Kalo Gold Holdings (TSE:KALO) has released an update.
Kalo Gold Corp. has completed the final tranche of its non-brokered private placement, raising $213,116.49 through the issuance of over 7 million shares. The funds raised are primarily allocated for the exploration of the company’s Vatu Aurum Project in Fiji, with a smaller portion designated for general working capital and marketing. This strategic move underpins Kalo Gold’s commitment to advancing its gold exploration efforts within the resource-rich Pacific ‘Ring of Fire’.
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