NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / March 11, 2024 / Kubera Gold Corp. (the “Company“) (TSXV:KBRA) is pleased to announce that it has completed its initial public offering (the “Offering“) of 3,000,000 common shares (“Common Shares“) in the capital of the Company at a price of $0.25 per Common Share for gross proceeds of $750,000, pursuant to a final prospectus of the Company dated December 18, 2023 and filed in each of the provinces of British Columbia, Alberta and Ontario (the “Prospectus“). On closing of the Offering, a total of 9,591,920 Common Shares were issued and outstanding, of which 1,200,000 Common Shares are currently held in escrow pursuant to National Policy 46-201 – Escrow for Initial Public Offerings, as disclosed in the Prospectus.
The net proceeds of the Offering are expected to be used by the Company for exploration…
