Business
Kiboko Closes Private Placement and Completes Share Consolidation
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About this update from Kiboko Gold, Inc.
Kiboko Closes Private Placement and Completes Share Consolidation .bwalignc { text-align: center; list-style-position: inside } .bwuline { text-decoration: underline } 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 closed its previously announced non-brokered private placement (the “Private Placement”) and has completed the consolidation of its issued and outstanding common shares (the “Common Shares”) on the basis of one (1) post-consolidation Common Share for each ten (10) pre-consolidation Common Shares (the “Consolidation”). The Consolidation was completed immediately prior to the closing of the Private Placement, and all references in this news release to Common Shares, Units and Warrants are on a post-Consolidation basis. In connection with the closing of the Private Placement, the Company issued an aggregate of 12,750,000 units (the “Units”) at a price of $0.08 per Unit for aggregate gross proceeds of $1,020,000. Each Unit consists of one Common Share and one transferable Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.12 for a period of two (2) years from the date of issuance. Following the completion of the Private Placement, the Company has 17,163,709 post-consolidated Common Shares issued and outstanding. The Company intends to use the net proceeds of the Private Placement for general corporate and working capital purposes. All securities issued under the Private Placement are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. The Private Placement remains subject to final acceptance of the TSX Venture Exchange (the “TSXV”). The Consolidation was approved by the TSXV and the Company’s Common Shares commenced trading on a post-Consolidation basis at the opening of markets on January 23, 2026. The TSXV issued its bulletin on January 21, 2026. Following the Consolidation, the new CUSIP number for the Common Shares is 493734206 and the new ISIN number for the Common Shares is CA4937342067. Shareholders who hold their Common S...