Kobo Resources Inc. files preliminary prospectus for


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MONTREAL, November 26, 2021 (GLOBE NEWSWIRE) – Kobo Resources Inc. (“Kobo“or the”company“) is pleased to announce that it has filed with the securities regulatory authorities of the provinces of British Columbia, Alberta, Ontario and Quebec, and obtained a visa for a detailed prospectus provisional (the “Preliminary prospectus“) for an initial public offering of shares (the”Offer”) For a minimum total gross proceeds of $ 5,000,000 and up to a maximum total gross proceeds of $ 10,000,000. Each unit consists of one common share of the Company and one half of a subscription warrant for the common share of the Company. The number of units for sale and the unit price have not yet been determined.

The Offering will be made on the basis of the “best efforts” of Echelon Wealth Partners Inc. (the “”Agent“). The Company has granted the Agent an over-allotment option allowing it to purchase up to an additional number of Units representing 15% of the number of Units sold under the Offering.

The Preliminary Prospectus contains important information relating to Kobo, the units and the Offering and is still subject to further development or modification. Copies of the preliminary prospectus are available on SEDAR at www.sedar.com. There will be no sale or acceptance of an offer to purchase units until a visa for the final prospectus has been issued.

No securities regulatory authority has approved or disapproved of the contents of this press release. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Kobo in any jurisdiction in which such an offer, solicitation or sale would be illegal.

Kobo will apply to list its common shares on the TSX Venture Exchange (“TSXV“). Listing is subject to Kobo fulfilling all TSXV listing requirements.

The TSX Venture Exchange has in no way approved or disapproved of the contents of this press release. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this press release.

The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act“), or any state securities law, and may not be offered, sold or delivered, directly or indirectly, in the United States (as defined in Regulation S under the US Securities Act). Accordingly, the securities may not be offered or sold in the United States unless they are registered under the US Securities Act and applicable state securities laws or in accordance with exemptions from the registration requirements of the US Securities Applicable State Act and Securities Laws.

About Kobo

Incorporated in December 2015 and based in Quebec, Kobo is a junior mining exploration and development company focused on the acquisition, exploration and development of gold projects located in West Africa, mainly in Côte d’Ivoire. . Kobo, through its wholly owned subsidiary KOBO CI Resources, obtained two gold exploration licenses covering approximately 449 km2. Kobo’s main objective is the exploration and development of the Kossou Project, located in the Yamoussoukro and Bouaflé regions in central Côte d’Ivoire, and which covers an area of ​​147.365 km2. The Kossou project is located 6 km east of the Yaouré gold deposit operated by Perseus Mining since March 2021.

Forward-looking statements

This press release may contain forward-looking statements that reflect management’s current expectations regarding future events. Forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected in this document. Kobo assumes no obligation to update these forward-looking statements, except as required by applicable securities laws.

For more information, please contact:
Investor Relations
Edouard Gosselin, CEO
[email protected]


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