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Kobo Resources Inc. ( (TSE:KRI) ) has shared an announcement.
Kobo Resources Inc. plans to raise approximately $287,492 through a non-brokered private placement of 958,306 common shares at $0.30 per share, with the securities issued under Canadian prospectus exemptions and subject to a four-month hold period. The proceeds will be directed to general corporate and working capital purposes, with the financing expected to close around February 3, 2026, pending TSX Venture Exchange and other required approvals, providing additional funding to support the company’s ongoing gold exploration and development activities in Côte d’Ivoire.
The most recent analyst rating on (TSE:KRI) stock is a Buy with a C$0.60 price target. To see the full list of analyst forecasts on Kobo Resources Inc. stock, see the TSE:KRI Stock Forecast page.
More about Kobo Resources Inc.
Kobo Resources Inc. is a growth-focused gold exploration company operating primarily in Côte d’Ivoire, within one of West Africa’s most prolific gold districts. Its flagship asset is the 100%-owned Kossou Gold Project near Yamoussoukro, adjacent to a major operating gold mine and processing facilities. Since 2023, Kobo has completed extensive diamond and reverse circulation drilling and trenching to define the scale and prospectivity of Kossou, confirming extensive mineralisation at the Jagger, Road Cut and Kadie zones. The company is also advancing exploration at its Kotobi Permit and expanding its land position in Côte d’Ivoire, targeting long-term growth in high-potential gold regions of West Africa.
Average Trading Volume: 111,706
Technical Sentiment Signal: Sell
Current Market Cap: C$27.69M
See more insights into KRI stock on TipRanks’ Stock Analysis page.