Kalo Gold Corp. announced that it expects to receive CAD 1.5 million in funding from Ascentas Capital Management Limited and other investor

Kalo Gold Corp. announced a non-brokered private placement of up to 50,000,000 common shares at a price of CAD 0.03 per share for the gross proceeds of CAD 1,500,000 on June 10, 2024. The offering is subject to TSXV approval.

The shares issued in connection with the offering will be subject to a four-month hold period, in accordance with applicable securities laws. The transaction will include participation from new investor, Ascentas Capital Management Limited for CAD 1,084,662 to acquire 19.9% stake in the company.