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Kalo Gold Announces Strategic Investment From Crescat Capital LLC
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About this update from Kalo Gold Corp
[{"type":"text","content":"Kalo Gold Announces Strategic Investment From Crescat Capital LLCNot 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 / June 26, 2025 / KALO GOLD CORP. (TSXV:KALO) (\"Kalo\", \"Kalo Gold\" or the \"Company\") is pleased to announce that Crescat Capital LLC has subscribed for 10,000,000 units of the Company (each, a \"Unit\") at a price of $0.05 per Unit for gross proceeds of $500,000 (the \"Investment\"). Each Unit will consist of one common share (each, a \"Share\") in the capital of the Company and one common share purchase warrant (each, a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire an additional Share at an exercise price of $0.08 per Share for a period of twenty-four months from the date of issuance. The Investment is subject to TSXV approval.In connection with the Investment, Kalo Gold and Crescat Capital have agreed to extend the Strategic Shareholder Agreement and Grant of Participation Right originally entered into in January 2023. These agreements formalize an ongoing strategic relationship, under which Crescat may engage with Kalo's management and technical teams and provide input through its Geologic and Technical Advisor, Dr. Quinton Hennigh. Dr. Hennigh is a globally respected exploration geologist with a track record of major gold discoveries, and his continued involvement will support the refinement of Kalo's exploration and development strategy at the Vatu Aurum Project. The agreements also grant Crescat the right to participate in future financings to maintain its pro rata ownership. Kalo will continue to manage all interactions in compliance with applicable securities laws and corporate governance protocols.The Company intends to use the net proceeds of the Offering to fund:Up to 9,000 metres of diamond drilling at the Vatu Aurum Project in Fiji, including drill testing of epithermal upwelling zones within the Aurum Epithermal Field such as the Dua, Rua, Tolu and Va Targets on the Namalau Trend), and high-grade diatreme and surge deposits within the Qiriyaga Complex;Continued geological mapping, trenching, and drilling along the Namalau, Loma, and Buca Trends;Surface exploration - including soil sampling, trenching, a...