VANCOUVER, BC — January 20, 2026 — Leads & Copy — Kalo Gold Corp. (TSXV:KALO) has completed the final tranche of its non-brokered private placement, raising total gross proceeds of $12,454,488. The company closed the final tranche of its Listed Issuer Financing Exemption (LIFE) offering, raising $473,688 through the sale of 1,480,275 units at $0.32 per unit. Concurrently, Kalo Gold closed the second tranche of its non-brokered private placement, generating $1,497,800 from the sale of 4,680,625 units at the same price.
According to the news release, the LIFE Offering and Concurrent Offering (Offerings) together generated $1,971,488. In total, Kalo Gold issued 38,920,275 Units in connection with the offering.
Each unit comprises one common share and one-half of a common share purchase warrant. Each warrant allows the holder to purchase one share at $0.50 for 36 months from the issue date. The warrant expiry date may be accelerated if the shares’ volume weighted average trading price on the TSXV exceeds $0.75 for 20 consecutive trading days. In such a case, the expiry date can be moved to 30 days following the company’s notice to warrant holders via a news release.
The LIFE Offering was conducted under the listed issuer financing exemption, as per Part 5A of National Instrument 45-106. Securities acquired under the LIFE Offering by Canadian residents are not subject to a hold period, although warrants are not exercisable within 60 days. Securities from the Concurrent Offering are subject to a four-month hold period.
Kalo Gold plans to allocate the net proceeds from the offerings to drilling and exploration activities at the Vatu Aurum Project, as well as for working capital, marketing, and general corporate purposes.
Finder’s fees of $209,046 were paid, and 1,260,261 finder’s warrants were issued in connection with the offerings’ tranches. Each finder’s warrant allows the holder to acquire one share at $0.50 for 36 months, under the same terms as the warrants issued in the Concurrent Offering.
An insider of Kalo Gold participated in the Concurrent Offering for approximately C$32,000. The issuance of units to this insider is considered a related party transaction under Multilateral Instrument 61-101. The company relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 because the transaction’s fair market value did not exceed 25% of the company’s market capitalization.
Terry L. Tucker, P.Geo., President and CEO of Kalo Gold Corp., thanked shareholders for their support and said that with the financing completed, the company looks forward to continuing exploration at the Vatu Aurum Project and will provide a comprehensive update on its 2026 exploration plans shortly.
Kalo Gold Corp. is a gold exploration company focused on epithermal gold deposits on its Vatu Aurum Project, located on Vanua Levu (North Island). Kalo holds 100% of two Special Prospecting Licenses covering 367 km², encompassing a regional back-arc basin with volcanic calderas. Historical and ongoing exploration has identified numerous priority epithermal gold targets.
Contact:
Kevin Ma, CPA, CA
Executive Vice President, Capital Markets and Director
info@kalogoldcorp.com
Source: Kalo Gold Corp.
