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KGL - KGL Resources News Story

C$0.22 -0.0  -4.4%

Last Trade - 17/05/21

Basic Materials
Micro Cap
Market Cap £1.14m
Enterprise Value £1.47m
Revenue £n/a
Position in Universe 2571st / 2708

Kilo Goldmines Announces Name Change and Consolidation

Mon 15th March, 2021 11:00am
For best results when printing this announcement, please click on link below:

TORONTO, March 15, 2021 (GLOBE NEWSWIRE) -- Kilo Goldmines Ltd. (“Kilo” or
the “Company”) (TSX VENTURE: KGL) announced today that the Company has
changed its name to “KGL Resources Ltd.” (the “Name Change”) and
consolidated its issued and outstanding common shares on the basis of one (1)
new consolidated common share for every twenty (20) existing common shares
(the “Consolidation”). The Name Change and Consolidation were both
approved by shareholders at the Company’s Annual General Meeting held on
March 16, 2020. The Company’s shares will commence trading on a consolidated
basis under the new name and new CUSIP (482451101) and ISIN (CA4824511014)
numbers on the TSX Venture Exchange at opening of trading on Tuesday, March
16, 2021. There is no change in the Company’s ticker symbol for trading on
the TSX Venture Exchange, which remains as “KGL”.

As a result of the Consolidation, there are now approximately 8,484,992 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, has sent a letter of
transmittal to registered shareholders which will enable 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.

About KGL Resources

KGL Resources Ltd. is a Canadian mineral exploration company that is listed on
the TSX Venture Exchange under the symbol “KGL” and on the Frankfurt
Exchange under the symbol '02K'. KGL Resources holds a 20% interest in a bid
for mining rights to four iron ore concessions located in the Bamyan province
of Afghanistan.

For further information, please contact:

Donat Madilo Interim 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.

GlobeNewswire, Inc. 2021
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