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Toronto, Ontario--(Newsfile Corp. - April 10, 2025) - KO Gold Inc. (CSE: KOG) ("KO Gold" or the "Company") is pleased to announce that it has issued convertible promissory notes for aggregate proceeds of C$200,000 (the "Convertible Notes"), pursuant to the loan agreement entered into on March 31, 2025, as announced on April 2, 2025.
The Convertible Notes 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 Lender's option) on the same terms as the private placement announced on March 27, 2025.
Further details regarding the loan agreements and terms of the Convertible Notes, including use of proceeds and security granted were previously disclosed in the Company's news release dated April 2, 2025. All securities issued pursuant to the Convertible Notes will be subject to a statutory hold period of four months and one day from the date of issuance.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Qualified Person Statement
All scientific and technical information contained in this news release was prepared and approved by Paul Ténière, P.Geo., Vice President of Exploration and Director of KO Gold, and a Qualified Person as defined by NI 43-101.
About KO Gold Inc.
KO Gold is a Canadian junior exploration company listed on the CSE under "KOG". The Company's strategy is to acquire and explore highly prospective gold properties within the Otago Gold District in New Zealand. KO Gold has eight 100%-owned prospecting and exploration permits within the Otago Gold District for a combined land package of 740 km2. The Company's Smylers and Glenpark EPs are located adjacent to OceanaGold's Macraes Gold Mine and the Carrick EP hosts the historic Carrick Goldfield which holds promise as a significant gold deposit near Santana Minerals' Bendigo-Ophir Gold Project. KO Gold has spent over C$3M in exploration and drilling on its permits in the Otago Gold District over the past five years including RC and diamond drilling on its Smylers EP.