Business
Orecap Closes Sale of Mirado and Acquires 19.9% of Kirkland Lake Discoveries Corp.
Orecap acquired 19.9% of KLDC as consideration for 100% of Mirado Gold Project in Kirkland Lake.Increased exposure through two material investments focused in Kirkland Lake: Stardust Metal (13.9% ownership) and KLDC (19.9% ownership).KLDC is the largest landholder in the Kirkland Lake Region with >40,000 hectares.Transaction adds to Orecap's growing equity portfolio of high-quality exploration companies. Toronto, Ontario--(Newsfile Corp. - March 3, 2026) - Orecap Invest Corp. (TSXV: OCI)...
About this update from Orecap Invest Corp
[{"type":"list","items":[{"val":[{"type":"text","content":"Orecap acquired 19.9% of KLDC as consideration for 100% of Mirado Gold Project in Kirkland Lake.","length":96,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Increased exposure through two material investments focused in Kirkland Lake: Stardust Metal (13.9% ownership) and KLDC (19.9% ownership).","length":138,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"KLDC is the largest landholder in the Kirkland Lake Region with >40,000 hectares.","length":84,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Transaction adds to Orecap's growing equity portfolio of high-quality exploration companies. ","length":96,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":414,"olType":false},{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - March 3, 2026) - Orecap Invest Corp. (TSXV: OCI) (OTCQB: ORFDF) ("Orecap" or the "Company") is pleased to announce that it has closed its previously announced sale of its 100%-owned Mirado property ("Mirado" or the "Project") to Kirkland Lake Discoveries Corp. (TSXV: KLDC) ("KLDC") for a 19.9% ownership of KLDC.","length":405,"tagName":"p"},{"type":"text","content":""As we close the sale of Mirado, we continue to retain upside through our material ownership in Kirkland Lake Discoveries, who own the largest land package in the Kirkland Lake district. This investment represents us doubling down on our belief that Kirkland Lake is and continues to be one of Canada's premier gold jurisdictions, still ripe for discovery," said Stephen Stewart, Orecap's Chairman.","length":416,"tagName":"p"},{"type":"text","content":"Value Accretive Investment in Kirkland Lake's Largest Land Package","length":70,"tagName":"p"},{"type":"text","content":"This investment is another example of Orecap creating material value from a physical asset while retaining upside in the asset's development success through an equity position in the acquiror.","length":196,"tagName":"p"},{"type":"text","content":"As an investment issuer, this transaction aligns with Orecap's portfolio strategy and adds to its existing, high-value investment portfolio. Furthermore, this investment supplements Orecap's high conviction of the Kirkland Lake camp, g...