KGL Resources Ltd. announced today that, subject to regulatory approval, it has granted stock options to acquire an aggregate of 824,000 common shares to directors and officers of the Company under its Employee Stock Option Plan. Each option is exercisable for a five year period to acquire one common share at a price of $0.105 per share. The [...]
Kilo Goldmines Ltd. announced today that the Company has changed its name to "KGL Resources Ltd." and consolidated its issued and outstanding common shares on the basis of one new consolidated common share for every twenty existing common shares. The Name Change and Consolidation were both approved by shareholders at the Company's Annual General [...]
Kilo Goldmines Ltd. announced that Mr. Donat Madilo, a current director, has been appointed as Interim Chief Executive Officer, Chief Financial Officer and Secretary of the Company, replacing Mr. Philip Gibbs in those offices following Mr. Gibbs’ resignation. The Company also announced the appointment of Ms. Nili Stolarsky to the board of directors [...]
Kilo Goldmines Ltd. announced that, subject to regulatory approval, Mr. Donat Madilo and Mr. Michael Cooper were elected to the board of directors of the Company at the annual and special meeting of shareholders of the Company held on Monday, March 16, 2019. They join Mr. James Mustard on the board who was also re-elected at the Meeting. Mr. David [...]
Kilo Goldmines Ltd. announced today that, further to the Company’s press release dated September 12, 2019, the consensual realization transaction with former subsidiary, Kilo Goldmines Inc. , Resolute Pty Ltd and Loncor Resources Inc. has been completed. Pursuant to the transaction, all rights of Resolute under a delinquent credit facility [...]
Kilo Goldmines Ltd. announced today that it and direct subsidiary, Kilo Goldmines Inc. have entered into an agreement with Resolute Pty Ltd and Loncor Resources Inc. that will result in the extinguishment of all amounts owing by the Borrowers under a credit facility provided by major shareholder Resolute, which has been in default since March 14 [...]
The board of directors of Kilo Goldmines Ltd. wishes to provide shareholders and other market participants with an update on its business plans, operations, and financial condition. Secured Credit Facility As previously announced, Kilo has a secured credit facility with its major shareholder, Resolute Pty Ltd , from which A$750,000 has been drawn [...]
Kilo Goldmines Ltd. announced today that Mr. John Welborn has resigned as a director of the Company. On behalf of the Board, the Chairman, Mr. David Netherway, expressed his thanks to Mr. Welborn for his contributions to the Company during his tenure. Following Mr. Welborn’s resignation, the Board is comprised of three directors, being David [...]
Kilo Goldmines Ltd. is pleased to announce that it has received the final draw down of A$250,000 under its previously announced A$750,000 secured term credit facility from major shareholder Resolute Pty Ltd . Kilo is also pleased to announce that Resolute has agreed to extend the repayment date of the loan from December 14, 2018 to March 14, 2019 [...]
Kilo Goldmines Ltd. announced today that it and its direct subsidiary, Kilo Goldmines Inc. , have entered into a loan agreement for a A$750,000 secured term credit facility from major shareholder Resolute Pty Ltd , a subsidiary of ASX-listed Resolute Mining Ltd. which is headquartered in Perth, Australia. The credit facility is secured against all [...]
TORONTO, Jan. 18, 2018 -- Kilo Goldmines Ltd. announced today that, subject to regulatory approval, it has adopted an amendment to its by-laws, similar to by-law amendments and policies adopted by numerous other Canadian public companies, requiring advance notice to the Company for nominations of directors by shareholders other than through a [...]
Kilo Goldmines announced today that it has applied to the TSX Venture Exchange for acceptance to extend the expiry date of 12,993,386 outstanding common share purchase warrants for an additional twelve month period to December 24, 2018. Each warrant currently entitles the holder to purchase one common share of the Company at a price of $0.095 per [...]
