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Kalo Gold Announces up to $2,000,000 Non-Brokered Private Placement Share Offering
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRES VANCOUVER, BC /...
About this update from Kalo Gold Corp
[{"type":"text","content":"Kalo Gold Announces up to $2,000,000 Non-Brokered Private Placement Share OfferingNOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRESVANCOUVER, BC / ACCESSWIRE / DECEMBER 14, 2022 / KALO GOLD CORP. (TSXV:KALO) (\"Kalo,\" \"Kalo Gold,\" or the \"Company\"), focused on its flagship Vatu Aurum Gold Project, Republic of Fiji, is pleased to announce a non-brokered private placement of common shares of the Company (the \"Shares\") to raise gross proceeds of up to $2,000,000 (\"the \"Offering\"). The Offering will be priced at $0.05 per share.The Company will use the net proceeds of the Offering towards the Phase 3 exploration program at its 100% owned Vatu Aurum Gold Project which will include diamond drill testing follow up of significant high-grade gold targets that have been identified at Qiriyaga and Mouta, geochemical and geophysical work including a BLEG program and CSAMT survey, and for general working capital purposes.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. Finders' fees will be payable on completion of the Offering.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 the United States or to or for the benefit or account of U.S. persons, absent such registration or an applicable exemption from such registration requirements.About Kalo Gold Corp.Kalo Gold Corp, a gold exploration company, is focused on exploration for low sulphidation epithermal gold deposits of the Vatu Aurum Gold Project on the island of Vanua Levu (North Island) in the Republic of Fiji. Kalo holds a 100% interest in two Special Prospecting Licenses, covering 367 km2. Historical exploration work includes 11,423 m of diamond drilling, concentrated on the Qiriyaga Hill and Vuinubu Ridge Gold Deposits and the identification of over fourteen priority epithermal gold exploration targets.Both Viti Levu, (South Island), and Vanua Levu are on the prolific Pacific \"Ring of Fire\", a trend that has produced numerous large deposits...