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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) and ISIN (CA4824512004) numbers on the NEX Board of the TSX Venture Exchange at opening of trading on Tuesday, June 17, 2025. There is no change in the Company's ticker symbol for trading on the NEX Board, which remains as "KGL.H".
As a result of the Consolidation, there are now approximately 5,849,490 common shares outstanding (subject to adjustment for fractional shares). Each shareholder's percentage ownership in the Company and proportional voting power remains unchanged after the Consolidation, except for minor changes and adjustments resulting from the treatment of any fractional common shares. Where the Consolidation would otherwise result in a shareholder being entitled to a fractional share, the number of post-consolidated shares issued to such shareholder will be rounded down to the nearest whole number of shares.
The Corporation's transfer agent, TSX Trust Company, sent a letter of transmittal with the proxy materials for the Annual and Special Meeting to registered shareholders which enables them to exchange their old share certificates for new share certificates, or alternatively, a Direct Registration System ("DRS") Advice/Statement, representing the number of new post-consolidated common shares they hold, in accordance with the instructions provided in the letter of transmittal.
For additional information please contact:
Donat Madilo,
KGL Resources Ltd.
Chief Executive Officer
Tel: +1 (416) 360-3406
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255548
