KGL Resources Announces Completion of Debt Settlement
Toronto, Ontario--(Newsfile Corp. - June 18, 2025) - KGL Resources Ltd. (TSXV: KGL.H) ("KGL" or the "Company") announced today that it has completed its previously announced debt settlement (the "Transaction") with Loncor Gold Inc. ("Loncor") issuing 8,857,142 common shares (the "Debt Settlement Shares") at a deemed issue price of $0.07 per share to settle indebtedness of C$620,000 owing to Loncor for cash loans and advances and interest thereon. The Debt Settlement Shares issued are subject to a 4-month holding period.The...
2025-06-18 4:00 PM EDT
KGL Resources Announces Share Consolidation
Toronto, Ontario--(Newsfile Corp. - June 13, 2025) - KGL Resources Ltd. (TSXV: KGL.H) ("KGL" or the "Company") announced today that the Company has consolidated its issued and outstanding common shares on the basis of one (1) new consolidated common share for every two (2) existing common shares (the "Consolidation"). The Consolidation was approved by shareholders at the Company's Annual and Special Meeting held on May 30, 2025. The Company's shares will commence trading on a consolidated basis under the new CUSIP (482451200)...
2025-06-13 5:00 PM EDT
KGL Resources Provides Supplemental Information for Proposed Debt Settlement
Toronto, Ontario--(Newsfile Corp. - May 9, 2025) - KGL Resources Ltd. (TSXV: KGL.H) ("KGL" or the "Company") is providing supplemental information to assist shareholders in their consideration of the proposed debt settlement with Loncor Gold Inc. ("Loncor") announced in the Company's press release of March 25, 2025 (the "Debt Settlement") and for which additional details are provided in the Company's management information circular dated April 16, 2025 (the "Circular"), which has been filed by the Company on SEDAR+ (www.sedarplus.ca) and...
2025-05-09 5:01 PM EDT
KGL Resources Announces Proposed Debt Settlement and Share Consolidation
Toronto, Ontario--(Newsfile Corp. - March 25, 2025) - KGL Resources Ltd. (TSXV: KGL.H) ("KGL" or the "Company") announced today that it has entered into a debt settlement agreement (the "Agreement") with Loncor Gold Inc., a company listed on the Toronto Stock Exchange ("Loncor"), pursuant to which it is proposed that the Company will settle $620,000 of indebtedness owing to Loncor by the issuance of 8,857,142 post-consolidated common shares (the "Debt Settlement Shares") at a deemed price of $0.07 per share...
2025-03-25 5:01 PM EDT
KGL Resources Announces Debt Settlement
Toronto, Ontario--(Newsfile Corp. - September 24, 2024) - KGL Resources Ltd. (TSXV: KGL.H) ("KGL" or the "Company") announced today that it has completed a debt settlement transaction (the "Transaction") with Arlington Group Asset Management Limited ("Arlington") issuing 1,794,000 common shares (the "Debt Settlement Shares") at a deemed issue price of $0.05 per share to settle indebtedness of C$89,700 owing to Arlington, consisting of C$65,000 loaned to the Company in September 2019 and accrued interest thereon of C$24,700. The Debt Settlement...
2024-09-24 4:01 PM EDT
KGL Resources Announces Transfer of Listing to NEX/ Amendments to Option Plan
Toronto, Ontario--(Newsfile Corp. - July 11, 2022) - KGL Resources Ltd. (TSXV: KGL) ("KGL" or the "Company") announced today that it has been advised by the TSX Venture Exchange that its listing will be transferred to the NEX Board of the TSX Venture Exchange ("Exchange") effective as of the opening of trading on Tuesday, July 12, 2022. The Company previously announced that its listing was being reviewed by the Exchange as a result of the Company not meeting the Exchange's...
2022-07-11 4:01 PM EDT
KGL Resources Completes Share Settlement
Toronto, Ontario--(Newsfile Corp. - June 22, 2022) - KGL Resources Ltd. (TSXV: KGL) ("KGL" or the "Company") announced today that it has completed its previously announced share settlement transaction with former directors and officers, extinguishing all claims of such persons in consideration for the issuance of an aggregate of 1,420,000 common shares of the Company (reduced from the previously announced total of 1,500,000 common shares by agreement with one of the parties). The share settlement was approved by disinterested...
2022-06-22 9:32 PM EDT
KGL Resources Announces Debt Settlement, Change in Directors and Notice from TSX Venture Exchange
Toronto, Ontario--(Newsfile Corp. - April 21, 2022) - KGL Resources Ltd. (TSXV: KGL) ("KGL" or the "Company") announced today that it has entered into releases and settlement agreements with former directors and officers to settle indebtedness claimed to be owing to such persons aggregating approximately $946,000 and to release the Company from all other claims. Subject to regulatory approval, it is proposed that an aggregate of 1,500,000 common shares be issued in connection with the settlements at a deemed price...
2022-04-21 4:56 PM EDT