Vancouver, British Columbia — January 16, 2026 — Leads & Copy — Waraba Gold Limited has announced the closing of the second and final tranche of its private placement, securing gross proceeds of $700,000. The financing included $630,000 in debt settlements with debenture holders to preserve the company’s cash.
The company issued 10,000,000 pre-funded warrants at a price of $0.07 per warrant, according to a press release.
The pre-funded warrants are conditional and cannot be exercised until disinterested shareholders approve the proposed securities offering. This approval must meet the thresholds outlined in the policies of the CSE, as required by CSE Policy 4.6(2)(a)(i)(2).
If disinterested shareholder approval is not obtained, the pre-funded warrant holders can redeem their warrants for debentures. The principal amount of these debentures would equal the total price attributed to the warrants held.
All securities issued in the final tranche and debt settlements are subject to a four-month and one-day holding period, as per CSE policies and applicable securities laws.
Waraba Gold intends to use the funds raised in the final tranche to meet commitments under its earn-in arrangements for the Ivory Coast Projects and for general working capital.
The company will hold its annual general and special meeting on Monday, February 23, 2026, at 10:00 a.m. (Toronto time). The meeting will take place at the offices of Garfinkle Biderman LLP in Toronto.
Shareholders registered as of January 16, 2026, are eligible to receive notice of the meeting and vote. Meeting materials will be available on SEDAR+.
Waraba Gold is a resource exploration company focused on acquiring and exploring mineral properties. It is a reporting issuer in British Columbia and Alberta. The company’s shares are traded on the CSE under the symbol “WBGD” and on the Frankfurt Stock Exchange under the symbol “ZE0”.
Carl Esprey is the Chief Executive Officer and Director of Waraba Gold Limited.
Carl Esprey
Chief Executive Officer and Director
Telephone: +1 312 235 2605
Email: cesprey@warabagold.com
Source: Waraba Gold Limited
