KO Gold Announces Acquisition
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KO Gold Announces Acquisition
Toronto, Ontario – February 23, 2024 – KO Gold Inc. (CSE:KOG) ("KO Gold" or the "Company") is pleased
to announce that, further to its press release dated February 15, 2024, the Company has acquired (the "Acquisition")
two exploration permits (EP) located in the Otago Gold District of New Zealand (the "Property"). The Acquisition
was completed pursuant to an arm’s length exploration permit acquisition agreement (the "Acquisition
Agreement") dated February 15, 2024 with NewPeak Metals Ltd. ( "NewPeak Metals") and NewPeak NZ Ltd.
(together with NewPeak Metals, the "Vendors") and Neil Stuart (the "Recipient").
As partial consideration for the Property, the Company has issued the Recipient and the Vendors an aggregate of
595,238 common shares (each, a "Common Share") in the capital of the Company at a deemed issuance price of
$0.42 per Common Share.
All Common Shares issued pursuant to the Acquisition will be subject to a statutory hold period of four months
plus a day from the date of issuance in accordance with applicable securities legislation.
Completion of the sale and purchase of the Property is also subject to and conditional upon NZP&M and the
Minister approving the transfer of the Property from the Vendors to the Purchaser in accordance with the New
Zealand Crown Minerals Act.
About KO Gold Inc.
KO Gold is a Canadian junior mining company listed on the CSE under the ticker symbol "KOG". The Company’s
strategy is to acquire and explore highly prospective gold properties within the Otago Gold District in New Zealand.
KO Gold has eight 100%-owned prospecting and exploration permits within the Otago Gold District, which includes
the Smylers Gold Project for a combined land package of approximately 1,064 km2. The Smylers Gold Project is
an advanced exploration project located adjacent to OceanaGold’s active Macraes Gold Mine. The Smylers Gold
Project has the potential to host a major gold deposit and has seen significant investments in exploration and drilling
over the past few years including over C$1M spent by KO Gold on exploration including reverse circulation (RC)
and diamond drilling.
For further information, please contact:
Greg Isenor, President and CEO, Director
Tel: (902) 832-5555
Email: [email protected]
Website: www.kogoldnz.com
KO Gold Inc.
Suite 802 – Sun Tower, 1550 Bedford Highway
Bedford, Nova Scotia
B4A 1E6 Canada
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market
Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy
of this news release.
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Forward-Looking Information
The information contained herein contains "forward-looking statements " within the meaning of applicable
securities legislation. Forward -looking statements relate to information that is based on assumptions of
management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express
predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are
not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject
to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in
the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing
on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and
regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings;
risks related to environmental regulation and liability; the potential for delays in exploration or development
activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to
the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent
uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of
prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will
not be consistent with the Company’s expectations; risks related to commodity price fluctuations; and other risks
and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s
disclosure reco rd. Should one or more of these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those described in forward -looking
statements. Investors are cautioned against attributing undue certainty to forward -looking statements. These
forward-looking statements are made as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. Actual events or results could differ m aterially from
the Company’s expectations or projections.