Announcement • Apr 09
Waraba Gold Limited announced that it has received CAD 4.5 million in funding On April 8, 2026, Waraba Gold Limited closed the transaction. Carl Esprey, Mamadou Coulibaly, Benjamin Gelber and Jose Teixeira, directors and officers of the Company, and Munster & Broad Limited, a company controled by Chris O'Connor, a director of the Company participated in the transaction. Announcement • Mar 13
Waraba Gold Limited announced that it expects to receive CAD 4 million in funding Waraba Gold Limited announces a non-brokered private placement to issue 13,333,333 units at a price of CAD 0.30 per unit for gross proceeds of CAD 4,000,000 on March 12, 2026. Each Unit shall consist of one common share and one Common Share purchase warrant of the Company. Each Warrant will entitle the holder thereof to acquire one additional Common Share at a price of CAD 0.45 per Additional Share at any time prior twenty-four months following the closing date. The Company may pay finders' fees to eligible finders in connection with the Offering, subject to compliance with applicable securities laws and Canadian Securities Exchange policies. All securities proposed to be issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the date of issuance. The Offering is subject to customary closing conditions and compliance with CSE policies. There can be no assurance that the Offering will be completed as proposed or at all. New Risk • Feb 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 107% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$1.9m). Shareholders have been substantially diluted in the past year (107% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$9.17m market cap, or US$6.71m). Announcement • Jan 17
Waraba Gold Limited announced that it has received CAD 2.231 million in funding On January 16, 2026, Waraba Gold Limited closed the transaction. The company issued 10,000,000 Pre-Funded Warrants at a price of CAD 0.07 per Pre-Funded Warrant for gross proceeds of CAD 700,000 in its second and final tranche. The Pre-Funded Warrants may not be exercised unless and until Disinterested Shareholders approve,by way of an ordinary resolution, the proposed securities offering that exceed the thresholds outlined in policies of the CSE, as required pursuant to the application of CSE Policy 4.6(2)(a)(i)(2).If disinterested Shareholder approval is not received, the Pre-Funded Warrant holder would be entitled to redeem their Pre-Funded Warrants for Debentures with the principal amount of such Debentures being equal to the aggregate price attributed to the Pre-Funded Warrants held by the holder. All securities issued in the Final Tranche are subject to a four-month and one-day period pursuant to the policies of the CSE and applicable securities laws. Board Change • Dec 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Chris O’Connor was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 21
Waraba Gold Limited, Annual General Meeting, Jan 09, 2026 Waraba Gold Limited, Annual General Meeting, Jan 09, 2026. Announcement • Sep 16
Waraba Gold Limited announced that it expects to receive CAD 0.1 million in funding Waraba Gold Limited announced a non-brokered private placement on September 15, 2025. The company will issue up to 5,000,000 common shares at a price of CAD 0.02 per share for gross proceeds of up to CAD 100,000. The Common Shares issued under the Private Placement will be subject to a statutory hold period expiring four months and one day from the date of issuance. Closing of the Private Placement may be completed in one or more tranches. Board Change • Aug 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Chris O’Connor was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Chris O’Connor was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Chris O’Connor was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 21
Waraba Gold Limited Appoints Mamadou Coulibaly to the Board of Directors Waraba Gold Limited announced that Mamadou Coulibaly has been appointed to the board of directors of the Company. Mamadou Coulibaly is a geologist with over 12 years experiences in mineral exploration. Mr. Coulibaly started work with Randgold and has worked with several professionals from various academic institutions including Kingston University and the University of Western Australia. Mr. Coulibaly has extensive knowledge and experience of the geology of the West African Birrimian. Board Change • Jan 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Chris O’Connor was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 01
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$219k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.2m free cash flow). Shares are highly illiquid. Negative equity (-CA$219k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.62m market cap, or US$1.13m). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). New Risk • Nov 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.2m free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.62m market cap, or US$1.16m). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Chris O’Connor was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 29
Waraba Gold Limited announced that it has received CAD 0.402897 million in funding On May 27, 2024, Waraba Gold Limited closed the transaction. The company has now issued 13,429,900 common shares at a price of CAD 0.03 per share for the gross proceeds of CAD 402,897. The Common Shares issued under the Private Placement will be subject to a statutory hold period expiring four months and one day from the date of issuance. Announcement • May 26
Waraba Gold Limited Announces Commencement of Drilling Campaign At the Fokolore Gold Project, West Mali, West Africa Waraba Gold Limited announced the commencement of a new drilling campaign over the past few days at its Fokolore Gold Project in West Mali, West Africa (also known as the Maligonga East Gold Project) and as further detailed in the Company's news release dated November 30, 2022. This drilling campaign - "Phase 1" of a planned three-phase drilling program - has been designed by Waraba's Chief Geologist, Mr. Mamadou Coulibaly, to extend the strike length of historic high-grade gold mineralization identified by RC drilling (including 8m@8.99g/t Au and 15m@5.06g/t Au) and rock chip sampling (including 95g/t, 3.5g/t, 3.84g/t, 1.18g/t, 1.23g/t and 1.37g/t Au) by 2.3km to 3.5km. During this "Phase 1" drilling program, the Company will carry out 76 priority reverse circulation drill holes (RC) averaging 120 meters in depth and 2,350 meters of rotary air blast drilling (RAB). Depending on the results of the previous phase of the drilling: · "Phase 2" drilling program will consist of 20,000m of reverse circulation drilling and 2,000m of diamond core drilling to provide initial estimates of the mineralization contained within the main areas of interest on the tenement; and · "Phase 3" will consist of regional drilling to increase confidence of in situ anomalies and identify additional target zones of gold mineralization that may warrant further drilling. Phase 1 drilling is expected to be completed within four to six weeks and results will be announced as they become available in the coming weeks. Recent images of the drilling activities are shown below, as further background for shareholders. Announcement • Jan 31
Waraba Gold Limited announced that it expects to receive CAD 0.5 million in funding Waraba Gold Limited announced a non-brokered private placement of up to 16,666,667 common shares in the capital of the corporation at a price of CAD 0.03 per share for the gross proceeds of CAD 500,000 on January 31, 2024. The Common Shares issued under the Private Placement will be subject to a statutory hold period expiring four months and one day from the date of issuance. The transaction will include participation from Carl Esprey to subscribe for 833,333 common shares in the private placement for an aggregate purchase price of CAD 25,000, by Esprey, and the participation of other insiders of the company, if any, in the private placement. The transaction is expected to close on or about the week of February 12, 2024, with closing and pricing thereof subject to the review and approval of the Canadian Securities Exchange. Board Change • Mar 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Chris O’Connor was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Chris O’Connor was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Chris O’Connor was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Chris O’Connor was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Chris O’Connor was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Director Chris O’Connor was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 08
Waraba Gold Limited announced that it has received CAD 5.6105 million in funding On May 7, 2021, Waraba Gold Limited (CNSX:WBGD) closed the transaction. The company issued 28,052,500 units for gross proceeds of CAD 5,610,500. Announcement • Jan 28
Waraba Gold Limited Provides Update on Fokolore Gold Project Waraba Gold Limited announced the results of its' compilation and interpretation of the available historical data at its' Fokolore Gold project in western Mali (also known as the Maligonga East Gold Project). A National Instrument 43-101 technical report compiling the historical field work and drill results at Fokolore is underway, and an announcement will be made on this shortly. In addition, a field program has been initiated as part of a systematic exploration program that is expected to consist of airborne geophysics, along with geochemical sampling, geologic mapping and drilling. The Maligonga-East gold project consists of an exploration license covering a surface area of 100 km² in the Kofi formation of the Daléma Basin, Western Mali - West Africa. Successive exploration works completed by BGRM, Ressources Robex Inc, Cluff Gold Plc and Fokolore Mining Sarl were professionally managed and procedures were consistent with generally accepted industry best practices. The exploration data from termite mounds, soils and rocks geochemistry sampling, geophysical survey, trenches and drilling are sufficiently reliable to confidently allow interpretation of the gold mineralization in the Maligonga-East property and planning of an extensive drilling program over existing gold deposits and in areas that have not been drill-tested. Early termite mounds geochemistry survey and trenches from BRGM in 1992, geophysical survey and RC drilling south of the Mamadouya target zone completed by Robex between 2007 and 2008, infill termite mounds geochemistry sampling, geophysical survey and extensive RC drilling by Cluff in the Mamadouya zone in 2012 and geological and structural mapping and interpretations, Auger and RC drilling completed by Fokolore between 2015 and 2018 resulted in the identification of the Mamadouya gold deposit of the Maligonga-East property and numerous others anomalous zones of gold mineralization targets. Drilling programs completed by Cluff and Fokolore intercepted high grade gold mineralization over the Mamadouya deposit including: MRC-18-001: 15 m at 5.06 g/t from 69 meters Incl. 4.0m at 15.40 g/t; MRC-18-007: 8.0m at 8.99 g/t from 58 meters and 2.0m at 5.04 g/t from 44 meters; MRC-18-043: 3.0m at 20.97 g/t from 74 meters Incl. 2.0m at 31.25 g/t; MRC-18-052: 3.0m at 4.51 g/t from 29 meters; MRC0002: 3.0m at 2,71 g/t from 32 meters; MRC0006: 3.0m at 8,77 g/t from 86 meters; MRC0017: 4.0m at 5,37 g/t from 90 meters; MRC0019: 2.0m at 4,5 g/t from 7 meters; MRC0021: 2.0m at 5,99 g/t from 18 meters; MRC0033: 2.0m at 3,37 g/t from 20 meters; MRC0051: 13 m at 2,66 g/t from 13 meters; MRC0052: 3.0m at 4,31 g/t from 32 meters; MRC0073: 7.0m at 6,06 g/t from 16 meters; MRC0079: 5.0m at 3,11 g/t from 19 meters; MRC0079: 4.0m at 3,58 g/t from 8 meters and 5m at 3,11 g/t from 19 meters; MRC0080: 7.0m at 4,51 g/t from 21 meters; MRC0097: 6.0m at 16,4 g/t from 0 meters. Additional geological and structural interpretations by BRG-Consult in 2020 determined the geological and structural setting of the area and the style of the gold mineralization, established a conceptual geological and structural model for the gold mineralization and identified the Mamadouya brittle-ductile shear zone that has a strong spatial correlation with the gold mineralization. The NNE-striking and steeply ENE-dipping reverse-sinistral strike-slip shear zone system controls the gold mineralization of the Mamadouya gold deposit and is identical to structures that host the nearby Siribaya (Iamgold Corp.), Kabaya (Roscan), Soro and Seko (Oklo Resources) gold deposits. Geological and structural interpretations by BRG-Consult demonstrated that the Mamadouya gold deposit is hosted in faulted and sheared contact between sedimentary successions of sandstone and siltstone of the Daléma Basin and suggested that the gold mineralization is structurally-controlled and occurs in deformed zones of large and highly hydrothermally altered, NNE-striking, ENE-steeply-dipping, structural corridors that contain a complex network of extensional dilation fracture systems. New high-grade gold mineralization (including 8m at 8.99g/t and 15.0m at 5.06g/t) in RC drilling by Fokolore in 2018 over the Mamadouya deposit show a possible northern extension of the deposit over 800 meters. Announcement • Jan 22
Waraba Gold Limited (CNSX:WBGD) completed the acquisition of 1273795 B.C. LTD. Waraba Gold Limited (CNSX:WBGD) entered into a definitive agreement to acquire 1273795 B.C. LTD. for CAD 8.3 million on January 6, 2021. As per the transaction, Waraba Gold will issue 25.69 million shares to shareholders of 1273795 B.C. as consideration for all the issued and outstanding shares of 1273795 B.C., at a deemed price equal to the maximum discount allowed by the Canadian Securities Exchange at time of issuance. Completion of the acquisition is subject to a number of conditions, including acceptance by governing regulatory bodies, if applicable. The acquisition cannot close until the required approvals are obtained. There can be no assurance that the Acquisition will be completed as proposed or at all.
Waraba Gold Limited (CNSX:WBGD) completed the acquisition of 1273795 B.C. LTD. on January 21, 2021. Announcement • Jan 09
Waraba Gold Limited (CNSX:WBGD) entered into a definitive agreement to acquire 1273795 B.C. LTD. for CAD 8.3 million. Waraba Gold Limited (CNSX:WBGD) entered into a definitive agreement to acquire 1273795 B.C. LTD. for CAD 8.3 million on January 6, 2021. As per the transaction, Waraba Gold will issue 25.69 million shares to shareholders of 1273795 B.C. as consideration for all the issued and outstanding shares of 1273795 B.C., at a deemed price equal to the maximum discount allowed by the Canadian Securities Exchange at time of issuance. Completion of the acquisition is subject to a number of conditions, including acceptance by governing regulatory bodies, if applicable. The acquisition cannot close until the required approvals are obtained. There can be no assurance that the Acquisition will be completed as proposed or at all. Announcement • Nov 21
Waraba Gold Limited announced that it has received CAD 1.7 million in funding On November 19, 2020, Waraba Gold Limited (CNSX:WBGD) closed the transaction. The company issued 8,500,000 units at a price of CAD 0.20 per unit for gross proceeds of CAD 1,700,000 in the transaction. All securities issued in connection with the transaction will be subject to a hold period of four months plus a day from the date of issuance. 
