Kalo Gold Corp. Announces C$2 Million Private Placement

Kalo Gold Corp. has launched a non-brokered private placement of up to 40 million units, each priced at $0.05, aiming to raise C$2 million. Each unit includes one common share and one share purchase warrant, the latter exercisable at $0.08 for 24 months. The company plans to use these funds primarily for a diamond drilling program at its Vatu Aurum Project in Fiji, focusing on the Namalau, Loma, and Buca trends. The initiative requires approval from TSX Venture Exchange and includes a four-month hold period on units and warrants.

Kalo Gold intends to pay a 7% finder's fee in cash and warrants. The announcement excludes the United States due to securities regulations. Appointed financial adviser 3L Capital Inc. will support the transaction. Additionally, funds will support working capital and marketing efforts. The announcement outlines no offer to sell securities in the U.S.