20:16:23 EDT Thu 10 Jul 2025
Enter Symbol
or Name
USA
CA



Kermode Resources Ltd (2)
Symbol KLM
Shares Issued 56,312,447
Close 2024-09-23 C$ 0.01
Market Cap C$ 563,124
Recent Sedar Documents

Kermode Resources amends B.C. property purchase option

2024-09-24 12:10 ET - News Release

Subject: News Release for changes to Black Panther deal PDF Document

File: Attachment 2024-09-24-KLM-BLACK PANTHER revised option agreement news release.pdf

Kermode change BLACK PANTHER to BEATON GOLD Project on Vancouver Island

Victoria, British Columbia - (September 24, 2024) - Kermode Resources Ltd. (TSXV: KLM) announces changes to the BLACK PANTHER property purchase option. The changes include reducing the size of exploration claims, changing the members of the vendor group, and changing the project name. The changes are subject to approval by the TSX Venture Exchange.

The BEATON GOLD project now comprises claims covering approximately 934 hectares with claim numbers 1098836, 1103854, 1103723, 1106076. The Effective Date remains August 11, 2023.

The total share issuance remains 4,800,000 shares with the following schedule: (A) 1,2,00,000 Shares on the Effective Date (Paid on the Effective Date); (B) an additional 1,200,000 Shares on or before 12 months following the Effective Date; (C) an additional 1,200,000 Shares on or before 24 months following the Effective Date; (D) an additional 1,200,000 Shares on or before 36 months following the Effective Date;

There are four owners (Justin Deveault, Michael Deveault, Justin McNutt, and 802213 Alberta Ltd.) who will share equally in all payments. The "Net Smelter Return royalty" has been changed to 1% one percent with a $1M one million dollar buy-down to remove the royalty and the Sales Participation Right has been removed.

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

For further information please contact:

Tel: 1-250-588-6939

Email: peterbellmining@gmail.com

Website: https://linktr.ee/kermoderesources

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 Statements The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. There is no assurance that the Company will acquire the Project on the terms as outlined above, or at all. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

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