KAPA Gold Files Audited 2022 Annual Financial Statements for the Predecessor Entity KAPA Capital Ltd.
VANCOUVER, BC – September 26, 2022 – KAPA GOLD INC. (TSXV:KAPA) (“Kapa Gold” or the “Company”) a gold exploration and development company announces it has completed the audit of its predecessor entity, Kapa Capital Ltd.’s (“Kapa”) annual financial statements for the financial year ended April 30, 2022 and the associated management discussion and analysis (the “Documents”), which are available on SEDAR at www.sedar.com.
The Company filed Kapa’s audited financial statements for the financial year ended April 30, 2022 with the British Columbia Securities Commision on September 22, 2022.
The delay in filing the Documents was due to the Company and its auditors requiring additional time to complete their preparation and audit of the annual financial statements for the financial year ended April 30, 2022, due to the timing of the Qualifying Transaction with Quantus Resources Corp. (“Quantus”) (as defined below) on May 19, 2022.
On May 19, 2022, Quantus completed a Qualifying Transaction, pursuant to TSX Venture Exchange Policy 2.4 - Capital Pool Companies, whereby Kapa Capital Ltd. acquired 100% of Quantus’ outstanding common shares by issuing to each shareholder of Quantus one common share of the Company for one common share of Quantus. The name of the Company was changed to Kapa Gold Ltd. and the year end has been amended to December 31.
About Kapa
Kapa Gold, led by experienced capital markets and geologic team, is focused on exploring its 100% owned historic Blackhawk Gold Mine and surrounding underexplored properties for economic mineralization.
To learn more, visit www.kapagold.com.
On behalf of the Board of Directors
KAPA GOLD INC.
“David K. Paxton”
CEO and Director
For More Information Contact:
Konstantine Tsakumis [email protected] 604-961-9442
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
Certain statements made, and information contained herein may constitute "forward looking information" and "forward looking statements" within the meaning of applicable Canadian
Kapa Gold Inc.
Suite 1400 – 1199 West Hastings Street Vancouver, BC, V6E 3T5 Tel: 604-961-9442 | [email protected] www.kapagold.com and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could" or "would" and include statements regarding the anticipated cease trade order and the Company’s expected timing for filing its financial statements. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the anticipated timing of the securities regulator and the anticipated timing of the Company’s auditor in completing its work in connection with the audit of the Company’s financial statements. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guaranteeing of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.