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Kalo Gold Closes $5.88 Million Equity Financing, Including Oversubscribed $5.38 Million Private Placement and $500,000 Crescat Capital Investment
Silvercorp Metals Inc. Invests $1.5 million in Private Placement Crescat Capital LLC Compl...
About this update from Kalo Gold Corp
[{"type":"text","content":"Kalo Gold Closes $5.88 Million Equity Financing, Including Oversubscribed $5.38 Million Private Placement and $500,000 Crescat Capital InvestmentSilvercorp Metals Inc. Invests $1.5 million in Private PlacementCrescat Capital LLC Completes Separate $500,000 Strategic Investment VANCOUVER, BC / ACCESS Newswire / July 28, 2025 / KALO GOLD CORP. (\"Kalo\", \"Kalo Gold\" or the \"Company\") announces, further to its news releases on June 26 and July 3, 2025, the completion of a $5.88 million equity financing anchored by investments from Silvercorp Metals Inc. (\"Silvercorp\") and Crescat Capital LLC (\"Crescat\").HighlightsLead order from Silvercorp ($1.5M) and strategic investment by Crescat ($500K)Oversubscribed: $5.88 million total financing ($5.38M oversubscribed private placement + $500K strategic investment) reflects significant institutional participation.Exploration funding: Proceeds will support regional target advancement and diamond drilling at high-priority epithermal gold targets with confirmed pathfinder anomalies and alteration signatures.Insider participation: $120,000 subscribed by directors and officersLong-term strategic commitment: Participation Rights granted to both Silvercorp and Crescat to maintain pro rata ownership in future financingsAdvisory support: Partnerships with 3L Capital (North America) and Greenwood Capital (UK/Europe) provide additional investor outreach.\"We have been disciplined in defining the geological potential of Vatu Aurum through extensive soil sampling and trenching programs that have delivered strong results at Aurum Prime over the last year. With this financing secured, we are ready to advance to the next phase with drilling focused on the most compelling targets that remain untested at depth, while also using the insights gained from our work to date to advance other priority targets, including Coqeloa and Wainikoro,\" said Terry Tucker, P.Geo., President & CEO of Kalo Gold.Crescat Capital LLC - Strategic InvestmentFurther to the news release dated June 26, 2025, the Company has closed its strategic investment from Crescat for $500,000 by issuing 10,000,000 Units at a price of $0.05 per Unit for gross proceeds of $500,000 (the \"Investment\"). Each Unit consists of one common share of the Company (each, a \"Share\") and one Share purchase warrant (each, a \"Warrant\"). Each Warra...