Looks like it's going ahead.

KO Gold Announces Acquisition

February 23, 2024 5:15 PM EST | Source: KO Gold Inc.

Toronto, Ontario--(Newsfile Corp. - February 23, 2024) - KO Gold Inc. (CSE: KOG) ("KO Gold" or the "Company") is pleased to announce that, further to its press release dated February 15, 2024, the Company has acquired (the "Acquisition") two exploration permits (EP) located in the Otago Gold District of New Zealand (the "Property"). The Acquisition was completed pursuant to an arm's length exploration permit acquisition agreement (the "Acquisition Agreement") dated February 15, 2024 with NewPeak Metals Ltd. ("NewPeak Metals") and NewPeak NZ Ltd. (together with NewPeak Metals, the "Vendors") and Neil Stuart (the "Recipient").

As partial consideration for the Property, the Company has issued the Recipient and the Vendors an aggregate of 595,238 common shares (each, a "Common Share") in the capital of the Company at a deemed issuance price of $0.42 per Common Share.

All Common Shares issued pursuant to the Acquisition will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

Completion of the sale and purchase of the Property is also subject to and conditional upon NZP&M and the Minister approving the transfer of the Property from the Vendors to the Purchaser in accordance with the New Zealand Crown Minerals Act.