15:57:11 EDT Tue 14 May 2024
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or Name
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Kilo Goldmines Ltd
Symbol KGL
Shares Issued 319,349,978
Close 2014-03-13 C$ 0.03
Market Cap C$ 9,580,499
Recent Sedar Documents

Kilo plans 1:10 rollback, faces challenge to DRC claims

2014-03-14 18:17 ET - News Release

Mr. Alex van Hoeken reports

KILO GOLDMINES REPORTS ON VARIOUS CORPORATE MATTERS

The resolution authorizing Kilo Goldmines Ltd.'s directors to proceed, at their discretion, with the consolidation of the common shares on an up-to-1-for-10 basis, was approved by shareholders at the annual and special meeting held on March 6, 2014.

David Netherway, Alex van Hoeken, James Mustard and Loudon Owen were re-elected as directors, and the incumbent auditor, Collins Barrow Toronto LLP, was also reappointed.

Further, the company is pleased to announce that following its press release dated Jan. 30, 2014, it has filed on SEDAR its Canadian National Instrument 43-101 mineral resources estimate (MRE) updating the MRE for the Adumbi gold deposit and providing maiden inferred mineral resource estimates for the Kitenge and Mazanko deposits (Somituri project). The NI 43-101 MRE was prepared by Roscoe Postle Associates Inc.

The company also announced that it has refiled its management's discussion and analysis for the three months ended Dec. 31, 2013, to add disclosure regarding a claim that has been received challenging the title to certain DRC (Democratic Republic of the Congo) mineral claims held by KGL-Isiro Sarl. Based on legal advice received, the company believes this claim to be completely without merit.

We seek Safe Harbor.

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