Kobo Resources Inc. ("Kobo” or the "Company")
(TSX.V: KRI) is pleased to announce that the nominees,
namely Paul Sarjeant, Frank Riccciuti, Patrick Gagnon, Jeff Hussey,
Charles R. Spector and Edouard Gosselin, presented in the
Management Information Circular dated May 1, 2023 for the Company’s
Annual and Special Meeting of Shareholders (the “Meeting”)
held on Monday, June 12, 2023 were elected as directors of the
Company.
All other items of business set forth in the Circular and
considered at the Meeting were passed by the shareholders of Kobo,
including the appointment of BDO Canada LLP as auditors for the
ensuing year. Kobo’s board would like to express its gratitude to
its shareholders for their continued support.
Options Grant
The Company announces that it has granted a total of 2,075,000
stock options (“Options”) to purchase common shares of the
Company to certain directors, officers, employees and consultants
pursuant to the Company’s 9.5% fixed stock option plan (the
“Company’s Stock Option Plan”). Such Options are exercisable
into common shares of the Company at an exercise price of
$0.30 per common share for a period of 10 years from the
date of grant as per the Company’s Stock Option Plan. Twenty-five
per cent (25%) of the Options vest every 3 months following their
grant date.
CEO Interview with Crux Investor
Mr. Edouard Gosselin, CEO and Director of Kobo, participated in
a sit-down interview with Matthew Gordon from Crux Investor to
discuss the Company's exciting new gold discovery at its Kossou
Gold Project in Cote d'Ivoire. As part of his presentation, Mr.
Gosselin also provided an update on the Company's future plans in
2023, including its fully funded maiden drill program as well as an
overview of future plans during the remainder of the year.
Watch the full interview here.
Investor Relations Consultant
The Company announces that it has retained the services of
Renmark Financial Communications Inc. (“Renmark”) to handle
its investor relations activities. Renmark was engaged to heighten
market and investor awareness for the Company and broaden the
Company’s reach within the investment community.
Renmark has been engaged for an initial 7-month period (the
“Initial Term”) which will commence on July 1, 2023. The
term will automatically continue after the Initial Term monthly,
unless terminated in accordance with the investor relations
agreement among the parties. As consideration for the services
rendered by Renmark, the Company will pay Renmark a monthly fee of
CAD$7,000 during the Initial Term. The Company and Renmark act at
arm’s length, and Renmark has no present interest, directly or
indirectly, in the Company or its securities, or any right or
present intent to acquire such an interest.
Renmark is a full-service investor relations firm representing
small, medium, and large cap public companies trading on all major
North American exchanges. Renmark facilitates connections between
their clients and key stakeholders in order to assist their clients
in efficiently achieving their milestones. Renmark has offices in
Toronto, Montreal, New York, and Atlanta.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with
a compelling new gold discovery in Cote d’Ivoire, one of West
Africa’s most prolific and developing gold districts, hosting
several multi-million-ounce gold mines. The Company’s 100%-owned
Kossou Gold Project is located approximately 20 km northwest of the
capital city of Yamoussoukro and is directly adjacent to one of the
region’s largest gold mines with established processing
facilities.
The Company is drilling to unlock the potential size and scale
of Kossou within 9+ km strike length of highly prospective gold in
soil geochemical anomalies with excellent rock and trench sampling
results. The Company’s 2023 exploration plan calls for over 8,000
meters of reverse circulation drilling with an immediate goal of
defining significant near surface zones of gold mineralisation.
Kobo offers investors the exciting combination of high-quality gold
prospects led by an experienced leadership team with in-country
experience.
Kobo’s common shares trade on the TSX Venture Exchange under the
symbol "KRI”. For more information, please visit
www.koboresources.com.
Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement on Forward-looking Information:
This news release contains “forward-looking information” and
“forward-looking statements” (collectively, “forward-looking
statements”) within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of
historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always
using phrases such as “expects”, or “does not expect”, “is
expected”, “anticipates” or “does not anticipate”, “plans”,
“budget”, “scheduled”, “forecasts”, “estimates”, “believes” or
“intends” or variations of such words and phrases or stating that
certain actions, events or results “may” or “could”, “would”,
“might” or “will” be taken to occur or be achieved) are not
statements of historical fact and may be forward-looking statements
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and
social uncertainties; and the delay or failure to receive board,
shareholder or regulatory approvals. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on the forward-looking statements and information
contained in this news release. Except as required by law, Kobo
assumes no obligation and/or liability to update the
forward-looking statements of beliefs, opinions, projections, or
other factors, should they change, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230621857504/en/
Edward Gosselin Chief Executive Officer and Director
1-418-609-3587 ir@kobores.com
Renmark Financial Communications Inc. Steve Hosein
1-416-644-2020 or 1-212-812-7680 shosein@renmarkfinancial.com
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