Business
Kirkland Lake Announces Closing of Mirado Project Acquisition
Toronto, Ontario--(Newsfile Corp. - March 3, 2026) - Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF) ("KLDC" or the "Company") is pleased to announce that, further to its news release dated December 18, 2025, the Company has completed its previously announced acquisition of the Mirado Gold Project (the "Acquisition")."The acquisition of the Mirado Gold Project is a pivotal step for Kirkland Lake Discoveries. While the historical data is compelling, we believe we've only scratched the...
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - March 3, 2026) - Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF) ("KLDC" or the "Company") is pleased to announce that, further to its news release dated December 18, 2025, the Company has completed its previously announced acquisition of the Mirado Gold Project (the "Acquisition").","length":355,"tagName":"p"},{"type":"text","content":""The acquisition of the Mirado Gold Project is a pivotal step for Kirkland Lake Discoveries. While the historical data is compelling, we believe we've only scratched the surface of what this property truly holds. By securing a 100% undivided interest, we now have the flexibility to aggressively test high-priority targets and expand the known footprint of the deposit. Our team is eager to get the drills turning and demonstrate the significant exploration upside we see at KL South" stated Stefan Sklepowicz, CEO of KLDC.","length":537,"tagName":"p"},{"type":"text","content":"Acquisition Terms","length":17,"tagName":"p"},{"type":"text","content":"The Company entered into a purchase agreement with Orecap Invest Corp. ("Orecap") on December 16, 2025, pursuant to which the Company acquired a 100% undivided interest in the mineral claims collectively known as the Mirado Property, free and clear of all liens and encumbrances.","length":289,"tagName":"p"},{"type":"text","content":"As consideration for the Acquisition, KLDC issued 40,582,767 common shares of the Company ("Consideration Shares") valued at $0.215 per Consideration Share, equivalent to 19.9% of the issued and outstanding common shares of KLDC calculated immediately following closing of the Acquisition. The Consideration Shares are subject to a statutory four-month hold period expiring on July 3, 2026, as well as a contractual lock-up period of 12 months. No finder's fees were paid in connection with the transaction.","length":521,"tagName":"p"},{"type":"text","content":"For further details regarding the Acquisition, please see the news release of the Company dated December 18, 2025 available on SEDAR+ at www.sedarplus.ca.","length":154,"tagName":"p"},{"type":"text","content":"About Kirkland Lake Discoveries Corp.","length":37,"tagName":"p"},{"type":"text","content":"Kirkland Lake Discoveries Corp. (TSXV: KLDC) has assembled a 400-km2 e...