CALGARY, ALBERTA, February 27, 2025 – TheNewswire - Kairos Gold Inc. (“Kairos” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement of units (the “Units”) at a price of $0.20 per Unit. Closing involved the issuance of 6,825,000 Units for aggregate gross proceeds of $1,365,000 (the “Offering”). Each Unit is comprised of one (1) common share of the Company (each a “Common Share”) and one-half of a Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share in the capital of the Company ‎‎at a price of $0.35 per share at any time prior to 4:30 p.m. ‎‎(Calgary time) on the date that is thirty-six (36) months from the date of issuance of the Warrants. ‎ The Warrants include an acceleration provision whereby if the Common Shares are listed and trade at a price greater than $0.65 for a period of 10 trading days, Kairos may accelerate the expiry of the Warrants.

 

In connection with the closing of the Offering, Kairos paid cash commissions to qualified non-related parties in the aggregate amount of $65,250 and issued an aggregate of 326,250 broker warrants (the "Broker Warrants"). Each Broker Warrant entitles the holder to acquire one Common Share at a price of $0.20 per Broker Warrant for a period of one (1) year from the date of issuance.

 

Following the positive drilling results reported by the Company on January 28, 2025, Kairos intends to use a portion of the net proceeds to fund a follow-up drill program on the Company’s Las Garillas property as well as for general and administrative expenses, payment obligations related to the Company's properties, and for general working capital requirements.

 

Commenting on completion of the Offering, Michelle DeCecco remarked: “We are thrilled with the overwhelming support from our subscribers, which allowed us to close $315,000 above the TSXV’s minimum requirement. We are working diligently to complete the listing and undertake further exploration activities on our Chilean gold properties”.

  

ABOUT KAIROS GOLD INC.

 

Kairos Gold intends to strategically develop a property portfolio spanning 22,433 hectares across five projects in Chile, positioned within the prolific Chilean mega porphyry belt known for its rich deposits of gold, silver, and copper. The Company looks forward to continuing to report on exploration advancements on its property portfolio in this mineral-rich region.

To find out more about Kairos Gold, please contact Michelle DeCecco, Director via email: michelle@lithiumchile.ca, by phone: 403-390-9095. or Steven Cochrane, Director via email: steve@lithiumchile.ca. Additional information about Kairos Gold may be found in its continuous disclosure documents filed with Canadian securities regulators on SEDAR+ at www.sedarplus.ca

   

NOT FOR RELEASE IN THE UNITED STATES OF AMERICA

 

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States. Any securities referred to herein have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") and may not be offered or sold in the United States or to or for the account or benefit of a U.S. person in the absence of such registration or an exemption from the registration requirements of the 1933 Act and applicable U.S. state securities laws.

 

Forward Looking Statements

This news release may contain certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "expected", "anticipated", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. In particular, this news release contains forward-looking statements relating to, among other things: the use of proceeds of the Offering. Such forward-looking statements are based on various assumptions and factors that may prove to be incorrect, including, but not limited to, factors and assumptions with respect to: the general stability of the economic and political environment in which the Company operates; the timely receipt of required regulatory approvals; the ability of the Company to obtain future financing on acceptable terms; currency, exchange and interest rates; operating costs; the success the Company will have in exploring its prospects and the results from such prospects. You are cautioned that the foregoing list of material factors and assumptions is not exhaustive. Although the Company believes that the assumptions and factors on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive there from. Actual results could differ materially from those currently anticipated due to a number of factors and risks including, but not limited to: fluctuations in market conditions, including securities markets; economic factors; the risk that the  private placement will not be completed as anticipated or at all, including the risk that the Company will not receive the necessary regulatory approvals including final approval from the TSX Venture Exchange for the listing of the Company’s Common Shares. The Company does not undertake to update any forward-looking statements herein, except as required by applicable securities act requirements.