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Kiboko Announces Upsizing Option on Non-Brokered Private Placement
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States Ki...
About this update from Kiboko Gold, Inc.
Kiboko Announces Upsizing Option on 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, in connection with its non-brokered private placement announced on September 30, 2025 and amended on November 27, 2025 (the “Private Placement”), the Company has reserved the right to increase the size of the Private Placement by up to 20%. As a result, up to an additional 2,500,000 post-consolidation units (the “Units”) may be issued, for a total of up to 15,000,000 Units, at a price of $0.08 per Unit, for gross proceeds of up to $1,200,000. All other terms and conditions of the Private Placement remain unchanged. 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 at an exercise price of $0.12 for a period of two years following completion of the Private Placement. The Company has extended the expected closing of the Private Placement and now expects it to close on or about January 25, 2026. 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. The Company’s share consolidation (the “Consolidation’) is expected to be completed on the basis of ten (10) pre-Consolidation common shares for one (1) post-consolidation Common Share, subject to approval of the TSX Venture Exchange. 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 ...