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Kalo Gold Announces Closing Of $10.843 Million First Tranche Of Life Offering And Concurrent Private Placement
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About this update from Kalo Gold Corp
[{"type":"text","content":"Kalo Gold Announces Closing Of $10.843 Million First Tranche Of Life Offering And Concurrent Private PlacementNot 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 23, 2025 / KALO GOLD CORP. (TSXV:KALO) (\"Kalo\", \"Kalo Gold\" or the \"Company\") is pleased to announce that, further to its news release dated December 2, 2025, the Company has closed the first tranche of its previously announced non-brokered private placement under the Listed Issuer Financing Exemption (as defined herein) of 7,648,750 units (the \"Unit\") at $0.32 per Unit (the \"Offering Price\") for gross proceeds of $2,447,600 (the \"LIFE Offering\"). Concurrently, the Company has also closed the first tranche of its previously announced non-brokered private placement of Units of 25,110,625 Units at the Offering Price for gross proceeds of $8,035,400 (the \"Concurrent Offering\", and together with the LIFE Offering, the \"Offerings\") for total aggregate proceeds of $10,483,000.Each Unit consists of one common share (each, a \"Share\") in the capital of the Company and one-half of one common share purchase warrant (each, a \"Warrant\"). Each Warrant is exercisable for one 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.The LIFE Offering is being conducted under the listed issuer financing exemption as per Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"Listed Issuer Financing Exemption\"). As a result, the securities acquired under the LIFE Offe...