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Kobo Resources Inc. ( (TSE:KRI) ) has provided an update.
Kobo Resources Inc. has announced an upsizing of its previously announced non-brokered private placement due to strong investor demand, increasing the offering to approximately $4.17 million from $3.0 million. This move signifies market confidence in Kobo’s operations and its Kossou Gold Project in Côte d’Ivoire, with the company planning to use the proceeds to advance its exploration plans and enhance its geological programs. The involvement of key shareholder Luso Global Mining, maintaining its 9.9% interest, further strengthens Kobo’s strategic partnerships and positions the company for aggressive growth and value creation for stakeholders.
The most recent analyst rating on (TSE:KRI) stock is a Buy with a C$0.55 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 is a growth-focused gold exploration company with a compelling new gold discovery in Côte d’Ivoire, one of West Africa’s most prolific and developing gold districts. The Company’s 100%-owned Kossou Gold Project is located near Yamoussoukro and is adjacent to a large gold mine with established processing facilities.
Average Trading Volume: 71,140
Technical Sentiment Signal: Sell
Current Market Cap: C$26.21M
See more data about KRI stock on TipRanks’ Stock Analysis page.