Business
Kalo Gold Announces CAD $3 Million Brokered Private Placement Share Offering Led by Cormark Securities Inc. and Commencement of Phase 2 Exploration at Vatu Aurum Gold Project
Kalo Gold Announces CAD $3 Million Brokered Private Placement Share Offering Led by Corma...
About this update from Kalo Gold Corp
[{"type":"text","content":"\n \n \n \n Kalo Gold Announces CAD $3 Million Brokered Private Placement Share Offering Led by Cormark Securities Inc. and Commencement of Phase 2 Exploration at Vatu Aurum Gold Project\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH\n \n UNITED STATES\n \n NEWSWIRE SERVICES/\n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 9, 2021\n \n /CNW/ - KALO GOLD CORP. (TSXV: KALO) (\"\n \n Kalo,\" \"\n \n Kalo Gold\n \n ,\n \n \" or the \"\n \n Company\n \n \"), a discovery-driven company with high-grade gold opportunities in\n \n Fiji\n \n , is pleased to announce a brokered private placement of common shares of the Company (the \"\n \n Shares\n \n \") led by Cormark Securities Inc., as sole agent (the \"Agent\"), to raise gross proceeds of a minimum of approximately\n \n $3 million\n \n (\"the \"\n \n Offering\n \n \") on a best efforts fully marketed basis.  The Offering will be priced at\n \n $0.21\n \n per share.\n \n \n The Agent shall have an option (the \"\n \n Option\n \n \"), exercisable in whole or in part at the Agent's discretion and without obligation, at any time prior to the closing of the Offering, to increase the size of the Offering and sell an additional 15.0% of the Shares sold pursuant to the Offering, at the same price with the same terms and conditions.\n \n \n Securities issued pursuant to the Offering will be subject to a hold period of four months from the date of closing. The Offering remains subject to the approval of the TSX Venture Exchange.\n \n \n This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold within\n \n the United States\n \n or to or for the benefit or account of U.S. persons, absent such registration or an applicable exemption from such registration requirements.\n \n \n...