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Kalo Gold Announces C$15.5 Million Non-Brokered Private Placement To Accelerate Vatu Aurum Project Exploration In Fiji
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About this update from Kalo Gold Corp
[{"type":"text","content":"Kalo Gold Announces C$15.5 Million Non-Brokered Private Placement To Accelerate Vatu Aurum Project Exploration In FijiNot for distribution to United States newswire services or for release, publication, distribution or dissemination, directly or indirectly, in whole or in part, in or into the United States. VANCOUVER, BC / ACCESS Newswire / December 2, 2025 / KALO GOLD CORP. (TSXV:KALO) (\"Kalo\", \"Kalo Gold\" or the \"Company\") is pleased to announce a non-brokered private placement under the Listed Issuer Financing Exemption (as defined herein) of up to 9,687,500 post-consolidation units (the \"Unit\") at $0.32 per Unit (the \"Offering Price\") for gross proceeds of up to $3,100,000 (the \"LIFE Offering\"). Concurrently, the Company intends to issue up to 38,750,000 Units at the Offering Price for gross proceeds of up to $12,400,000 (the \"Concurrent Offering\", and together with the LIFE Offering, the \"Offerings\") for total aggregate proceeds of $15,500,000. All securities to be issued pursuant to the Offerings shall be issued on a post 4:1 consolidated basis.Each Unit will consist of one post-consolidation common share (each, a \"Share\") in the capital of the Company and one-half of one post-consolidation common share purchase warrant (each, a \"Warrant\"). Each Warrant is exercisable for one post-consolidation Share at the exercise price of $0.50 for a period of thirty-six months from the date of issue. In addition, the expiry date of the Warrants is subject to acceleration if the volume weighted average trading price of the Shares on the TSX Venture Exchange (\"TSXV\") (or such other stock exchange where the Shares are then listed or quoted) is greater than $0.75 for a period of twenty (20) consecutive trading days, in which case the expiry date of the Warrants may be accelerated to a date that is thirty (30) days following the date the Company provides notice to the Warrant holders, by way of a news release, that the expiry date has been accelerated.Prior to closing the Offerings and subject to TSXV approval, the Company shall complete a share consolidation of its outstanding Shares on the basis of four (4) pre-consolidation Shares for every one (1) post-consolidation Share.The LIFE Offering is being conducted under the listed issuer financing exemption as per Part 5A of National Instrument 45-106 - Prospectus Exempt...