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Toronto, Ontario--(Newsfile Corp. - March 27, 2025) - KO Gold Inc. (CSE: KOG) ("KO Gold" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of up to 10,000,000 units ("Units") to be issued at a price of C$0.20 per Unit for gross proceeds up to C$2,000,000 (the "Private Placement"). Each Unit will be comprised of one common share (each a "Share") and one transferable common share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share at a price of C$0.25 for a period of two (2) years from issuance.
Proceeds received from the Private Placement will be used for general working capital purposes and to fund the Company's ongoing exploration and drilling programs in the Otago Gold District in New Zealand.
Finder's fees of cash and Warrants issued on the same terms as noted above may be paid to qualified parties. All securities will be will be subject to a statutory hold period of four months and one day from issuance.
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