Fundz

Kalo Gold Announces Closing Of $2 Million Brokered Private Placement Financing

PUBLIC · KLGDFDec 10, 2021

Amount Raised

$2 Million

Round Type

Seed

VancouverNatural ResourcesMining

Description

KALO GOLD CORP. (TSXV:KALO) ("Kalo", "Kalo Gold", or the "Company"), is pleased to announce that further to its news release dated November 9, 2021, the Company has closed its brokered private placement of common shares (the "Shares") for gross proceeds of $2 million (the "Private Placement"). Cormark Securities Inc., acted as sole agent (the "Agent") in the Private Placement pursuant to an agency agreement dated December 10, 2021 between the Company and the Agent.

Quick answer

Kalo Gold raised $2 Million in a Seed round, dated December 10, 2021. Kalo Gold is based in Vancouver, British Columbia, Canada.

How much did Kalo Gold raise?
Kalo Gold raised $2 Million in a Seed round on December 10, 2021.
What does Kalo Gold do?
Kalo Gold Corp. is a mineral exploration company focused on the Vatu Aurum Gold Project on Fiji’s north island - Vanua Levu.
Where is Kalo Gold based and how big is it?
Kalo Gold is based in Vancouver, British Columbia, Canada. Fundz records about 11 employees.
Who are the decision-makers at Kalo Gold?
Fundz holds 1 contact at Kalo Gold. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Natural Resources and Mining around the same time

Companies in the same sectors as Kalo Gold that raised within 45 days of this round, from Fundz verified event records.

  • i-80 Gold Corp. raised an undisclosed amount (Funding Round) on December 14, 2021.
  • TeraWulf raised $200M (Funding Round) on December 2, 2021.
  • i-80 Gold Corp. raised $54M on October 28, 2021.
  • Summa Silver raised $6M (Post-IPO Equity) on January 21, 2022.
  • Ellomay Capital raised an undisclosed amount (Funding Round) on January 21, 2022.
  • Aero Energy Limited raised $126K (Pre-Seed) on January 20, 2022.

Who to call at Kalo Gold, and when

A new round usually means Kalo Gold is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Kalo Gold

Location

Suite 1507, 1030 West Georgia St.

Vancouver, British Columbia, Canada

About

Kalo Gold Corp. is a mineral exploration company focused on the Vatu Aurum Gold Project on Fiji’s north island - Vanua Levu. Kalo holds two mineral exploration licenses over 36,700 hectares of land and on trend with many of the largest gold deposits in the world.

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