KGL Resources Announces Proposed Debt Settlement and Share Consolidation
Toronto, Ontario--(Newsfile Corp. - March 25, 2025) - KGL Resources Ltd. (TSXV: KGL.H) ("KGL" or the "Company") announced today that it has entered into a debt settlement agreement (the "Agreement") with Loncor Gold Inc., a company listed on the Toronto Stock Exchange ("Loncor"), pursuant to which it is proposed that the Company will settle $620,000 of indebtedness owing to Loncor by the issuance of 8,857,142 post-consolidated common shares (the "Debt Settlement Shares") at a ...