Business
Warrior Gold Announces Name Change, Share Consolidation and Updated Terms of its Private Placement Offering of Subscription Receipts and Proposed Acquisition of the Lucky Strike Property
Toronto, Ontario--(Newsfile Corp. - May 8, 2023) - Warrior Gold Inc.  ( TSXV: WAR ) (" Kirk...
About this update from Kirkland Lake Discoveries Corp.
[{"type":"text","content":"Warrior Gold Announces Name Change, Share Consolidation and Updated Terms of its Private Placement Offering of Subscription Receipts and Proposed Acquisition of the Lucky Strike PropertyToronto, Ontario--(Newsfile Corp. - May 8, 2023) - Warrior Gold Inc. (TSXV: WAR) (\"Kirkland Lake\" or the \"Company\") is pleased to announce that further to receiving near unanimous support at the special meeting of shareholders held April 17, 2023, the Company is changing its name (the \"Name Change\") to \"Kirkland Lake Discoveries Corp.\" and is implementing a share consolidation (the \"Consolidation\") of the issued and outstanding common shares (\"Common Shares\") of the Company on the basis of one post-Consolidation Common Share for every four pre-Consolidation Common Shares. The Company is also pleased to provide additional details and updated terms with respect to its previously announced proposed acquisition of the Lucky Strike property and the Company's related private placement offering of subscription receipts.Name Change and the ConsolidationThe Name Change and the Consolidation were approved by the Company's shareholders at the special meeting of its shareholders held on April 17, 2023 and are expected to become effective on or about May 10, 2023, subject to final approval from the TSX Venture Exchange (\"TSXV\"). Following the Name Change and Consolidation, the Company's trading symbol on the TSXV will also change from \"WAR\" to \"KLDC\". The Name Change and Consolidation will not affect the rights of the Company's shareholders, except if the Consolidation would otherwise result in a shareholder holding a fraction of a Common Share. In such cases, no fraction or fractional certificate will be issued and the shareholder will not receive a whole Common Share for each such fraction held. Otherwise, the post-Consolidation Common Shares will have the same attributes as the pre-Consolidation Common Shares.Letters of transmittal with respect to the Name Change and Consolidation will be mailed out to the Company's registered shareholders after taking effect. All registered shareholders will be required to send their share certificates, along with a properly executed letter of transmittal, to the Company's registrar and transfer agent, Olympia Trust Company, in accordance with the instructions provided in the letter of transmit...