KO Gold Announces $200,000 in Convertible Loan Agreements in Addition to Previously Announced $2,000,000 Private Placement
Summary
Toronto, Ontario--(Newsfile Corp. - April 2, 2025) - KO Gold Inc. (CSE: KOG) ("KO Gold" or the "Company") is pleased to announce that it has entered into convertible loan agreements for aggregate proceeds of C$200,000 (the "Convertible Loans"), in addition to its previously announced non-brokered private placement of up to 10,000,000 units ("Units") at a price of C$0.20 per Unit for gross proceeds of up to C$2,000,000 (the "Private Placement").The Convertible Loans were pursued as a complementary source of short-term financing. The Convertible Loans bear interest at a rate of 12% per annum and are due six months from the date of closing. At any time prior to maturity, the principal and accrued interest may be converted into Units of the Company (at the Lenders option) on the same terms as the Private Placement. As security, the Company has agreed to grant a fixed and floating charge over all of its present and future assets, undertaking, and property. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Funding
Review available funding amount, funding date, investors, and linked company information related to KO Gold Announces $200,000 in Convertible Loan Agreements in Addition to Previously Announced $2,000,000 Private Placement in the interactive ISVWorld profile.