Closing of Private Placement KALO KALO.v #gold announced last week the closing of their non-brokered pp for gross proceeds of $2.35M, with proceeds going towards Phase 3 exploration program at the 100% owned Vatu Aurum Gold Project.
Work at Vatu Aurum includes
- Diamond drill testing to follow up high-grade gold targets that have been identified at Qiriyaga and Mouta
- A BLEG geochemical program
- A CSAMT geophysical survey
Worth noting that on the 2nd offering insiders accounted for over 3.5M shares, great sign of what they expect to come from KALO and their upcoming work at Vatu Aurum.
https://www.accesswire.com/734893/Kalo-Gold-Closes-Non-Brokered-Private-Placement-Offerings-for-Gross-Proceeds-of-C2350000-With-Strategic-Investments-From-Crescat-Capital-LLC-and-Associate-Investors-and-a-Foundation-Owned-and-Controlled-by-Mr-Michael-Gentile-CFA