KGL Resources Ltd. announced today that it has completed a debt settlement transaction with Arlington Group Asset Management Limited issuing 1,794,000 common 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 [...]
KGL Resources Ltd. 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 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 [...]
KGL Resources Ltd. 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 . The share settlement was approved by disinterested shareholders at [...]
KGL Resources Ltd. 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 [...]
KGL Resources continued to discover new areas of mineralisation at the 100% owned Jervois Copper-Silver-Gold Prospect in the Northern Territory. The board is mindful of the current low commodity prices and has implemented a number of cost cutting activities including a reduction in the size of the board, a reduction in board fees and reducing the [...]
KGL Resources advises that the fully underwritten, 2 for 9 non-renounceable pro-rata entitlement offer announced on 29 December 2015 has concluded. Acceptances were received from shareholders for 18,096,779 new fully paid ordinary shares under the entitlement offer. A total of 285 shareholders accepted the offer, with almost 30% of these applying [...]
KGL Resources is pleased to announce a capital raising to raise up to $3 million by way of a two for nine pro rata non-renounceable entitlement offer, fully underwritten by Denis Leslie Wood. Eligible shareholders will be able to apply for additional shares through a top-up offer. The offer price for the Entitlement Offer is $0.095 per share. Funds [...]
KGL Resources advises that in response to low commodity prices and market conditions, the Company is implementing plans to minimise administrative expenditure. As part of this process, Mr John Taylor will step down as a non-executive Director and Simon Milroy will also step down from the board and continue as Chief Executive Officer. Denis Wood [...]
KGL Resources advises that Mr Chris Bain has stepped aside as Acting Chairman of the company and the board has unanimously elected Mr Denis Wood as his replacement. The internal rotation recognises Mr Wood's proximity to the company's head office and the time requirements of the Acting Chairman position. The Board thanked Mr Bain for his service [...]
Brisbane, Australia (ABN Newswire) - KGL Resources (ASX:KGL) is pleased to announce the discovery of two new base metal prospects at the Yambah Project. The Dawn and Emily prospects (Figure 1) were discovered during reconnaissance mapping on the Bald Hill tenement (EL28271). Highlights - Two new base metal prospects discovered - Copper and [...]
KGL Resources completed the Pre-Feasibility Study (PFS) of its 100% owned Jervois Copper-Silver Project and announced the results on 16 October. Jervois was confirmed as a robust, mid-level scale mining project with an initial annual production of 21,000 tonnes of copper, one million ounces of silver, plus lead and zinc, with a mine life of more [...]
KGL Resources recently completed a 3D - Induced Polarisation (3DIP) & Magnetotelluric (MT) survey in the Bellbird region to search for additional sulphide mineralisation in a poorly tested and yet highly prospective portion of the 12km long mineralised corridor at Jervois (Northern Territory). A strong coincident IP chargeability and conductivity [...]
