KALO rockets up 35% after raising $2.3M Kalo Gold (KALO.v KLGDF) rocketed up 35% on the TSXV today with high volume after announcing that it has closed its Private Placement offerings for $2,350,000 gross.
Notably, Crescat Capital, associate investors and a foundation owned and controlled by Mr. Michael Gentile made strategic investments which totalled $1,825,000
With this Crescat now owns 13.5% of KALO on a basic basis and Michael Gentile owns 5.9% on a basic basis.
KALO called these investments a milestone for the company, and considering the SP movement today, investors seem to agree.
https://ca.finance.yahoo.com/news/kalo-gold-closes-non-brokered-210100938.html