KGL Resources Announces Debt Settlement, Change in Directors and Notice from TSX Venture Exchange
KGL Resources Announces Debt Settlement, Change in Directors and Notice from TSX Venture Exchange
The Company further announced that it has received notice from the TSX Venture Exchange for the transfer of its listing to NEX for failure to meet Tier 2 Continued Listing Requirements. The Company has until June 21, 2022 to meet Tier 2 Continued Listing Requirements or its listing will be transferred to NEX.Toronto, Ontario--(Newsfile Corp. - April 21, 2022) - KGL Resources Ltd. (TSXV: KGL) ("KGL" or the "Company") announced today that it has entered into releases and settlement agreements with former directors and officers to settle indebtedness claimed to be owing to such persons aggregating approximately $946,000 and to release the Company from all other claims. Subject to regulatory approval, it is proposed that an aggregate of 1,500,000 common shares be issued in connection with the settlements at a deemed price of $0.14 per share. All shares issued pursuant to the debt settlements will be subject to a 4 month hold period.
安大略省多倫多-(Newsfile Corp.-2022年4月21日)-KGL Resources Ltd.(多倫多證券交易所股票代碼：KGL)(“KGL”或“公司”)今天宣佈，它已與前董事和高級管理人員達成豁免和和解協議，以清償聲稱欠這些人的總計約946,000美元的債務，並免除公司的所有其他索賠。待監管機構批准後，建議發行總計1,500,000股與和解相關的普通股，視為價格為0.14美元每股。根據債務清算髮行的所有股票將受到4個月的持有期的限制。
The Company also announced today that, subject to regulatory approval, Mr. Philip Chen has been appointed to the board of directors of the Company. Mr. Chen replaces Michael Cooper on the board following his resignation. The Company wishes to thank Mr. Cooper for his service on the board.
本公司今天還宣佈，待監管部門批准後，已任命菲利普·陳先生為本公司董事會成員。陳光誠辭職後接替邁克爾·庫珀進入董事會。本公司謹此感謝庫珀先生在董事會的服務。
Mr. Chen is Managing Partner of Dynaco Capital Inc., a Toronto-based financial advisory firm. He has participated in several significant transactions between Chinese SOEs and TSX-listed mineral companies in the past two decades. Mr. Chen holds an EMBA degree (University of Hawaii), LL.M degree (East China University of Science and Technology) and B.Sc. degree (Shanghai Normal University).
陳光誠是多倫多金融諮詢公司Dyaco Capital Inc.的管理合夥人。在過去20年裏，他參與了中國國有企業與在多倫多證交所上市的礦業公司之間的幾筆重大交易。陳先生擁有EMBA學位(夏威夷大學)、法學碩士學位(華東科技大學)和理科學士學位。學位(上海師範大學)。
The Company further announced that it has received notice from the TSX Venture Exchange for the transfer of its listing to NEX for failure to meet Tier 2 Continued Listing Requirements. The Company has until June 21, 2022 to meet Tier 2 Continued Listing Requirements or its listing will be transferred to NEX.
本公司進一步宣佈，已接獲多倫多證券交易所創業板通知，因未能符合第二層持續上市規定而將其上市轉讓予NEX。本公司必須在2022年6月21日之前滿足第二級繼續上市的要求，否則其上市將轉移到NEX。
About KGL Resources
關於KGL資源
KGL Resources Ltd. 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% interest in a bid for mining rights to four iron ore concessions located in the Bamyan province of Afghanistan.
KGL Resources Ltd.是一家加拿大礦產勘探公司，在多倫多證券交易所創業板上市，股票代碼為“KGL”，在法蘭克福交易所上市，股票代碼為“02K”。KGL Resources在競標阿富汗巴米揚省四個鐵礦石特許權的採礦權時持有20%的權益。
For further information, please contact:
如需更多信息，請聯繫：
Donat Madilo Interim Chief Executive Officer Tel: +1 (416) 360-3406
多納特·馬迪洛臨時首席執行官電話：+1(416)360-3406
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
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