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Kairos Gold Announces Upsized Private Placement
(TheNewswire) CALGARY, ALBERTA, July 13, 2026 – TheNewswire - Kairos Gold I...
About this update from Kairos Gold Inc.
Kairos Gold Announces Upsized Private Placement (TheNewswire) CALGARY, ALBERTA, July 13, 2026 – TheNewswire - Kairos Gold Inc. (“Kairos Gold” or the “Company”) (TSXV: KIRO) is pleased to announce that due to strong investor demand it has increased the size of the non-brokered private placement of units previously announced on June 23, 2026 (the “Offering”).   The Offering, which was originally planned to raise gross proceeds of up to $6 million, has been increased by approximately $3.824 million and now consists of up to 16,373,902 units (the “Units”) at a price of $0.60 per Unit, for aggregate gross proceeds of up to $9,824,341.20.   Each Unit will consist of one common share of the Company (a “Common Share”) and one-half of a Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional Common Share at a price of $0.88 for a period of two years from the date of closing. The Company may accelerate the expiry of the Warrants if the Common Shares trade on the TSX Venture Exchange (the “TSXV”), or any other stock exchange on which they are then listed, at a price of at least $1.00 per Common Share for ten consecutive trading days, subject to the terms of the Warrants.   Kairos Gold may pay a cash commission or finder’s fee to qualified arm’s-length parties of up to 6% of the gross proceeds of the Offering, together with warrants equal to 6% of the Common Shares issued in connection with the Offering (the “Finders Warrants”). Each Finders Warrant is non-transferable and will entitle the holder to purchase one additional Common Share at a price of $0.60 for a period of 12 months following the closing of the Offering.   The proceeds of the Offering will be used to fund a Phase One exploration and drilling program at the Company’s Carmona Project. Exploration activities at Carmona are expected to commence immediately following completion of the Phase Three exploration program currently underway at the Las Garillas, Oro Brillante Project, located approximately 7 km from Carmona. A portion of the proceeds may also be allocated to expand the current exploration program should the results warrant additional work. Through the exploration progra...