Kalo Gold Completes $12.45 Million Financing to Advance Exploration

Kalo Gold Corp., a gold exploration company based in Vancouver, has successfully closed its final tranche of a non-brokered private placement, raising a total of $12.45 million. This significant funding is aimed at advancing the company's Vatu Aurum Project in Fiji. The financing included the issuance of 38,920,275 units at $0.32 per unit, each consisting of one common share and one-half of a warrant. The warrants are exercisable at $0.50 for three years, with conditions for accelerated expiration.

The proceeds from the offerings will be used for drilling, exploration, and corporate purposes. The company's President and CEO, Terry L. Tucker, expressed gratitude for the shareholder support and outlined plans for further exploration activities in 2026. Kalo Gold is committed to unlocking the potential of its epithermal gold targets in a geologically promising area.