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Loncor Gold (OTC:KGLLF) disposed of 8,857,142 common shares of KGL Resources on February 10, 2026, representing 60.23% of KGL's 14,706,632 issued shares.
The KGL shares were sold as part of a divesture linked to a plan of arrangement for Loncor's acquisition, for aggregate consideration of C$620,000 (≈C$0.07 per share). Loncor no longer holds any KGL securities and does not intend to acquire more. An Early Warning Report will be filed on SEDAR+ with additional details.
KGL Resources (OTC:KGLLF) announced that Arnold Kondrat acquired 8,857,142 common shares on February 10, 2026, representing approximately 60.23% of 14,706,632 issued and outstanding shares on a non-diluted basis.
The shares were bought by private agreement for aggregate consideration of Cdn$620,000 (about C$0.07 per share), satisfied via a reduction in Kondrat's compensation entitlement arising from a seller's plan of arrangement. Kondrat relied on the private-agreement takeover bid exemption and will file an Early Warning Report under NI 62-103.