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Kalo Gold Holdings Corp. to Commence Trading on the TSX Venture Exchange
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE...
About this update from Kalo Gold Corp
[{"type":"text","content":"Kalo Gold Holdings Corp. to Commence Trading on the TSX Venture ExchangeTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATESRelease Highlights:Completion of Concurrent Financing of $3,718,900 Completion of Qualifying Transaction with Kalo Gold Corp.The Vatu Aurum Gold Project in Fiji, comprised of a 367 square km land package, containing a drill-stage target and a number of epithermal gold prospectsVANCOUVER, BC / ACCESSWIRE / February 24, 2021 / KALO GOLD HOLDINGS CORP. (formerly E36 Capital Corp.) (TSXV:KALO) (\"Kalo Holdings\" or the \"Company\"), a discovery-driven company with high-grade opportunities in Fiji, is pleased to announce it has completed its Qualifying Transaction (as defined in the policies of the TSX Venture Exchange (the \"TSXV\")) (the \"Transaction\"), pursuant to which it has acquired all of the outstanding securities of Kalo Gold Corp. (\"Kalo\"). The Company expects to resume trading as a Tier 2 Mining Issuer on the TSXV under the symbol \"KALO\" at market open on or about Monday, March 1, 2021.In connection with the closing of the Transaction (the \"Closing\"), the Company:changed its name from E36 Capital Corp. to Kalo Gold Holdings Corp.;completed a private placement of common shares of the Company (each, a \"Share\") for aggregate gross proceeds of $3,718,900;appointed Fred Tejada, Kevin Ma, Michael Nesbitt, David Whittle and Cam Grundstrom as directors, and Fred Tejada, Kevin Ma, and Alex Tong as officers of the Company; andcreated an Advisory Committee and appointed David Medilek, Alastair Still, and Russell Fountain as Special Advisors of the Company.all as further described in this news release and in the Company's filing statement dated February 9, 2021 (the \"Filing Statement\") with respect to the Transaction.Vatu Aurum Gold Project, FijiThe Vatu Aurum Gold Project is located in Fiji, along the mineral-rich Pacific Ring of Fire. Kalo is working towards a district-scale high-grade gold discovery. With the $3.7 million concurrent financing, Kalo is well funded to carry out an initial drilling program strategically targeted to:confirm high-grade mineralization that contains an inferred historical resource;conduct an expanded soil sampling program and a geophysical survey (IP) over a 2.5 km zone to define the extensions of the known mineralizat...