Caro Holdings Acquires 49% Interest in Tanzanian Mining Properties for 20M Shares

On June 9, 2026, Caro Holdings Inc. entered into an Asset Purchase and Acquisition Agreement with Goldrange Resources Corp. to acquire a 49% undivided interest in Goldrange's rights to certain mining properties located in Tanzania, Africa. As consideration for this acquisition, Caro Holdings will issue 20,000,000 shares of its common stock to Goldrange. The shares will be issued in an unregistered transaction exempt from registration under Section 4(a)(2) of the Securities Act and will bear restrictive legends. The agreement includes customary representations, warranties, covenants, indemnification provisions, exclusivity obligations, and termination provisions. This transaction represents a significant expansion of Caro Holdings' mining interests into the African market through a share-based acquisition structure.