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13:04:59 EDT Wed 14 May 2025
Enter Symbol
or Name
USA
CA



Kermode Resources Ltd
Symbol KLM
Shares Issued 141,630,170
Close 2023-01-03 C$ 0.01
Market Cap C$ 1,416,302
Recent Sedar Documents

Kermode to issue shares for services to Planet X

2023-01-04 07:12 ET - News Release

Bell Subject: News release to publish (shares for services with PLANET X) PDF Document File: Attachment 2023-01-04-KLM-Shares For Services NEWS RELEASE PLANET X .pdf Kermode signs Shares for Services Agreements with PLANET X EXPLORATION SERVICES LTD. Victoria, British Columbia - (January 4, 2023) - Kermode Resources Ltd. (TSXV: KLM) ("Kermode") announces a new Shares for Services agreement, subject to Exchange approval. The Company intends to issue common shares in the capital of Kermode to PLANET X EXPLORATION SERVICES LTD. ("Consultant") to pay for certain costs associated with minerals exploration activities ("Services"), including prospecting at the JONATHAN'S POND and GREY COPPER projects in Newfoundland. The Consultants are arm's length to Kermode and its affiliates. The Consultant shall be eligible to receive a maximum amount of compensation under this agreement of $20,000 per month or $240,000 for the full Term from January 1, 2023 to December 31, 2023. The actual amount of compensation in any month shall depend on the Services provided in that month as expressly agreed in advance with the Company. The deemed value of Shares issued under this agreement will be the closing price of the Shares on the TSX Venture Exchange on the first trading day after the month wherein the services were provided. The deemed value will not be less than the Discounted Market Price (subject to a minimum price of $0.01). Any shares issued at a deemed price less than $0.05 will be subject to the Exchange Hold Period. In any case, the deemed value shall not be determined and any such securities shall not be issued until after the services are provided to the Issuer. There shall be a limitation on the total number of shares payable to the Consultant at any time such that the Consultant may not bring their undiluted share position at or above 10% of the Company's issued and outstanding shares until such time that a Personal Information Form or 2C1 Declaration will be filed with and cleared by the Exchange. The Company can pay the company in cash any amount above 10% of the Company's issued and outstanding shares until after such is filled and cleared by the exchange. About Kermode Kermode is a junior mining company hunting for exploration opportunities around the world. On Behalf of the Board of Directors, KERMODE RESOURCES LTD "Peter Bell" President/CEO Tel: 1-250-588-6939 Email: peterbellmining@gmail.com Website: https://linktr.ee/kermoderesources Neither the TSX Venture Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. Forward-looking statements in this document includes, but is not limited to whether any proposed transaction shall be completed at any time.

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