Kiboko Announces Proposed Share Consolidation and Private Placement
KIBOKO GOLD INC.
#201 – 1405 St Paul Street
Kelowna, British Columbia V1Y 2E4
+1 (778) 381-5949
www.kibokogold.com
All amounts are in Canadian dollars, unless otherwise stated.
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
Kiboko Announces Proposed Share Consolidation and Private Placement
Kelowna, British Columbia (September 30, 2025) – Kiboko Gold Inc. (TSXV: KIB) (“Kiboko” or the
“Company”) announces that it intends to complete a consolidation of the issued common shares of
the Company (the "Common Shares") on the basis of one (1) post-consolidation Common Share
for each ten (10) pre-consolidation Common Shares (the "Consolidation").
Prior to giving effect to the proposed Consolidation, the Company has 44,137,093 pre -
Consolidation Common Shares issued and outstanding. Following the Consolidation, the
Company will have approximately 4,413,709 post-Consolidation Common Shares issued and
outstanding. No fractional Common Shares will be issued upon the Consolidation. In the event a
holder of Common Shares would otherwise be entitled to receive a fractional Common Share in
connection with the Consolidation, the number of Common Shares to be received by such
shareholder will be rounded down to the next whole number and no cash consideration will be
paid in respect of fractional shares.
In connection with the proposed Consolidation, the Company intends to complete a non-brokered
private placement (the “Private Placement”) of up to 10,000,000 units of the Company (“Units”) at a
price of $0.10 per Unit (post-Consolidation) for gross proceeds of up to $1,000,000. Each Unit will
consist of one post-Consolidation Common Share and one post-Consolidation transferable
Common Share purchase warrant (a “Warrant”). Each full warrant will entitle the holder thereof to
purchase one additional post-Consolidation Common Share for $0.15 for a period of 2 years
following completion of the Private Placement.
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.
All post-Consolidation Common Shares and Warrants issuable in connection with the Private
Placement will be subject to a hold period of four months and a day in accordance with applicable
Canadian securities laws. Completion of the Consolidation is subject to the approval of the
Company’s shareholders and the TSX Venture Exchange. The Private Placement 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.
A letter of transmittal will be mailed to registered shareholders providing instructions with respect
to surrendering share certificates representing pre-Consolidation Common Shares in exchange for
Trading Symbol: TSXV: KIB
2 | KIBOKO GOLD INC.
post-Consolidation Common Shares issued as a result of the proposed Consolidation. Until
surrendered, each certificate representing pre-Consolidation Common Shares will be deemed to
represent the number of post-Consolidation Common Shares the holder received as a result of the
Consolidation. Shareholders who hold their Common Shares in brokerage accounts or in book-
entry form are not required to take any action. Outstanding securities convertible or exercisable
into Common Shares will also be adjusted by the Consolidation ratio, and the exercise price of such
securities will be adjusted accordingly.
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 Gold Inc.
Kiboko is a Canadian-based exploration company focussed on advancing its Harricana Gold
Project, located 55 km north of Val-d’Or, Québec, within the world-renowned southern Abitibi gold
belt. Kiboko’s shares trade on the TSX Venture Exchange under the symbol “KIB”.
For further information, please contact:
Craig Williams
Director and interim President & CEO
+1 (778) 381-5949 x 6
Jeremy Link
Director and Chairman
+1 (778) 381-5949 x 1
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward
looking statements include estimates and statements that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management expects a stated condition, belief, estimate or
opinion, or result to occur. Forward looking statements may be identified by such terms as “believes”, “anticipates”,
“expects”, “interpreted”, “pending”, “suggests”, “preliminary”, “estimates”, “confident”, “may”, “aims”, “targets”,
“could”, “would”, “will”, or “plans” and similar expressions, or that events or conditions “will, “would”, “may”, “can”,
“could” or “should” occur, or are those statements, which, by their nature, refer to future events. Since forward-
looking statements are based on assumptions and address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Although these statements are based upon information currently available
to the Company, the Company provides no assurance that actual results will meet management’s expectations.
Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results,
performance, prospects and opportunities to differ materially from those expressed or implied by such forward
looking information.
Forward looking information in this news release may include, references to potential management changes, board
composition, strategic reviews, the proposed capital consolidation, financings, or limited ongoing corporate or
project activities. These statements reflect current expectations based upon information available to management
as of the date hereof and are subject to a number of known and unknown risks, uncertainties, and assumptions.
Given the Company’s current stage and limited operational activity, there can be no assurance that any forward-
looking statement will prove accurate, or that future developments will occur in the manner or timeframe
Trading Symbol: TSXV: KIB
3 | KIBOKO GOLD INC.
anticipated. Actual results and developments may differ materially from those expressed or implied by the forward-
looking statements. These risks and uncertainties include, among others, limited financial resources, potential
inability to secure additional financing, market conditions, limited exploration activity, regulatory risks, commodity
price fluctuations, and other risks described in the Company’s public filings on SEDAR+ (www.sedarplus.ca).
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no
obligation to update or revise any forward-looking statements, whether as a result of new information, future
developments, or otherwise, except as required by applicable securities laws.