On March 29, 2023, Kobo Resources Inc. (“Kobo”), a gold exploration company operating in Ivory Coast, completed its previously announced qualifying transaction which consisted of a reverse take-over of Meteorite Capital Inc. (“Meteorite”)
In connection with the reverse take-over, Kobo and Meteorite completed a private placement by issuing subscription receipts at a price of $0.25 per subscription receipt, to which Leede Jones Gable Inc., a Canadian investment dealer, acted as lead agent (the “Agent”), raising gross proceeds of $4,676,400. In consideration for the services of the Agent, Kobo and Meteorite paid a cash commission and issued unit warrants to the Agent.
Meteorite changed its name to “Kobo Resources Inc.” and its common shares are trading on the TSX Venture Exchange under the symbol "KRI".
A Fasken team composed of Frank Mariage, Jean-Philippe Côté, Damien Hallé-Hannan and Vincent Maltais advised Leede Jones Gable Inc. in this matter.
Jurisdiction
- Québec
