KO Gold Inc. announced a a non-brokered private placement of up to 3,030,303 units at an issue price of CAD 0.33 per unit for the gross proceeds of CAD 999,999.99 on December 6, 2023. Each Unit shall be comprised of one Common Share and one common share purchase warrant. Each Warrant shall entitle the holder thereof to acquire one additional Share at a price of CAD 0.40 for a period of two years from the date of issuance.

In connection with the Offering, the Company may pay certain eligible persons finder?s fees of cash and warrants. Each Broker Warrant shall entitle the holder thereof to acquire one Share at a price of CAD 0.40 per Share for a period of two years from the date of issuance. All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange.