Kirkland Lake Discoveries Corp. Corrects Broker Warrants Breakdown in Recent Press Release
Kirkland Lake Discoveries Corp. Corrects
Broker Warrants Breakdown in Recent Press
Release
Toronto, Ontario--(Newsfile Corp. - December 27, 2024) - Kirkland Lake Discoveries Corp. (TSXV:
KLDC) (the "
Company
") wishes to issue a correction to its press release dated December 23, 2024,
regarding the closing of its previously announced non-brokered private placement (the "
Offering
").
While the aggregate number of broker warrants issued in connection with the Offering was correctly
stated as 871,199 broker warrants ("
Broker Warrants
") to eligible registrants assisting in the Offering,
the breakdown of Broker Warrants exercisable at difference prices was misstated. The corrected
breakdown is as follows:
1
.
17,500 Broker Warrants are exercisable to acquire one common share of the Company at an
exercise price of $0.08 for a period of 36 months; and
2
.
853,699 Broker Warrants are exercisable to acquire one common share of the Company at an
exercise price of $0.12 for a period of 36 months.
All other details relating to the Offering, including the terms of the Broker Warrants, remain accurate as
previously disclosed. The Company apologizes for any confusion and thanks its stakeholders for their
understanding.
About Kirkland Lake Discoveries Corp.
Kirkland Lake Discoveries Corp. is a TSX Venture Exchange-listed company that has recently
consolidated a district-scale, highly prospective land package in the Kirkland Lake Gold Camp in
Ontario, Canada. The properties are situated within the Abitibi Greenstone Belt, one of the world's most
richly endowed greenstone belts, with over 200 million ounces of gold produced to date.
The Company's properties host regional and property-scale mineralized structures, considered second-
order structures off the Larder Lake Cadillac Deformation Zone (LLCDZ), a major regional structure
known for its spatial association with gold mines in the camp.
The properties assembled by the Company are grouped into two key areas: KL East, which includes the
Lucky Strike Property, Arnold Property, and KL Central, and KL West, which encompasses the
Goodfish-Kirana and the KL West Properties. KLDC's land position spans approximately 38,000 ha
over 1,338 claims and 29 patented claims, making the Company the largest landholder in the Kirkland
Lake region.
For further information please contact:
Stefan Sklepowicz
Chief Executive Officer
www.kirklandlakediscoveries.com
+1 226 979 3515
Neither 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 Statements - Certain information set forth in this news release may contain forward-
looking statements that involve substantial known and unknown risks and uncertainties, including
risks relating to final regulatory approvals. These forward-looking statements are subject to numerous
risks and uncertainties, certain of which are beyond the control of the Company, including the receipt
of all regulatory approvals. Readers are cautioned that the assumptions used in the preparation of
such information, although considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on forward-looking statements.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/235402