{"success":true,"data":{"pressRelease":{"id":"146961","rtpr_id":"nGNX2gpgjm-20260917","ticker":"KLDC","exchange":"","all_tickers":["KLDC"],"title":"Kirkland Lake Discoveries Corp. Announces Brokered Private Placement","author":"Globe Newswire","published_at":"2026-09-17T20:33:57.101Z","article_body":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION\nIN THE UNITED STATES\n\nVANCOUVER, British Columbia, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Kirkland Lake\nDiscoveries Corp. (TSXV: KLDC) (“Kirkland” or the “Company”) announces\nthat it has entered into an engagement letter with Canaccord Genuity Corp.\n(“Canaccord Genuity”) pursuant to which Canaccord Genuity and a syndicate\nof agents (collectively, the “Agents”) will act as agents in connection\nwith a “best efforts” private placement (the “Offering”) by the\nCompany of (i) flow-through common shares (the “FT Shares”) of the Company\nat a price of $0.40 per FT Share, and special flow-through common shares (the\n“Special FT Shares”) of the Company at a price of $0.483 per Special FT\nShare, in any combination, for aggregate gross proceeds of up to approximately\n$10,000,000; and (ii) up to 14,285,714 common shares (the “HD Shares” and,\ntogether with the FT Shares and the Special FT Shares, the “Offered\nSecurities”) of the Company at a price of $0.35 per HD Share for gross\nproceeds of up to approximately $5,000,000. Each of the FT Shares and Special\nFT Shares will qualify as a “flow-through share” for the purposes of the\nIncome Tax Act (Canada).\n\nIn addition, the Company has granted the Agents an option to sell up to\n$2,250,000 of additional Offered Securities (the “Agents’ Option”) on\nthe same terms and conditions, exercisable in whole or in part at any time up\nto 48 hours prior to the closing date of the Offering. The Agents’ Option\nmay be exercised for FT Shares, Special FT Shares, HD Shares or a combination\nthereof (as agreed between the Company and the Agents) at the respective\noffering prices.\n\nThe Offering is expected to close on or about October 8, 2026, and is subject\nto certain conditions including, but not limited to, the receipt of all\nnecessary approvals including the approval of the TSX Venture Exchange. The\nOffered Securities will be subject to a hold period of four months and one day\nfrom the closing of the Offering.\n\nThe Company agrees and covenants that it will use an amount equal to the gross\nproceeds received by the Company from the sale of the FT Shares and the\nSpecial FT Shares, pursuant to the provisions in the Income Tax Act (Canada),\nto incur eligible “Canadian exploration expenses” that qualify as\n“flow-through mining expenditures” as both terms are defined in the Income\nTax Act (Canada) (the “Qualifying Expenditures”) on or before December 31,\n2027, and to renounce all the Qualifying Expenditures in favour of the\nsubscribers of the FT Shares and the Special FT Shares with an effective date\nof no later than December 31, 2026. In the event the Company is unable to\nrenounce Qualifying Expenditures effective on or prior to December 31, 2026\nfor each FT Share and Special FT Share purchased in an aggregate amount not\nless than the gross proceeds of the sale of the FT Shares and the Special FT\nShares and/or the Qualifying Expenditures are otherwise reduced by the Canada\nRevenue Agency, the Company will indemnify each subscriber for the additional\ntaxes payable by such subscriber as a result of the Company’s failure to\nrenounce the Qualifying Expenditures or as a result of the reduction as\nagreed. The net proceeds from the issue and sale of the HD Shares are intended\nto be used for general corporate purposes.\n\nThis news release does not constitute an offer to sell or the solicitation of\nan offer to buy, nor shall there be any sale of these securities, in any\njurisdiction in which such offer, solicitation or sale would be unlawful prior\nto registration or qualification under the securities laws of such\njurisdiction. The securities have not been and will not be registered under\nthe United States Securities Act of 1933, as amended (the “U.S. Securities\nAct”), or any state securities laws, and may not be offered or sold within\nthe United States unless an exemption from such registration is available.\n\nAbout Kirkland Lake Discoveries Corp.\n\nKirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) has assembled a\n420 km(2) exploration portfolio in the Kirkland Lake region of Ontario’s\nAbitibi Greenstone Belt, one of the most prolific mining districts in the\nworld. The Company’s properties span key fault zones, geophysical anomalies\nand volcanic-sedimentary contacts within the Blake River Group, a highly\nprospective assemblage known to host both gold and polymetallic\nmassive-sulphide deposits.\n\nWith exploration permits in place, the Company is positioned to advance a\npipeline of drill-ready targets at KL South, KL West and KL East, supported by\nanomalous soil trends, historical mineral showings and structurally controlled\nintersections.\n\nFor further information, please contact: \nStefan Sklepowicz\nChief Executive Officer\nPhone: 226-979-3515\nEmail: stefan@kirklandlakediscoveries.com\nWebsite: www.kirklandlakediscoveries.com\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCAUTION REGARDING FORWARD-LOOKING INFORMATION\nAll statements, other than statements of historical fact, contained in this\nnews release constitute “forward-looking information” within the meaning\nof applicable Canadian securities laws and “forward-looking statements”\nwithin the meaning of the United States Private Securities Litigation Reform\nAct of 1995 (referred to herein as “forward-looking statements”).\nForward-looking statements include, but are not limited to, the completion of\nthe Offering, the expected proceeds of the Offering, the use of proceeds from\nthe Offering, the anticipated date for closing of the Offering, the receipt of\nall necessary regulatory and other approvals, the expected incurrence by the\nCompany of eligible Canadian exploration expenses that will qualify as\nflow-through mining expenditures, the renunciation by the Company of the\nCanadian exploration expenses (on a pro rata basis) to each subscriber by no\nlater than December 31, 2026, the Company’s future exploration plans with\nrespect to its property interests and the timing thereof, the prospective\nnature of the projects, future price of gold, success of exploration\nactivities and metallurgical test work, permitting time lines, currency\nexchange rate fluctuations, requirements for additional capital, government\nregulation of exploration work, environmental risks, unanticipated reclamation\nexpenses, title disputes or claims and limitations on insurance coverage.\nGenerally, these forward-looking statements can be identified by the use of\nforward-looking terminology such as “plans”, “expects” or “does not\nexpect”, “is expected”, “budget”, “scheduled”, “estimates”,\n“forecasts”, “intends”, “anticipates” or “does not anticipate”\nor “believes”, or the negative connotation thereof or variations of such\nwords and phrases or state that certain actions, events or results, “may”,\n“could”, “would”, “will”, “might” or “will be taken”,\n“occur” or “be achieved” or the negative connotation thereof.\n\nAll forward-looking statements are based on various assumptions, including,\nwithout limitation, the expectations and beliefs of management, the assumed\nlong-term price of gold, that the Company will receive required permits and\naccess to surface rights, that the Company can access financing, appropriate\nequipment and sufficient labour, and that the political environment within\nCanada will continue to support the development of mining projects, and the\navailability of financing and all applicable regulatory approvals.\n\nForward-looking statements are subject to known and unknown risks,\nuncertainties and other factors that may cause the actual results, level of\nactivity, performance or achievements of Kirkland to be materially different\nfrom those expressed or implied by such forward-looking statements, including\nbut not limited to: actual results of current exploration activities;\nenvironmental risks; future prices of gold; operating risks; accidents, labour\nissues and other risks of the mining industry; availability of capital, delays\nin obtaining government or regulatory approvals or financing; and other risks\nand uncertainties. These risks and uncertainties and the additional risks\ndescribed in the Company’s most recently filed annual and interim MD&A are\nnot and should not be construed as being exhaustive.\n\nAlthough the Company has attempted to identify important factors that could\ncause actual results to differ materially from those contained in\nforward-looking statements, there may be other factors that cause results not\nto be as anticipated, estimated or intended. There can be no assurance that\nsuch statements will prove to be accurate, as actual results and future events\ncould differ materially from those anticipated in such statements. In\naddition, forward-looking statements are provided solely for the purpose of\nproviding information about management’s current expectations and plans and\nallowing investors and others to get a better understanding of our operating\nenvironment. Accordingly, readers should not place undue reliance on\nforward-looking statements.\n\nForward-looking statements in this news release are made as of the date hereof\nand the Company assumes no obligation to update any forward-looking\nstatements, except as required by applicable laws.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/82ca4ca1-6379-4c6c-af5b-2194a0562433)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2gpgjm-20260917","title":"Kirkland Lake Discoveries Corp. Announces Brokered Private Placement","author":"Globe Newswire","ticker":"KLDC","created":"2026-09-17T20:33:57.101Z","tickers":["KLDC"],"exchange":"","article_body":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION\nIN THE UNITED STATES\n\nVANCOUVER, British Columbia, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Kirkland Lake\nDiscoveries Corp. (TSXV: KLDC) (“Kirkland” or the “Company”) announces\nthat it has entered into an engagement letter with Canaccord Genuity Corp.\n(“Canaccord Genuity”) pursuant to which Canaccord Genuity and a syndicate\nof agents (collectively, the “Agents”) will act as agents in connection\nwith a “best efforts” private placement (the “Offering”) by the\nCompany of (i) flow-through common shares (the “FT Shares”) of the Company\nat a price of $0.40 per FT Share, and special flow-through common shares (the\n“Special FT Shares”) of the Company at a price of $0.483 per Special FT\nShare, in any combination, for aggregate gross proceeds of up to approximately\n$10,000,000; and (ii) up to 14,285,714 common shares (the “HD Shares” and,\ntogether with the FT Shares and the Special FT Shares, the “Offered\nSecurities”) of the Company at a price of $0.35 per HD Share for gross\nproceeds of up to approximately $5,000,000. Each of the FT Shares and Special\nFT Shares will qualify as a “flow-through share” for the purposes of the\nIncome Tax Act (Canada).\n\nIn addition, the Company has granted the Agents an option to sell up to\n$2,250,000 of additional Offered Securities (the “Agents’ Option”) on\nthe same terms and conditions, exercisable in whole or in part at any time up\nto 48 hours prior to the closing date of the Offering. The Agents’ Option\nmay be exercised for FT Shares, Special FT Shares, HD Shares or a combination\nthereof (as agreed between the Company and the Agents) at the respective\noffering prices.\n\nThe Offering is expected to close on or about October 8, 2026, and is subject\nto certain conditions including, but not limited to, the receipt of all\nnecessary approvals including the approval of the TSX Venture Exchange. The\nOffered Securities will be subject to a hold period of four months and one day\nfrom the closing of the Offering.\n\nThe Company agrees and covenants that it will use an amount equal to the gross\nproceeds received by the Company from the sale of the FT Shares and the\nSpecial FT Shares, pursuant to the provisions in the Income Tax Act (Canada),\nto incur eligible “Canadian exploration expenses” that qualify as\n“flow-through mining expenditures” as both terms are defined in the Income\nTax Act (Canada) (the “Qualifying Expenditures”) on or before December 31,\n2027, and to renounce all the Qualifying Expenditures in favour of the\nsubscribers of the FT Shares and the Special FT Shares with an effective date\nof no later than December 31, 2026. In the event the Company is unable to\nrenounce Qualifying Expenditures effective on or prior to December 31, 2026\nfor each FT Share and Special FT Share purchased in an aggregate amount not\nless than the gross proceeds of the sale of the FT Shares and the Special FT\nShares and/or the Qualifying Expenditures are otherwise reduced by the Canada\nRevenue Agency, the Company will indemnify each subscriber for the additional\ntaxes payable by such subscriber as a result of the Company’s failure to\nrenounce the Qualifying Expenditures or as a result of the reduction as\nagreed. The net proceeds from the issue and sale of the HD Shares are intended\nto be used for general corporate purposes.\n\nThis news release does not constitute an offer to sell or the solicitation of\nan offer to buy, nor shall there be any sale of these securities, in any\njurisdiction in which such offer, solicitation or sale would be unlawful prior\nto registration or qualification under the securities laws of such\njurisdiction. The securities have not been and will not be registered under\nthe United States Securities Act of 1933, as amended (the “U.S. Securities\nAct”), or any state securities laws, and may not be offered or sold within\nthe United States unless an exemption from such registration is available.\n\nAbout Kirkland Lake Discoveries Corp.\n\nKirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) has assembled a\n420 km(2) exploration portfolio in the Kirkland Lake region of Ontario’s\nAbitibi Greenstone Belt, one of the most prolific mining districts in the\nworld. The Company’s properties span key fault zones, geophysical anomalies\nand volcanic-sedimentary contacts within the Blake River Group, a highly\nprospective assemblage known to host both gold and polymetallic\nmassive-sulphide deposits.\n\nWith exploration permits in place, the Company is positioned to advance a\npipeline of drill-ready targets at KL South, KL West and KL East, supported by\nanomalous soil trends, historical mineral showings and structurally controlled\nintersections.\n\nFor further information, please contact: \nStefan Sklepowicz\nChief Executive Officer\nPhone: 226-979-3515\nEmail: stefan@kirklandlakediscoveries.com\nWebsite: www.kirklandlakediscoveries.com\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCAUTION REGARDING FORWARD-LOOKING INFORMATION\nAll statements, other than statements of historical fact, contained in this\nnews release constitute “forward-looking information” within the meaning\nof applicable Canadian securities laws and “forward-looking statements”\nwithin the meaning of the United States Private Securities Litigation Reform\nAct of 1995 (referred to herein as “forward-looking statements”).\nForward-looking statements include, but are not limited to, the completion of\nthe Offering, the expected proceeds of the Offering, the use of proceeds from\nthe Offering, the anticipated date for closing of the Offering, the receipt of\nall necessary regulatory and other approvals, the expected incurrence by the\nCompany of eligible Canadian exploration expenses that will qualify as\nflow-through mining expenditures, the renunciation by the Company of the\nCanadian exploration expenses (on a pro rata basis) to each subscriber by no\nlater than December 31, 2026, the Company’s future exploration plans with\nrespect to its property interests and the timing thereof, the prospective\nnature of the projects, future price of gold, success of exploration\nactivities and metallurgical test work, permitting time lines, currency\nexchange rate fluctuations, requirements for additional capital, government\nregulation of exploration work, environmental risks, unanticipated reclamation\nexpenses, title disputes or claims and limitations on insurance coverage.\nGenerally, these forward-looking statements can be identified by the use of\nforward-looking terminology such as “plans”, “expects” or “does not\nexpect”, “is expected”, “budget”, “scheduled”, “estimates”,\n“forecasts”, “intends”, “anticipates” or “does not anticipate”\nor “believes”, or the negative connotation thereof or variations of such\nwords and phrases or state that certain actions, events or results, “may”,\n“could”, “would”, “will”, “might” or “will be taken”,\n“occur” or “be achieved” or the negative connotation thereof.\n\nAll forward-looking statements are based on various assumptions, including,\nwithout limitation, the expectations and beliefs of management, the assumed\nlong-term price of gold, that the Company will receive required permits and\naccess to surface rights, that the Company can access financing, appropriate\nequipment and sufficient labour, and that the political environment within\nCanada will continue to support the development of mining projects, and the\navailability of financing and all applicable regulatory approvals.\n\nForward-looking statements are subject to known and unknown risks,\nuncertainties and other factors that may cause the actual results, level of\nactivity, performance or achievements of Kirkland to be materially different\nfrom those expressed or implied by such forward-looking statements, including\nbut not limited to: actual results of current exploration activities;\nenvironmental risks; future prices of gold; operating risks; accidents, labour\nissues and other risks of the mining industry; availability of capital, delays\nin obtaining government or regulatory approvals or financing; and other risks\nand uncertainties. These risks and uncertainties and the additional risks\ndescribed in the Company’s most recently filed annual and interim MD&A are\nnot and should not be construed as being exhaustive.\n\nAlthough the Company has attempted to identify important factors that could\ncause actual results to differ materially from those contained in\nforward-looking statements, there may be other factors that cause results not\nto be as anticipated, estimated or intended. There can be no assurance that\nsuch statements will prove to be accurate, as actual results and future events\ncould differ materially from those anticipated in such statements. In\naddition, forward-looking statements are provided solely for the purpose of\nproviding information about management’s current expectations and plans and\nallowing investors and others to get a better understanding of our operating\nenvironment. Accordingly, readers should not place undue reliance on\nforward-looking statements.\n\nForward-looking statements in this news release are made as of the date hereof\nand the Company assumes no obligation to update any forward-looking\nstatements, except as required by applicable laws.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/82ca4ca1-6379-4c6c-af5b-2194a0562433)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-17T20:33:57.139961186Z","server_sent_at_ms":1789677237139},"received_at":"2026-09-17T20:33:57.367Z","source_url":null},"analysis":{"id":"135793","press_release_id":"146961","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Total raise of up to ~$17.25M including the Agents' Option represents significant potential dilution for a TSXV micro-cap","$5M HD common-share tranche earmarked for general corporate purposes rather than exploration","Indemnity obligation to flow-through subscribers if qualifying expenditures are not renounced by December 31, 2026"],"eventType":"offering","narrative":"Kirkland Lake Discoveries has engaged Canaccord Genuity to run a best-efforts private placement of up to roughly $15 million: $10 million of flow-through shares priced at $0.40 and $0.483, plus up to 14,285,714 common shares at $0.35 for up to $5 million, with a $2.25 million agents' option on top. Closing is targeted for on or about October 8, 2026, subject to TSX Venture Exchange approval, with a four-month-and-one-day hold period.\n\nFlow-through proceeds must be spent on qualifying Canadian exploration expenses renounced to subscribers by December 31, 2026, and the company indemnifies subscribers for extra taxes if renunciation fails or the CRA reduces the expenditures; HD share proceeds are earmarked for general corporate purposes.\n\nFor a micro-cap explorer holding a 420 km2 portfolio in Ontario's Abitibi Greenstone Belt, the raise funds drill-ready targets at KL South, KL West and KL East — necessary exploration capital, but meaningful potential dilution for existing holders.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Sizable but routine junior-gold financing — watch for TSXV approval and final gross proceeds at the October 8 closing."},"keyFigures":{"dealValueUsd":"up to approximately $15,000,000 ($10,000,000 FT/Special FT tranche + $5,000,000 HD tranche), before the $2,250,000 Agents' Option","sharesOffered":"up to 14,285,714 HD (common) shares; FT and Special FT share counts not stated","customDimensions":{"hold_period":"four months and one day","agents_option":"$2,250,000","expected_close":"on or about October 8, 2026","ft_share_price":0.4,"hd_share_price":0.35,"ft_gross_proceeds":"$10,000,000","hd_gross_proceeds":"$5,000,000","special_ft_share_price":0.483}},"quotedText":"","namedEntities":{"people":[{"name":"Stefan Sklepowicz","role":"Chief Executive Officer"}],"products":["KL South","KL West","KL East"],"companies":[{"name":"Kirkland Lake Discoveries Corp.","ticker":"KLDC","relationship":"filer/issuer"},{"name":"Canaccord Genuity Corp.","relationship":"lead agent"}],"dollarAmounts":[{"amount":"$10,000,000","context":"maximum aggregate gross proceeds from FT Shares and Special FT Shares"},{"amount":"$5,000,000","context":"maximum gross proceeds from HD Shares"},{"amount":"$2,250,000","context":"Agents' Option for additional Offered Securities"},{"amount":"$0.40","context":"price per FT Share"},{"amount":"$0.483","context":"price per Special FT Share"},{"amount":"$0.35","context":"price per HD Share"}]},"materialImpact":{"score":3,"reasoning":"A best-efforts private placement of up to ~$15M gross (plus a $2.25M agents' option) is a sizable financing for a TSXV micro-cap explorer and is dilutive, but it is a standard, non-distress junior-miner raise with proceeds earmarked primarily for exploration. No prior close is disclosed, so no below-market pricing can be assessed."},"tickerRelevance":{"others":[{"ticker":"KLKLF","relevance":"OTCQB quotation of the same issuer (Kirkland Lake Discoveries Corp.)"}],"primary":"KLDC"},"globalImportance":20,"audienceRelevance":15,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap TSXV issuer with OTCQB quotation","eventGravity":"private placement up to ~$17.25M including agents' option","issuerAuthored":true,"marketCapAdjustment":"raise size is material relative to issuer but standard for junior explorers","retailFavoriteBoost":"minor — niche junior gold exploration audience"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":3,"narrative":"Kirkland Lake Discoveries has engaged Canaccord Genuity to run a best-efforts private placement of up to roughly $15 million: $10 million of flow-through shares priced at $0.40 and $0.483, plus up to 14,285,714 common shares at $0.35 for up to $5 million, with a $2.25 million agents' option on top. Closing is targeted for on or about October 8, 2026, subject to TSX Venture Exchange approval, with a four-month-and-one-day hold period.\n\nFlow-through proceeds must be spent on qualifying Canadian exploration expenses renounced to subscribers by December 31, 2026, and the company indemnifies subscribers for extra taxes if renunciation fails or the CRA reduces the expenditures; HD share proceeds are earmarked for general corporate purposes.\n\nFor a micro-cap explorer holding a 420 km2 portfolio in Ontario's Abitibi Greenstone Belt, the raise funds drill-ready targets at KL South, KL West and KL East — necessary exploration capital, but meaningful potential dilution for existing holders.","key_figures":{"dealValueUsd":"up to approximately $15,000,000 ($10,000,000 FT/Special FT tranche + $5,000,000 HD tranche), before the $2,250,000 Agents' Option","sharesOffered":"up to 14,285,714 HD (common) shares; FT and Special FT share counts not stated","customDimensions":{"hold_period":"four months and one day","agents_option":"$2,250,000","expected_close":"on or about October 8, 2026","ft_share_price":0.4,"hd_share_price":0.35,"ft_gross_proceeds":"$10,000,000","hd_gross_proceeds":"$5,000,000","special_ft_share_price":0.483}},"named_entities":{"people":[{"name":"Stefan Sklepowicz","role":"Chief Executive Officer"}],"products":["KL South","KL West","KL East"],"companies":[{"name":"Kirkland Lake Discoveries Corp.","ticker":"KLDC","relationship":"filer/issuer"},{"name":"Canaccord Genuity Corp.","relationship":"lead agent"}],"dollarAmounts":[{"amount":"$10,000,000","context":"maximum aggregate gross proceeds from FT Shares and Special FT Shares"},{"amount":"$5,000,000","context":"maximum gross proceeds from HD Shares"},{"amount":"$2,250,000","context":"Agents' Option for additional Offered Securities"},{"amount":"$0.40","context":"price per FT Share"},{"amount":"$0.483","context":"price per Special FT Share"},{"amount":"$0.35","context":"price per HD Share"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-17T20:34:50.375Z","global_importance":20,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap TSXV issuer with OTCQB quotation","eventGravity":"private placement up to ~$17.25M including agents' option","issuerAuthored":true,"marketCapAdjustment":"raise size is material relative to issuer but standard for junior explorers","retailFavoriteBoost":"minor — niche junior gold exploration audience"}},"durationMs":50491,"modelName":"glm-5.3-flash"}}