Kalo Gold Expands Private Placement to $5.21 Million Due to High Demand

Kalo Gold Corp., a company focused on gold exploration, has announced an increase in its non-brokered private placement to $5.21 million, up from the initially planned $4.5 million. This expansion comes in response to strong market demand. The offering consists of up to 104,200,000 units at $0.05 per unit. The company closed the first tranche on May 12, 2025, raising $4,066,750, and plans to conclude the final tranche around June 25, 2025.

Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.08 within two years of issuance. If share prices exceed $0.15 for 20 consecutive days, the warrant expiry may be accelerated. The offering awaits TSXV approval and units will have a four-month hold period per securities laws.

The securities are not registered in the United States, and their offer is restricted from U.S. news distribution.