KO Gold Closes First Tranche of Non-Brokered Private Placement
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KO Gold Closes First Tranche of Non-Brokered Private Placement
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES
Toronto, Ontario – January 16, 2026 – KO Gold Inc. (CSE:KOG) ("KO Gold" or the "Company") is
pleased to announce that, further to its news releases dated December 15, 2025 and January 12, 2026, it has
closed the first tranche of the non-brokered private placement (the “Private Placement”) for aggregate gross
proceeds of $1,980,475.35, representing the issuance of 13,203,169 units (the “Units”).
Each Unit was issued at a price of $0.15 and consisted of one common share (each a “Share”) and one common
share purchase warrant (each a “Warrant”), with each such Warrant entitling the holder thereof to acquire one
additional Share at an exercise price of C$0.25 for a period of three (3) years from the date of issuance.
Completion of the Second Tranche of the Private Placement as announced on January 12, 2026, is subject to
shareholder approval pursuant to the policies of the Canadian Securities Exchange, as the issuance of securities
under the Private Placement would result in the issuance of securities in excess of 100% of the Company’s issued
and outstanding common shares on a fully diluted basis.
The Company is in the process of obtaining the required shareholder approval by written consent of shareholders
holding a majority of the outstanding common shares of the Company, as permitted under the policies of the
Canadian Securities Exchange and will provide an update in due course.
Upon receipt of such shareholder approval and all required regulatory approvals, the Company expects to close
the second tranche of the Private Placement. The Private Placement is for aggregate gross proceeds of up to
approximately $2,439,030, assuming completion of all tranches.
The Company intends to use the net proceeds from the Private Placement for general working capital purposes
and to fund ongoing exploration and drilling programs in the Otago Gold District, New Zealand.
The Company paid finder’s fees of $28,735 in cash and issued issue 191,567 finder’s warrants (the “Finder’s
Warrants”) to certain qualified parties upon closing. Each Finder’s Warrant will be exercisable to acquire one
common share at an exercise price of C$0.25 for a period of three (3) years from the date of issuance, being on
the same terms as the warrants issued in connection with the first tranche of the Private Placement.
All securities issued pursuant to the first tranche are subject to a statutory hold period expiring on May 15, 2026,
in accordance with applicable Canadian securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United
States. The securities have not been and will not be registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”), or any applicable state securities laws, and may not be offered or sold within
the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities
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laws, or an exemption from such registration is available.
About KO Gold Inc.
KO Gold is a Canadian junior exploration company listed on the CSE under “KOG”. The Company’s
strategy is to acquire and explore highly prospective gold properties within the Otago Gold District in
New Zealand. KO Gold presently, has four 100% -owned prospecting and exploration permits within the
Otago Gold District for a combined land package of 400 km 2 (including the Carrick Range exploration
permit application) . The Company’s Smylers, Hyde and Glenpark EPs are located adjacent to
OceanaGold’s Macraes Gold Mine and the Carrick EP hosts the historic Carrick Goldfield which holds
promise as a significant gold deposit near Santana Minerals’ Bendigo-Ophir Gold Project. The Company
also has an NSR on three additional permits, Garibaldi, Raggedy Range, and Rough Ridge South totaling
243km2. KO Gold has spent over C$3M in exploration and drilling on its permits in the Otago Gold
District over the past five years including RC and diamond drilling on its Smylers EP.
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.
Forward-Looking Information
This news release contains certain forward-looking statements within the meaning of applicable Canadian
securities laws. Forward- looking statements are frequently characterized by words such as “plan,”
“expect,” “intend,” “anticipate,” “propose,” “estimate ,” “may,” “will,” “would,” “potential,” or
variations of such words and phrases, or statements that certain actions, events or results “may,”
“could,” or “will” occur.
Forward-looking statements in this news release include, but are not limited to, statements regarding: the
completion of the balance of the Private Placement; the receipt of shareholder approval by written consent
and other required regulatory approvals; t he anticipated timing of such approvals and any additional
closings; the intended use of proceeds of the Private Placement; and the payment of finder’s fees and
issuance of finder’s warrants, if any.
Forward-looking statements are based on the reasonable assumptions, estimates and opinions of
management as of the date of this news release and are subject to a number of known and unknown risks,
uncertainties and other factors that may cause actual resul ts or events to differ materially from those
expressed or implied by such forward-looking statements. These risks and uncertainties include, without
limitation: the risk that shareholder approval may not be obtained or may be delayed; the risk that
required regulatory or exchange approvals may not be obtained on a timely basis or at all; changes in
market conditions; the Company’s ability to complete the Private Placement on the terms announced or
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at all; and the risk that the proceeds of the Private Placement may not be used as currently anticipated.
Although the Company believes that the assumptions and expectations reflected in such forward- looking
statements are reasonable, there can be no assurance that such statements will prove to be accurate, and
actual results may differ materially from those a nticipated. Readers are cautioned not to place undue
reliance on forward- looking statements. The Company expressly disclaims any obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise,
except as required by applicable law.