Kobo has, through its wholly owned subsidiary KOBO Ressources C.I., obtained two research permits for gold covering approximately 449 km 2. Incorporated in December 2015 and headquartered in Quebec City, Kobo is a junior exploration and mining development company focused on acquiring, exploring and developing gold projects located in West Africa, primarily in Côte d’Ivoire. Securities Act and applicable state securities laws. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Accordingly, the Corporation’s securities may not be offered or sold within the United States unless registered under the U.S. Securities Act”), or any state securities laws, and may not be offered, sold or delivered, directly or indirectly, in the United States (as defined in Regulation S under the U.S. The Corporation’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ U.S. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. The TSXV has neither approved nor disapproved the contents of this news release. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Kobo in any jurisdiction in which such offer, solicitation or sale would be unlawful. No securities regulatory authority has either approved or disapproved the contents of this news release. The net proceeds of the Offering will be used to fund the planned exploration program at the Corporation’s Kossou Gold Project, exploration activities at its Bongouanou Project, working capital and general corporate purposes, as set out in the Final Prospectus. The Common Shares are expected to commence trading on the TSXV under the symbol “KRI” on the closing date of the Offering. Listing is subject to the approval of the TSXV in accordance with its original listing requirements including Kobo’s fulfilling customary TSXV requirements. The TSX Venture Exchange (the “ TSXV”) has conditionally approved the listing of the Common Shares, including those to be issued and sold pursuant to the Offering. The closing of the Offering is expected to occur on or about Apand is subject to customary closing conditions, including the receipt of all necessary regulatory approvals. Copies of the Final Prospectus, technical report NI 43-101 and marketing materials are available on SEDAR at Article content The Final Prospectus contains important information relating to Kobo, the Units and the Offering. The Corporation has granted the Agents an over-allotment option to purchase up to such additional number of Units, Warrants, Common Shares, or a combination thereof, as is equal to 15% of the Units offered and sold in the Offering exercisable in whole or in part at any time for a period of 30 days after and including the closing of the Offering. as lead agent on behalf of a syndicate of agents that includes Laurentian Bank Securities and Leede Jones Gable Inc. The Offering will be conducted on a “best efforts” basis by Echelon Wealth Partners Inc. Each whole Warrant entitles the holder to purchase one Common Share for a purchase price of $0.40 per Common Share for a period of three years from the closing of the Offering. The number of Units to be sold pursuant to the Offering has not yet been determined.Įach Unit consists of one common share of the Corporation (a ” Common Share”) and one-half of one Common Share purchase warrant of the Corporation (a “ Warrant”).
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