Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Koulou Gold Corp. ("Koulou Gold" or the "Company") is pleased to announce it has closed a non-brokered private placement (the "Private Placement") to raise aggregate gross proceeds of $13,041,529 through the sale of 31,051,260 shares (the "Shares") priced at $0.42 per Share in three tranches completed April 17, 2025, April 25, 2025 and May 15, 2025.
The Shares will not be listed on any exchange and are subject to an indefinite hold period as set out in National Instrument 45-102 – Resale of Securities. All funds are denominated in Canadian dollars.
The Company paid aggregate cash finder's fees of $306,157 and issued 207,470 common shares of the Company at a price of $0.42 per share to certain finders, including Haywood Securities Inc. and 3L Capital Inc., in respect with portions of the Private Placement.
Proceeds from the Private Placement will fund exploration at the Company's Cote d'Ivoire projects as well as new business development and general working capital.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Alex Ruggieri, CEO and Director of Koulou Gold, states, "We are very pleased to welcome all new shareholders and partners. This financing is a strong endorsement of the quality of our team, our assets, and our long-term vision. With a fully funded exploration program and a robust pipeline of targets across Côte d'Ivoire, 2025 is shaping up to be a transformational year for Koulou Gold. We're excited to accelerate our efforts on the ground and unlock the full potential of our projects."
2025 Exploration Plan
Koulou has budgeted an aggressive exploration plan for 2025 focusing on advancing each of its key projects.
Assuéfry Project (PR 0967, 335.88km²)
Located adjacent to Endeavour Mining's 4.1Moz Assafou discovery, the Assuéfry Project hosts two significant robust in-situ high-grade (>100 ppb) historical soil anomalies overlying geology and structures analogous to the neighboring Assafou deposit. The 2025 program includes:
Soil Sampling Program (~13,000 samples)
- Regional Grid: 50m x 600m spacing to cover broader structural trends
- Infill Grid: 50m x 200m spacing in anomalous areas for higher resolution targeting and potential extents
Geophysical Surveys
- Airborne Magnetics: 50m line spacing to aid in delineating structures
- Ground Induced Polarization (IP): 50m line spacing placed perpendicular to soil trends and structures observed in the magnetic map to aid in defining lithological contacts and depth of mineralization
Drilling Program (Up to 20,000m)
- Diamond Program: Targets to be defined based on combined geochemical and geophysical results testing over 14km of prospective strike length
Sakassou Project (PR 0944, 396.91km²)
Sakassou is underlain by a highly-strained clastic sedimentary rock package, minor intermediate volcanics and voluminous granitic intrusions. Sakassou contains multiple mineralized zones defined by drilling, including the Bravo zone with a current surface expression of 1.3km by up to 160m and previous drilling results of 33.0m at 2.38 g/t Au (BWRC-014). The 2025 exploration program includes:
Drilling Program (Up to 18,000m)
- Auger Program (up to 8,000m): Refine future RC program by "rooting" soil anomalies by testing structures observed in the detailed magnetic maps
- RC Program (up to 5,000m): Follow up on targets defined by the auger program and previous drill results, including testing the along-strike continuity of the Bravo West trend
- DDH Program (up to 5,000m): Focused on testing the vertical extensions (up to 300m) of known mineralization at Bravo and fold plunges
Kouto Project (PR 916, 298.46km²)
Kouto is underlain by a highly-strained volcano-sedimentary package and voluminous granitic intrusions belonging to the Sayama Greenstone Belt and is adjacent to and along strike from Aurum Resources' 1.6Moz Au Boundiali project (see Aurum Resources press release dated December 30, 2024). Koulou Gold successfully generated and advanced the Kouto project from a greenfield prospect with no existing data, to a 10km x 5km gold-in-soil anomaly through a systematic, and phased approach. The 2025 exploration program includes:
- Infill Soils: Completed
- Airborne Geophysics: Completed
- Western Infill Soil Grid: 25m x 800m western soil grid infilled to 200m line spacing to confirm and better define anomalies
- IP Survey: gradient and pole-dipole IP/resistivity grids will be placed over the most anomalous trends within the 10km x 5km gold-in-soil anomaly
- RC Program (up to 5,000m): Targets defined from soil, IP and drone mag data
Bokro Project (PR 0975, 399.88km²)
Bokro sits along a major north-south structure which seems to be spatially associated with Endeavour's Lafigue mine and Many Peak's Ferke project. There are no known historical results on the project, so in 2025 Koulou plans to advance the project using a systematic, phased exploration strategy including the following:
- Stream Sediment Survey: Completed
- Soil Sampling: Depending on the results of the stream sediment sampling campaign, 5,000 soil samples on a 50m x 800m grid to test anomalous catchments
- Geophysics: Contingent on soil results
Exploration Business Development
A significant portion of the capital raised will be allocated to business development initiatives, including staking new permits and ongoing project evaluations and acquisitions. Koulou Gold also plans to initiate exploration activities in Ghana as part of its broader West African growth strategy.
Qualified Person
Dr. Arnaud Fontaine, P.Geo. (APGO no. 3570), PhD., and a Qualified Person as defined under National Instrument NI43-101, has reviewed and approved the scientific and technical information in this press release.
About Koulou Gold Corp.
Koulou Gold Corp. is a private mineral exploration company incorporated under the laws of the Province of British Columbia and based in Vancouver, British Columbia, Canada. Koulou Gold's focus is early to advanced-stage exploration in West Africa. The Company currently holds an option to earn up to 100% interest in the Sakassou Project in central Côte d'Ivoire, and an additional exploration licence in the well-endowed Syama – Boundiali greenstone belt in northern Côte d'Ivoire.
For more information about Koulou Gold Corp., please visit www.koulougoldcorp.com.
On behalf of Koulou Gold Corp.
Désiré Aboukan, President and Director
For further information, please contact:
Alex Ruggieri, CEO
alex@koulougoldcorp.com
+1 778 888 4986
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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