on Kalo Gold Corp. (CVE:KALO)
Kalo Gold Corp. Raises $5.88 Million Through Equity Financing
Kalo Gold Corp. has announced the successful completion of a $5.88 million equity financing round, with significant contributions from Silvercorp Metals Inc. and Crescat Capital LLC. Silvercorp's participation amounted to $1.5 million during a private placement, while Crescat made a strategic investment of $500,000.
The financing was oversubscribed, totaling $5.38 million from the private placement, signaling robust institutional interest. Directors and officers of Kalo Gold also participated, contributing $120,000.
The funds raised will be allocated to the advancement of diamond drilling at key epithermal gold targets, along with regional development initiatives. Kalo Gold is also enhancing its strategic collaborations through advisory partnerships with 3L Capital and Greenwood Capital for broader investor outreach.
R. E.
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