Canada’s junior exploration company KO GOLD announced plans to start a private placement to raise up to $ 2M ($ 1.4m) to support the company’s exploration and drilling programs at OTAGO GOLD DISTRICT, New Zealand.
The company will publish up to 1 million units of C $ 0.20, each, and each unit can purchase additional stocks at C $ 0.25 within two years, including one common stock and one warrant.
The proceeds from personal deployment are also assigned to general driving capital.
Qualified parties can receive Finder’s fees in cash and warrants of Finder, and the latter is issued in the same conditions as a personal deployment. All securities issued by the legal withholding period of four months and one day are applied.
KO GOLD has eight 100%ownership forecasts and exploration permits dealing with 740 km² in OTAGO GOLD DITRICT.
June 2024, KO GOLD I have released a drilling plan for the riding Gold District.Aim for the high -quality mineral area.
KO GOLD is trying to complete the reverse circulation (RC) and diamond drill holes through several exploration permits, including Carrick, Hyde, SMYLERS and Glenpark.
The main focus is to find a high-end mineral shear zone within the Carrick Gold Field and test the mineral expansion of the Oceanagold’s Macraes Gold Mine and adjacent hyde-macraes shear zones.
KO GOLD is in the process of selecting a drilling contractor and securing the required drilling permits and personal land access contracts.
Over the past five years, KO GOLD has invested in exploration and drilling of more than C $ 3M, including RC and diamond drilling from SMYLERS permits.
“KO GOLD Launched Ride Ride Ride $ 1.4 million Personal Placement to support the Gold District exploration funds” Mining technologyGlobaldata owned brand.
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