{"success":true,"data":{"pressRelease":{"id":"149812","rtpr_id":"nGNXcfPc9K-20260922","ticker":"KLDC","exchange":"","all_tickers":["KLDC"],"title":"Kirkland Lake Discoveries Corp. Announces Upsized Brokered Private Placement","author":"Globe Newswire","published_at":"2026-09-22T13:15:48.106Z","article_body":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION\nIN THE UNITED STATES\n\nVANCOUVER, British Columbia, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Kirkland Lake\nDiscoveries Corp. (TSXV: KLDC) (“Kirkland” or the “Company”) announces\nthat, further to its news release dated September 17, 2026, it has entered\ninto an amendment agreement with Canaccord Genuity Corp. (“Canaccord\nGenuity”) pursuant to which Canaccord Genuity and a syndicate of agents\n(collectively, the “Agents”) have agreed to upsize the previously\nannounced “best efforts” private placement (the “Offering”) by the\nCompany which shall now consist of (i) flow-through common shares (the “FT\nShares”) of the Company at a price of $0.40 per FT Share, and special\nflow-through common shares (the “Special FT Shares”) of the Company at a\nprice of $0.483 per Special FT Share, in any combination, for aggregate gross\nproceeds of up to approximately $12,292,662; and (ii) up to 14,285,714 common\nshares (the “HD Shares”) of the Company at a price of $0.35 per HD Share\nfor gross proceeds of up to approximately $5,000,000. Each of the FT Shares\nand Special FT Shares will qualify as a “flow-through share” for the\npurposes of the Income Tax Act (Canada).\n\nIn addition, the Agents and the Company have agreed to amend and increase the\nsize of the option granted to the Agents, such that the Company has granted\nthe Agents an option to sell up to approximately C$2,873,278 of additional FT\nShares, HD Shares or a combination thereof (as agreed between the Company and\nthe Agents) at the respective offering prices and on the same terms and\nconditions, exercisable in whole or in part at any time up to 48 hours prior\nto the closing date of the Offering.\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. All\nother terms of the Offering remain unchanged. For further details, please\nrefer to the news release of the Company dated September 17, 2026 available on\nSEDAR+ at www.sedarplus.ca.\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 anticipated date for\nclosing of the Offering, the receipt of all necessary regulatory and other\napprovals, the Company’s future exploration plans with respect to its\nproperty interests and the timing thereof, the prospective nature of the\nprojects, future price of gold, success of exploration activities and\nmetallurgical test work, permitting time lines, currency exchange rate\nfluctuations, requirements for additional capital, government regulation of\nexploration work, environmental risks, unanticipated reclamation expenses,\ntitle disputes or claims and limitations on insurance coverage. Generally,\nthese 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":"nGNXcfPc9K-20260922","title":"Kirkland Lake Discoveries Corp. Announces Upsized Brokered Private Placement","author":"Globe Newswire","ticker":"KLDC","created":"2026-09-22T13:15:48.106Z","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. 22, 2026 (GLOBE NEWSWIRE) -- Kirkland Lake\nDiscoveries Corp. (TSXV: KLDC) (“Kirkland” or the “Company”) announces\nthat, further to its news release dated September 17, 2026, it has entered\ninto an amendment agreement with Canaccord Genuity Corp. (“Canaccord\nGenuity”) pursuant to which Canaccord Genuity and a syndicate of agents\n(collectively, the “Agents”) have agreed to upsize the previously\nannounced “best efforts” private placement (the “Offering”) by the\nCompany which shall now consist of (i) flow-through common shares (the “FT\nShares”) of the Company at a price of $0.40 per FT Share, and special\nflow-through common shares (the “Special FT Shares”) of the Company at a\nprice of $0.483 per Special FT Share, in any combination, for aggregate gross\nproceeds of up to approximately $12,292,662; and (ii) up to 14,285,714 common\nshares (the “HD Shares”) of the Company at a price of $0.35 per HD Share\nfor gross proceeds of up to approximately $5,000,000. Each of the FT Shares\nand Special FT Shares will qualify as a “flow-through share” for the\npurposes of the Income Tax Act (Canada).\n\nIn addition, the Agents and the Company have agreed to amend and increase the\nsize of the option granted to the Agents, such that the Company has granted\nthe Agents an option to sell up to approximately C$2,873,278 of additional FT\nShares, HD Shares or a combination thereof (as agreed between the Company and\nthe Agents) at the respective offering prices and on the same terms and\nconditions, exercisable in whole or in part at any time up to 48 hours prior\nto the closing date of the Offering.\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. All\nother terms of the Offering remain unchanged. For further details, please\nrefer to the news release of the Company dated September 17, 2026 available on\nSEDAR+ at www.sedarplus.ca.\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 anticipated date for\nclosing of the Offering, the receipt of all necessary regulatory and other\napprovals, the Company’s future exploration plans with respect to its\nproperty interests and the timing thereof, the prospective nature of the\nprojects, future price of gold, success of exploration activities and\nmetallurgical test work, permitting time lines, currency exchange rate\nfluctuations, requirements for additional capital, government regulation of\nexploration work, environmental risks, unanticipated reclamation expenses,\ntitle disputes or claims and limitations on insurance coverage. Generally,\nthese 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":"2026-09-22T13:15:48.152403719Z","server_sent_at_ms":1790082948152},"received_at":"2026-09-22T13:15:48.207Z","source_url":"https://www.globenewswire.com/news-release/2026/09/22/3366464/0/en/kirkland-lake-discoveries-corp-announces-upsized-brokered-private-placement.html"},"analysis":{"id":"138505","press_release_id":"149812","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["upsized private placement will dilute existing shareholders","flow-through structure implies exploration spend obligations","offering remains subject to TSXV approval and closing conditions"],"eventType":"offering","narrative":"Kirkland Lake Discoveries has upsized its brokered private placement via an amendment agreement with Canaccord Genuity and a syndicate of agents.\n\nThe offering now comprises FT Shares at $0.40 and Special FT Shares at $0.483 for up to approximately $12,292,662, plus up to 14,285,714 HD Shares at $0.35 for up to approximately $5,000,000, with an agents' option of about C$2,873,278 more.\n\nClosing is expected on or about October 8, 2026, subject to TSX Venture Exchange approval; the raise funds a 420 km2 exploration portfolio in Ontario's Abitibi Greenstone Belt but meaningfully dilutes existing shareholders.","sentiment":"neutral","agentHooks":{"shouldPost":true,"suggestedAngle":"Micro-cap gold explorer nearly doubles its financing to ~C$17.3M with an upsized placement -- runway for Abitibi drilling, at the cost of dilution."},"keyFigures":{"dealValueUsd":12292662,"offeringPrice":0.35,"sharesOffered":14285714,"customDimensions":{"agents_option":"approximately C$2,873,278 additional shares","expected_close":"on or about October 8, 2026","ft_share_price":0.4,"hd_share_price":0.35,"special_ft_share_price":0.483,"gross_proceeds_ft_shares":"approximately $12,292,662","gross_proceeds_hd_shares":"approximately $5,000,000"}},"namedEntities":{"people":[{"name":"Stefan Sklepowicz","role":"Chief Executive Officer"}],"products":[],"companies":[{"name":"Kirkland Lake Discoveries Corp.","ticker":"KLDC","relationship":"filer/issuer"},{"name":"Canaccord Genuity Corp.","relationship":"lead agent"}],"dollarAmounts":[{"amount":"$12,292,662","context":"aggregate gross proceeds from FT and Special FT Shares"},{"amount":"$5,000,000","context":"gross proceeds from up to 14,285,714 HD Shares"},{"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"},{"amount":"C$2,873,278","context":"agents' option for additional shares"}]},"materialImpact":{"score":3,"reasoning":"Upsized private placement raising up to ~C$17.3M in a micro-cap explorer plus an agents' option; meaningful dilution but a funding success for exploration, with no pricing discount vs prior close stated in the article."},"tickerRelevance":{"others":[],"primary":"KLDC"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":["dilution"],"importanceComponents":{"exchange":"TSXV","tickerTier":"micro-cap","eventGravity":"upsized_private_placement","issuerAuthored":true}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":3,"narrative":"Kirkland Lake Discoveries has upsized its brokered private placement via an amendment agreement with Canaccord Genuity and a syndicate of agents.\n\nThe offering now comprises FT Shares at $0.40 and Special FT Shares at $0.483 for up to approximately $12,292,662, plus up to 14,285,714 HD Shares at $0.35 for up to approximately $5,000,000, with an agents' option of about C$2,873,278 more.\n\nClosing is expected on or about October 8, 2026, subject to TSX Venture Exchange approval; the raise funds a 420 km2 exploration portfolio in Ontario's Abitibi Greenstone Belt but meaningfully dilutes existing shareholders.","key_figures":{"dealValueUsd":12292662,"offeringPrice":0.35,"sharesOffered":14285714,"customDimensions":{"agents_option":"approximately C$2,873,278 additional shares","expected_close":"on or about October 8, 2026","ft_share_price":0.4,"hd_share_price":0.35,"special_ft_share_price":0.483,"gross_proceeds_ft_shares":"approximately $12,292,662","gross_proceeds_hd_shares":"approximately $5,000,000"}},"named_entities":{"people":[{"name":"Stefan Sklepowicz","role":"Chief Executive Officer"}],"products":[],"companies":[{"name":"Kirkland Lake Discoveries Corp.","ticker":"KLDC","relationship":"filer/issuer"},{"name":"Canaccord Genuity Corp.","relationship":"lead agent"}],"dollarAmounts":[{"amount":"$12,292,662","context":"aggregate gross proceeds from FT and Special FT Shares"},{"amount":"$5,000,000","context":"gross proceeds from up to 14,285,714 HD Shares"},{"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"},{"amount":"C$2,873,278","context":"agents' option for additional shares"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-22T17:05:32.982Z","global_importance":15,"audience_relevance":10,"importance_components":{"exchange":"TSXV","tickerTier":"micro-cap","eventGravity":"upsized_private_placement","issuerAuthored":true}},"durationMs":9994,"modelName":"glm-5.3-flash"}}