Waraba Gold Provides Corporate Updates

About this update from Waraba Gold Limited

[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 9, 2026) - Waraba Gold Limited (CSE: WBGD) (FSE: ZE0) (OTC Pink: WARAF) (the "Company" or "Waraba") is pleased to provide the following corporate updates:","length":229,"tagName":"p"},{"type":"text","content":"Private Placement Upsizing","length":26,"tagName":"p"},{"type":"text","content":"Further to the Company's press release dated November 17, 2025 (the "November 17 Release"), the Company is pleased to announce that, due to significant interest, the Company intends to increase the size of its previously announced Private Placement from $1.5 million to up to $2.5 million of either (i) Shares; or (ii) Pre-Funded Warrants at a price of $0.07 per security. Capitalized terms not otherwise defined herein have the meanings attributed to them in the November 17 Release.","length":498,"tagName":"p"},{"type":"text","content":"The Pre-Funded Warrants may not be exercised unless and until Disinterested Shareholders approve, by way of an ordinary resolution, the proposed securities offering that exceed the thresholds outlined in policies of the CSE, as required pursuant to the application of CSE Policy 4.6(2)(a)(i)(2). It is anticipated that existing holders of Debentures may participate in the Private Placement by way of a settlement on identical terms to subscribers in the Private Placement.","length":473,"tagName":"p"},{"type":"text","content":"The funds raised in the Private Placement will be utilized to fund the commitments under the earn-in arrangements pursuant to the Ivory Coast Projects and general working capital.","length":179,"tagName":"p"},{"type":"text","content":"Closing of the final tranche of the Private Placement will be January 16, 2026.","length":79,"tagName":"p"},{"type":"text","content":"Closing of the Initial Tranche of the Private Placement and Debt Settlements","length":76,"tagName":"p"},{"type":"text","content":"The Company is also pleased to announce the closing of the first tranche of the Private Placement for gross proceeds of $1,500,000.06, which included the settlement (together, the "Debt Settlements") of an aggregate of $350,000 in debt (together, the "Debt") owing to an officer of the Company and existing Debentureholders issued in the Debenture financing, to preserve the Company's cash, throug...

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