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Kiboko Announces Repricing of Non-Brokered Private Placement
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About this update from Kiboko Gold, Inc.
Kiboko Announces Repricing of Non-Brokered Private Placement .bwalignc { text-align: center; list-style-position: inside } Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Kiboko Gold Inc. (TSXV: KIB) (“Kiboko” or the “Company”) announces that it has revised the pricing of its non-brokered private placement of units (the “Private Placement”), originally announced on September 30, 2025, to raise up to $1,000,000. The revised terms are intended to better reflect current market conditions for the Company’s common shares. On a post-Consolidation basis, the Private Placement will be repriced from $0.10 per Unit (the “Units”) to $0.08 per Unit and consist of up to 12,500,000 Units. Each Unit will consist of one post-Consolidation Common Share and one post-Consolidation transferable Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional post-Consolidation Common Share for $0.12 for a period of two years following completion of the Private Placement. All other terms and conditions of the Private Placement remain unchanged. The closing of the Private Placement is subject to customary conditions and receipt of all necessary approvals, including approval of the TSX Venture Exchange. Kiboko may pay finders’ fees in connection with the Private Placement in accordance with the policies of the TSX Venture Exchange. The Company expects to use the net proceeds of the Private Placement for general corporate and working capital purposes. Common Shares issued pursuant to the Private Placement will be issued on a post-Consolidation basis as described in the Company’s September 30, 2025 news release. Common Shares and Warrants issuable in connection with the Private Placement will be subject to a hold period of four months and one day in accordance with applicable Canadian securities laws. Completion of the Consolidation is subject to the approval of the TSX Venture Exchange. Subject to receipt of all required approvals, the Company will announce the record date and the effective date of the Consolidation in a subsequent news release. Additional information about Kiboko can be found on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.kibokogold.com . About Kiboko Gol...