Kalo Gold Corp. Upsizes Private Placement Amid Strong Market Demand

VANCOUVER, BC — Kalo Gold Corp. (TSXV:KALO), a Vancouver-based company specializing in gold exploration and mining, has announced a significant increase in its non-brokered private placement. Originally set at $2,000,000, the offering has been upsized to $4,521,750 due to substantial market demand. This development was reported by multiple financial news sources on April 30, 2025.

The upsized offering will consist of up to 90,435,000 units, each priced at $0.05. Each unit comprises one common share in the capital of Kalo Gold Corp. and one common share purchase warrant. The warrants allow holders to purchase an additional share at an exercise price of $0.08 per share over the next 24 months. Notably, the expiry date of these warrants may be accelerated if the volume-weighted average trading price of the shares on the TSX Venture Exchange exceeds $0.15 for 20 consecutive trading days.

This strategic move aims to bolster Kalo Gold Corp.’s financial position, supporting its ongoing exploration and development projects in Canada. The company, which operates exclusively within the country, continues to focus on expanding its gold projects.

As of April 28, 2025, Kalo Gold Corp.’s shares closed at $0.055, with a 52-week high of $0.08 and a low of $0.02. The company’s market capitalization stands at approximately 10,570,000 CAD, with a price-to-earnings ratio of -3.63, reflecting its current financial metrics.

For further details on Kalo Gold Corp.’s activities and initiatives, interested parties can visit their website at www.kalogoldcorp.com or follow their trading activities on the TSX Venture Exchange.