Kobo Resources Announces Non-Brokered Private Placement of up to $3.0 Million.
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PRESS RELEASE AUGUST 20, 2025
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE
UNITED STATES.
Kobo Resources Announces Non-Brokered Private Placement of up
to $3.0 Million.
QUEBEC CITY, QC – Kobo Resources Inc. (“Kobo” or the “Company”) (TSX.V: KRI) intends to complete
a non-brokered private placement of up to 10,000,000 units (the “Units”) at a price of $0.30 per Unit for
gross proceeds of up to $3.0 million (the “Offering”). Each Unit will be comprised of one Common Share
and one-half Common Share Purchase Warrant. Each Warrant will entitle its holder to acquire one Common
Share at a price of $0.55 for a period of 24 months from the Closing Date. The Units will be issued pursuant
to exemptions from the prospectus requirements in accordance with NI 45-106. The securities underlying
the Units will be subject to a 4-month statutory hold period in accordance with applicable Canadian
securities laws.
Edward Gosselin, CEO and Director of Kobo commented: “After the completion of the diamond drilling
program in 2024 and 2025, we look forward to expanding our exploration efforts at our Kossou Gold Project
in the second half of 2025. Following the expected closing of this financing, the additional capital will enable
us to enhance our current exploration initiatives in 2025 on our three main targets, for the Kossou Gold
Project.”
The Company intends to use the net proceeds of the Offering to pursue its exploration initiatives initiated
in H1-2025 and extend the known zones of mineralisation at its three main targets, the Road Cut Zone,
Jagger Zone and Kadie Zone on the Kossou Gold Project, initiate preliminary metallurgical work and further
develop its ongoing soil geochemical and trenching survey at Kossou as well as to enhance the geological
exploration program on the Kotobi research permit and for general corporate and working capital purposes.
Closing of the Offering may occur in one or more closings with the first closing expected to occur on or
about August 28, 2025 and the final closing to occur no later than September 5, 2025 (the “Closing”), and
are subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals
including the approval of the TSX Venture Exchange.
The Units, Common Shares and Warrants have not been registered under the United States Securities Act
of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered
or sold to, or for the account or benefit of, persons in the “United States” or “U.S. persons” (as such terms
are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act
and all applicable U.S. state securities laws or compliance with an exemption from s uch registration
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requirements. This press release is not an offer to sell or the solicitation of an offer to buy the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration
under the securities laws of such jurisdiction.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire,
one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The
Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of
Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.
With over 18,500 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres
of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its
Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly
prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road
Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting
the stage for the next phase of systematic exploration and resource development.
Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position
in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains
committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective
gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an
experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange
under the symbol "KRI”. For more information, please visit www.koboresources.com.
Kobo’s common shares trade on the TSX Venture Exchange under the symbol "KRI”. For more information, please
visit www.koboresources.com.
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For further information, please contact:
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement on Forward-looking Information:
This news release may contain “forward-looking information” and “forward-looking statements” (collectively, “forward-
looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than
statements of historical fact, are forward-looking statements. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but
not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”,
“plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases
or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be
achieved) are not statements of historical fact and may be forward-looking statements, including statements related to
the Offering or to the exploration program of the Company. Forward-looking statements are necessarily based upon a
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number of estimates and assumptions that, while considered reasonable as at the date of this news release, are subject
to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to
differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and social uncertainties; the inherent risks involved win
the exploration and development of mineral properties; unanticipated costs and expenses; the delay or failure to receive
board, shareholder or regulatory approvals; and other risk factors listed from time to time in our documents filed with
Canadian securities regulators on SEDAR+ at www.sedarplus.ca. There can be no assurance that such statements
will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information
contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the
forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required
by law.