Loncor Gold sells 60.23% interest in KGL

Executive Summary

• Loncor Gold Inc. disposed of its entire 60.23 % ownership (8,857,142 shares) in KGL Resources Ltd., ending all holdings in the company.
• The disposition was executed via a private agreement as part of Loncor’s broader divesture related to an ongoing plan‑of‑arrangement acquisition of Loncor itself.
• Consideration for the KGL shares totaled $620,000 (≈ $0.07 per share), satisfied by a reduction in the buyer’s compensation entitlement under the arrangement.

Key Details

• Disposed shares: 8,857,142 common shares of KGL Resources Ltd., representing ~60.23 % of KGL’s 14,706,632 issued and outstanding common shares.
• Transaction date: February 10, 2026.
• Disposition method: Private agreement within a divesture transaction linked to Loncor’s plan‑of‑arrangement acquisition.
• Consideration: Aggregate $620,000 (≈ $0.07 per KGL share). Paid via reduction of the buyer’s compensation entitlement from the arrangement closing.
• Result: Loncor no longer holds any common shares or other securities of KGL Resources Ltd. and has no intention to re‑acquire such securities.
• Regulatory filing: Early warning disclosure filed pursuant to NI 62‑103; additional information will be made available on the SEDAR+ profile of KGL.

Notable Quotes

(No executive quotes were provided in the release.)