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Kapa Gold Announces Upsizing Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - KAPA GOLD INC. (TSXV: KAPA) ("Kapa" or the "Company") is pleased to announce as a result of strong investor demand, the Company has increased the size of its previously announced non-brokered private placement for gross proceeds of up to CAD$3,000,000 (the "Private Placement" or "Offering"). The Private Placement will consist of the issuance of 20,000,000 units (the "Units") at a subscription price of CAD$0.15 per Unit. Each Unit...
About this update from Kapa Gold Inc
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - KAPA GOLD INC. (TSXV: KAPA) ("Kapa" or the "Company") is pleased to announce as a result of strong investor demand, the Company has increased the size of its previously announced non-brokered private placement for gross proceeds of up to CAD$3,000,000 (the "Private Placement" or "Offering"). The Private Placement will consist of the issuance of 20,000,000 units (the "Units") at a subscription price of CAD$0.15 per Unit. Each Unit will be comprised of one common share of the Company (a "Share") and one transferable common share purchase warrant (a "Warrant"). Each Warrant will be exercisable to purchase an additional Share of the Company at an exercise price of CAD$0.25 for a period of 24 months from the closing date ("Closing Date"). Pursuant to the terms of the Warrants, the Company may accelerate the expiry date of the Warrants if the closing price of the Company's common shares on the TSX Venture Exchange (the "TSXV") equals or exceeds C$0.30 for a period of 20 consecutive trading days (the "Acceleration Period") to the date which is 30 days following the dissemination of a news release announcing the Acceleration Period (the "Warrant Acceleration"). The proceeds from the Offering will be used for the Company's next drill program at its 100% owned Blackhawk Gold property, Lucerne Valley, California and general working capital requirements. Details of the drill program will be announced in a future press release to follow soon. Insiders of the Company will also subscribe for Units under the Private Placement. All securities issued in connection with the Private Placement will be subject to a statutory hold period of 4 months plus a day from the Closing Date in accordance with applicable securities legislation. Finder's fees may be paid in connection with this Offering. Closing of the Private Placement is subject to the approval of the TSXV. The Offering is expected to close on or before June 28, 2026 subject to regulatory approvals and customary closing conditions. About Blackhawk Gold Project Blackhawk Gold Project is located in the historic Blackhawk Mining District in California, a region renowned for its gold and silver production. The mine has a long history of preci...