Mr. Donat Madilo reports
KGL RESOURCES COMPLETES SHARE SETTLEMENT
KGL Resources Ltd. has completed its previously announced share settlement transaction with former directors and officers, extinguishing all claims of such persons in consideration for the issuance of an aggregate of 1.42 million common shares of the company (reduced from the previously announced total of 1.5 million common shares by agreement with one of the parties). The share settlement was approved by disinterested shareholders at the company's annual and special shareholders meeting held on June 20, 2022. All shares issued pursuant to the share settlement are subject to a four-month hold period expiring Oct. 22, 2022.
About KGL Resources Ltd.
KGL Resources is a Canadian mineral exploration company that is listed on the TSX Venture Exchange under the symbol KGL and on the Frankfurt Exchange under the symbol 02K. KGL Resources holds a 20-per-cent interest in a bid for mining rights to four iron ore concessions located in the Bamyan province of Afghanistan.
© 2022 Canjex Publishing Ltd. All rights reserved.