Mr. Jason Cubitt of Mineral Road Discovery
reports
MINERAL ROAD DISCOVERY INC.
EARLY WARNING NEWS RELEASE ISSUED PURSUANT TO NI 62-103
DISPOSITION OF COMMON SHARES OF CARBON DONE RIGHT DEVELOPMENTS INC.
Mineral Road Discovery Inc. (the seller) has disseminated this news release pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, in connection with the disposition of certain common shares of Carbon Done Right Developments Inc. (the issuer), a Canadian corporation whose common shares are listed for trading on the TSX Venture Exchange under the symbol KLX.
On June 24, 2025, the seller sold 4.7 million common shares at a price of 1.5 cents per common share in the open market for total proceeds of $70,500. This transaction represents a decrease of 3.82 per cent in the seller's securityholding percentage in the issued and outstanding common shares of the issuer.
Prior to the transaction, the seller owned and controlled 26,087,000 common shares of the issuer, representing 21.21 per cent of the then issued and outstanding common shares of the issuer based on a total of 122,949,957 common shares outstanding as of June 24, 2025.
Subsequent to the transaction, the seller owned and controlled 21,387,000 common shares of the issuer, representing 17.39 per cent of the then issued and outstanding common shares of the issuer based on a total of 122,949,957 common shares outstanding as of June 24, 2025.
The seller has disposed of the common shares for investment purposes and in accordance with applicable securities laws. The seller may, from time to time, acquire/dispose of additional common shares and/or other equity, debt or other securities or instruments of the issuer in the open market or otherwise and reserves the right, subject to applicable securities law, to acquire/dispose of any or all of its securities in the open market or otherwise at any time and from time to time and to engage in similar transactions with respect to the securities, the whole depending on market conditions, the business and prospects of the issuer and other relevant factors.
A copy of the early warning report dated June 25, 2025, to be filed by the seller in connection with the disposition of the common shares of the issuer will be available on SEDAR+ under the issuer's profile. A copy of such report will also be available from the seller upon written request to Mineral Road Discovery at Suite 2501, 550 Burrard St., Vancouver, B.C., V6C 2B5 (telephone: 778-819-2709).
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