KAPA GOLD Announces Warrant Amendments
Kapa Gold Inc.
Suite 1400 – 1199 West Hastings Street
Vancouver, BC, V6E 3T5
Tel: 604-961-9442 | [email protected]
www.kapagold.com
KAPA GOLD ANNOUNCES WARRANT AMENDMENTS
VANCOUVER, BC – February 22, 2024 – KAPA GOLD INC. (TSXV:KAPA) (“Kapa” or the “Company”) is
pleased to announce that it intends to amend the exercise price of an aggregate of 5,622,600
common share purchase warrants (the “ May 2022 Warrants ”) from C$0.40 to C$0.20 (the
“Repricing”) and extend the expiry date of the May 2022 Warrants to May 19, 2026 (the “Extension”
and together with the Repricing, the “ Amendments”). The May 2022 Warrants were issued on May
19, 2022 and currently expire on May 19, 2024.
In connection with the Amendments, the terms of the May 2022 Warrants will be amended to
include an accelerated expiry clause such that the exercise period of the May 2022 Warrants will be
reduced to 30 days if, for any ten (10) consecutive trading days during the unexpired term of the
May 2022 Warrants, the closing price of the common shares of the Company exceeds the new
exercise price of the May 2022 Warrants by 25% or more. The 30 -day expiry period will commence
on the day that the Company disseminates a press release announcing the accelerated expiry
period.
The Amendments remain subject to receipt of TSXV approval.
About Kapa Gold
Kapa Gold, led by experienced capital markets and geologic team, is focused on exploring its 100%
owned historic Blackhawk Gold Mine and surrounding underexplored properties for economic
mineralization. Kapa Gold has also optioned the historic Mastodon Project in BC, Canada and is
compiling historical data in advance of recommendations for exploration programs.
To learn more, visit kapagold.com
On behalf of the Board of Directors
KAPA GOLD INC.
“David K. Paxton”
CEO and Director
For More Information Contact:
Konstantine Tsakumis
604-961-9442
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Information
Certain statements made, and information contained herein may constitute "forward -looking
information" and "forward -looking statements" within the meaning of applicable Canadian
and United States securities legislation. These statements and information are based on facts
currently available to the Company and there is no assurance that actual results will meet
management's expectations. Forward-looking statements and information may be identified by such
terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could"
or "would". Forward -looking statements and information contained herein are based on certain
factors and assumptions. While the Company considers its assumptions to be reasonable as of the
date hereof, forward -looking statements and information are not guaranteeing of future
performance and readers should not place undue importance on such statements as actual events
and results may differ materially from those described herein. The Company does not undertake to
update any forward -looking statements or information except as may be required by applicable
securities laws.