{"id":61829,"date":"2026-02-11T17:29:22","date_gmt":"2026-02-11T11:59:22","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/2026\/02\/11\/disposition-of-shares\/"},"modified":"2026-02-11T17:29:22","modified_gmt":"2026-02-11T11:59:22","slug":"disposition-of-shares","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2026\/02\/11\/disposition-of-shares\/","title":{"rendered":"Disposition of Shares"},"content":{"rendered":"

<\/p>\n

Toronto, Ontario–(Newsfile Corp. – February 11, 2026) – Loncor Gold Inc. (“Loncor<\/b>“) reports that it disposed of on February 10, 2026 8,857,142 common shares of KGL Resources Ltd. (“KGL<\/b>“), representing approximately 60.23% of the 14,706,632 issued and outstanding common shares of KGL. The said 8,857,142 common shares of KGL (the “KGL Shares<\/b>“) represented all of the securities of KGL held by Loncor such that, as a result of this disposition, Loncor no longer owns any common shares or other securities of KGL. <\/p>\n

Loncor disposed of the KGL Shares by way of a private agreement as part of a divesture transaction carried out by Loncor in connection with a plan of arrangement transaction (the “Arrangement<\/b>“) providing for the acquisition of Loncor. This divesture transaction involved Loncor disposing of certain assets which included the KGL Shares. Loncor and the buyer of the KGL Shares (the “Buyer<\/b>“) agreed in the agreement for the divesture transaction that the value of the consideration for the KGL Shares shall be an aggregate of Cdn$620,000 (or approximately Cdn$0.07 per KGL Share). This consideration was satisfied by way of the Buyer accepting a reduction in the Buyer’s compensation entitlement resulting from the closing of the Arrangement. Loncor does not have any intention to acquire additional securities of KGL. <\/p>\n

The “early warning” disclosure above is issued pursuant to National Instrument 62-103 \u2013\u00a0The Early Warning System and Related Take-Over Bid and Insider Reporting Issues<\/i>, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which KGL is a reporting issuer containing information with respect to the foregoing matters (the “Early Warning Report<\/b>“). The Early Warning Report containing additional information with respect to the foregoing matters will be filed and made available under the SEDAR+ profile of KGL at www.sedarplus.ca<\/a>.<\/p>\n

KGL’s and Loncor’s address is 4120 Yonge Street, Suite 304, Toronto, Ontario, M2P 2B8, Canada. For further information or to obtain a copy of the Early Warning Report, please contact: <\/p>\n

\n

Donat Madilo (CFO of Loncor) \u2013 (416) 366-7300<\/p>\n<\/div>\n

\"Corporate<\/p>\n

To view the source version of this press release, please visit https:\/\/www.newsfilecorp.com\/release\/283525<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Toronto, Ontario–(Newsfile Corp. – February 11, 2026) – Loncor Gold Inc. (“Loncor“) reports that it disposed of on February 10, 2026 8,857,142 common shares of KGL Resources Ltd. (“KGL“), representing approximately 60.23% of the 14,706,632 issued and outstanding common shares of KGL. 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