Kobo Resources Closes Second and Final Tranche of the Upsized Non- Brokered Private Placement for Gross Proceeds of over $3.96 Million
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PRESS RELEASE SEPTEMBER 15, 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 Closes Second and Final Tranche of the Upsized Non-
Brokered Private Placement for Gross Proceeds of over $3.96 Million
QUEBEC CITY, QC – Kobo Resources Inc. (“Kobo” or the “Company”) (TSX.V: KRI) is pleased to
announce that it has closed the second tranche of its previously announced and upsized non-brokered
private placement of units (the “Units”) for gross proceeds of $1,444,875 (the “Offering”). Under the second
tranche of the Offering, 4,816,250 Units were issued at a price of $0.30 per Unit. Together with the first
tranche of the Offering, for which closing occurred on September 10, the Company raised aggregate gross
proceeds of $3,961,354.80 under the Offering.
Edward Gosselin, CEO and Director of Kobo commented: “Again, we are extremely pleased with the
overall interest of investors which have subscribed to our upsized non -brokered financing and the
confidence placed in Kobo’s exploration and project development strategy. Furthermore, LUSO Global
Mining has participated in this second tranche of financing as well to maintain its 9.9% interest in the
Company.”
3L Capital and Integrity Capital Group (together, the “Advisors”) acted as financial advisors in connection
with the Offering.
Each Unit consists of one common share of the Company (a “Common Share”) and one-half of one
common share purchase warrant (each whole common share purchase warrant , a “Warrant”). Each
Warrant entitles its holder to acquire one Common Share at a price of $0.55 per share until September 10,
2027.
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.
The Units were issued pursuant to the “accredited investor” exemption from the prospectus requirements
in accordance with National Instrument 45-106 – Prospectus Exemptions. The securities issued under the
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first tranche of the Offering are subject to a statutory hold period until January 13, 2026 in accordance with
applicable Canadian securities laws.
The Company compensated certain finders by paying cash commissions equal to an aggregate amount of
$15,120 and by issuing 50,400 broker warrants (the “Broker Warrants”). In addition, the Company paid
advisory fees to the Advisors in an aggregate amount of $45,000 and issued 150,000 advisor warrants
(together with the Broker Warrants, the “Compensation Warrants”). Each Compensation Warrant is
exercisable until September 10, 2027, at an exercise price $0.30 per share.
The Units and underlying 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 such
registration 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.
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For further information, please contact:
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
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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 contains “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 and are based on expectations, estimates and projections
as at the date of this news release. 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 exploration
program of the Company. Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, 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; and the delay or failure to receive requisite approvals. 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, the Company assumes no obligation to
update the forward-looking statements.