From Yahoo Finance: 2025-03-28 11:53:00

Canadian junior exploration company KO Gold is planning a non-brokered private placement to raise up to C$2m for exploration in New Zealand’s Otago Gold District. The company will issue ten million units at C$0.20 each, with each unit containing a common share and a warrant. The funds will also support general working capital needs.

Qualified parties may receive finder’s fees in cash and warrants, with all securities issued subject to a hold period of four months and one day. KO Gold holds eight 100%-owned prospecting and exploration permits covering 740km² in the Otago Gold District. The company has invested more than C$3m in exploration and drilling in the past five years.

KO Gold recently unveiled drilling plans for the Otago Gold District, targeting high-grade mineralized zones. The company plans to complete reverse circulation and diamond drill-holes across various exploration permits, focusing on discovering high-grade mineralized shear zones and testing mineralized extensions of the Hyde-Macraes Shear zone near OceanaGold’s Macraes gold mine. KO Gold is in the process of selecting a drilling contractor and securing necessary permits and access agreements.



Read more at Yahoo Finance: KO Gold launches $1.4m private placement to fund Otago Gold District exploration