Business
Kobo Resources Receives Proceeds of $1,275,010 from Successful Warrant Exercise and Appoints Dr. Ghislain Tourigny as Structural Geology Consultant
Warrant exercise demonstrates existing shareholders' confidence in the Company's ability to deliver on its exploration program at its 100%-owned Kossou Gold Pro
About this update from Kobo Resources Inc.
[{"type":"text","content":" Warrant exercise demonstrates existing shareholders' confidence in the Company's ability to deliver on its exploration program at its 100%-owned Kossou Gold Project in Côte d'Ivoire, West Africa Appointment of a structural geologist consultant with prior extensive experience working at the neighbouring Yaourè Gold Mine operated by Perseus Mining Ltd. (“Perseus”) QUEBEC CITY / Aug 30, 2023 / Business Wire / Kobo Resources Inc. (\"Kobo” or the \"Company\") (TSX.V: KRI) is pleased to announce it has received $1,275,010 in total gross proceeds from the exercise of 4,250,034 Common Share Purchase Warrants (the “Warrants”), representing 100% of the outstanding Warrants expiring August 31, 2023. The Company is also pleased to announce the appointment of Dr. Ghislain Tourigny as structural geology consultant to assist in furthering the understanding of the structural setting and controls on gold mineralisation of key targets at its 100%-owned Kossou Gold Project (“Kossou”). Edward Gosselin, CEO and Director of Kobo commented: “The successful exercise of Warrants reaffirms our existing shareholders' confidence in our ability to successfully deliver and execute on our exploration program thus far at Kossou. Among the subscribers are several industry professionals which represents a strong vote of confidence towards Kobo and its quest in making Kossou a successful project. The additional capital will help support our exploration plans going forward. We remain enthusiastic about the opportunities that lie ahead, especially with the planned additional drilling on the Jagger Zone, Road Cut Zone and first holes at the Kadie Zone to further define and extend gold mineralization within these zones.” He continued: “It is a pleasure to have Dr. Ghislain Tourigny join our team to help further our understanding of the overall structural framework of our key targets at Kossou. Dr. Tourigny has over 35 years of experience in structural geology, including four years as the Group Structural Geologist at Perseus’ Yaouré Gold Mine and three additional years consulting to Perseus mapping exploration and exploitation permits and conducting detailed open pit mapping at the Yaourè mine with an emphasis on structural controls on gold mineralisation. The expertise that Dr. Tourigny possesses of the area will prove invaluable as we work to further understand th...