Ms. Michelle DeCecco reports
KAIROS GOLD ANNOUNCES UPSIZED PRIVATE PLACEMENT
Due to strong investor demand, Kairos Gold Inc. has increased the size of the non-brokered private placement of units previously announced on June 23, 2026.
The offering, which was originally planned to raise gross proceeds of up to $6-million, has been increased by approximately $3,824,000 and now consists of up to 16,373,902 units at a price of 60 cents per unit, for aggregate gross proceeds of up to $9,824,341.20.
Each unit will consist of one common share of the company and one-half of a common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at a price of 88 cents for a period of two years from the date of closing. The company may accelerate the expiry of the warrants if the common shares trade on the TSX Venture Exchange or any other stock exchange on which they are then listed at a price of at least $1 per common share for 10 consecutive trading days, subject to the terms of the warrants.
Kairos Gold may pay a cash commission or finder's fee to qualified arm's-length parties of up to 6 per cent of the gross proceeds of the offering, together with warrants equal to 6 per cent of the common shares issued in connection with the offering. Each finder's warrant is non-transferable and will entitle the holder to purchase one additional common share at a price of 60 cents for a period of 12 months following the closing of the offering.
The proceeds of the offering will be used to finance a phase 1 exploration and drilling program at the company's Carmona project. Exploration activities at Carmona are expected to commence immediately following completion of the phase 3 exploration program currently under way at Las Garillas, Oro Brillante, project, located approximately seven kilometres from Carmona. A portion of the proceeds may also be allocated to expand the current exploration program should the results warrant additional work.
Through the exploration programs at Carmona and Oro Brillante, the company aims to systematically evaluate and better define the gold mineralizing systems within the district.
The proceeds will also be used for general working capital purposes, including expenses related to the offering. All exploration activities remain subject to final program planning, receipt of required permits and approvals, and customary operational considerations.
The common shares, warrants and finder warrants issued pursuant to the offering will be subject to a statutory hold period of four months and one day. The offering remains subject to the approval of the TSX-V.
About Kairos Gold Inc.
Kairos Gold is focused on advancing a portfolio of mineral exploration properties comprising 17,201 hectares across three projects in Chile. The projects are positioned within the prolific Chilean megaporphyry belt, which is known for its large-scale gold, silver and copper deposits.
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