Ressources Kobo Inc. announces a private placement of up to $4.5 million and obtains a significant order

May 16, 2024•over 1 year ago

Amount Raised

$4.5 Million

Round Type

seed

Quebec CityMining

Investors

Mota Engil Sgps, S.A.Luso Global Mining, S.A.

Description

Ressources Kobo Inc. has announced a private placement of a maximum of 12,857,143 units at a price of $0.35 per unit, with gross proceeds of up to $4.5 million. Luso Global Mining, S.A. has confirmed its intention to participate as a lead investor for an amount of up to $3.75 million, representing up to 9.99% of the company's outstanding common shares at the placement's closing.

Company Information

Company

Kobo Resources

Location

Quebec City, Quebec, Canada

About

Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

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