On October 8, 2026, Kirkland Lake Discoveries Corp. completed an upsized brokered private placement pursuant to which the company issued: (i) an aggregate of 29,457,000 flow-through common shares at a price of $0.40 per share, (ii) an aggregate of 5,714,000 special flow-through common shares at a price of $0.483 per share, and (iii) an aggregate of 16,066,510 common shares at a price of $0.35 per share, for aggregate gross proceeds of approximately $20 million. The offering included the full exercise of the agents’ option.
The offering was conducted through Canaccord Genuity Corp. and CFT Financial Corporation, as co-lead agents and co-bookrunners.
Cassels acted for the agents.