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Kairos Gold Announces Proposed C$6 Million Private Placement
CALGARY, ALBERTA – TheNewswire - June 23, 2026 – Kairos Gold Inc. (“Kairos Gold” or the “Company”) (TSXV: KIRO) is pleased to advise that it intends to
About this update from Kairos Gold Inc.
CALGARY, ALBERTA – TheNewswire - June 23, 2026 – Kairos Gold Inc. (“Kairos Gold” or the “Company”) (TSXV: KIRO) is pleased to advise that it intends to complete a non-brokered private placement of units for gross proceeds of up to $6,000,000 (the “Offering”). The Offering, to be completed on a best-efforts basis, will involve the issuance of up to 10,000,000 units (“Units”). Each Unit will be priced at $0.60 and will consist of one common share of the Company (“Common Share”) and one-half of a Common Share purchase warrant (“Warrant”). Each full Warrant will entitle the holder to acquire an additional Common Share at a price of $0.88 for a period of two years from the date of closing. Kairos Gold may pay a cash commission or finder's fee to qualified non-related parties of up to 6% of the gross proceeds of the Offering payable together with warrants representing 6% of the Common Shares issued in connection with the Offering (“Broker Warrants”). Each Broker Warrant will entitle the holder to purchase one additional Common Share of the Company at a price of $0.60 for a period of 12 months following closing of the Offering. The proceeds of the Offering will be used to commence a Phase One exploration and drilling program at the Company’s Carmona Project. Subject to final program planning, permitting requirements and customary operational considerations, Kairos Gold aims to initiate the Phase One Program immediately following the completion of the current Phase Three drilling campaign at Oro Brillante. The Carmona Project is located in the Coquimbo Region of north-central Chile, approximately 7 kilometres from Oro Brillante. The proximity of the two properties supports an efficient transition of personnel, equipment and exploration activities while maintaining operational continuity within the district. The proposed Phase One program at Carmona has been designed to systematically evaluate priority targets identified to date. Further information related to that program will be shared in due course. Additionally, funds raised will be used for general working capital purposes including the expenses of the Offering. The Common Shares, Warrants and Broker Warrants issued pursuant to the Offering will be subject to a four month and one day hold period. The Offering remains subject to the approval of the TSX Venture Exchange. ABOUT KAIROS GOLD Kairos Gold is f...