Acquisition of Shares

Executive Summary

• Arnold Kondrat acquired 8,857,142 common shares of KGL Resources Ltd., representing ~60.23% of the company’s outstanding share capital on a non‑diluted basis.
• The acquisition was made via a private agreement for an aggregate consideration of C$620,000 (≈C$0.07 per share), satisfied by a reduction in Kondrat’s compensation entitlement from the seller.
• The transaction triggers an Early Warning filing under NI 62‑103 and is being reported to regulators; the full report will be posted on SEDAR+.

Key Details

• Shares Acquired: 8,857,142 common shares of KGL Resources Ltd.
• Ownership Percentage: ~60.23% of the 14,706,632 issued and outstanding common shares (non‑diluted).
• Consideration Paid: C$620,000 total, equivalent to approximately C$0.07 per share.
• Payment Structure: Consideration satisfied by a reduction in Kondrat’s compensation entitlement from the seller as part of the Arrangement’s closing.
• Acquisition Method: Private agreement take‑over bid exemption under NI 62‑104 (section 4.2).
• One seller only, bid to one shareholder, not a general offer.
• More than five shareholders exist for KGL.
• Market price compliance: consideration ≤115% of market price at the time of the bid.
• Purpose: Investment; no current intention to acquire additional securities, though future purchases or disposals may occur subject to market conditions.
• Regulatory Filing: Early Warning Report filed pursuant to NI 62‑103; will be available on SEDAR+ (www.sedarplus.ca).
• Contact Information: Arnold Kondrat – Phone: (416) 366‑7300; address 4120 Yonge Street, Suite 304, Toronto, ON M2P 2B8, Canada.

Notable Quotes

(No direct quotes were provided in the release.)