Business
KO Gold Closes Debt Settlement
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2025) - KO Gold Inc. (CSE: KOG) ("KO Gold" or the "Company") announces that it has closed the previously announced debt settlement agreements (the "Settlement Agreements") with certain creditors to settle outstanding debts totaling $493,471.24, including outstanding fees owed to management and contractors (the "Debt Settlement"). Pursuant to the Settlement Agreements, the Company issued an aggregate of 2,467,356 common shares (the...
About this update from Ko Gold, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 5, 2025) - KO Gold Inc. (CSE: KOG) ("KO Gold" or the "Company") announces that it has closed the previously announced debt settlement agreements (the "Settlement Agreements") with certain creditors to settle outstanding debts totaling $493,471.24, including outstanding fees owed to management and contractors (the "Debt Settlement"). Pursuant to the Settlement Agreements, the Company issued an aggregate of 2,467,356 common shares (the "Common Shares") at a deemed price of $0.20 per Common Share in full satisfaction of such debts.","length":640,"tagName":"p"},{"type":"text","content":"The Common Shares issued pursuant to the Settlement Agreements are subject to a statutory hold period of four months and one day in accordance with applicable securities laws.","length":175,"tagName":"p"},{"type":"text","content":"Two insiders of the Company participated in the Debt Settlement, settling an aggregate of $282,871.24 of indebtedness through the issuance of 1,414,356 Common Shares. Such participation constitutes a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, on the basis that the fair market value of the insider participation does not exceed 25% of the Company's market capitalization.","length":679,"tagName":"p"},{"type":"text","content":"Early Warning Disclosure","length":24,"tagName":"p"},{"type":"text","content":"In connection with the Debt Settlement, Gregory Isenor acquired 794,216 Common Shares of the Company (the "Shares"). Immediately prior to the Debt Settlement, Mr. Isenor beneficially owned and/or controlled 2,638,000 common shares of the Company, representing approximately 10.80% of the Company's issued and outstanding common shares. As a result of the Debt Settlement, Mr. Isenor now beneficially owns and/or controls 3,432,216 common shares, representing approximately 12.76% of the Company's issued and outstanding common shares.","length":552,"tagName":"p"},{"type":"text","content":"The Shares were acqui...