Kirkland Lake Discoveries Raises CA$20 Million Via Brokered Private Placement Led by Eric Sprott
MT newswire2026/10/08 15:4211:42 AM EDT, 10/08/2026 (MT Newswires) -- Kirkland Lake Discoveries (KLDC.V) closed a brokered private placement led by Canadian billionaire Eric Sprott, that raised CA$20 million, it said Thursday. The company placed 29.5-million flow-through hares (FT shares) at CA$0.40 per FT share, for CA$11.8 million, and 5.7-million special flow-through shares (special FT shares) at CA$0.483 per special FT share for CA$2.8 million. It also sold 16.1-million common shares (HD shares) at CA$0.35 each for CA$5.6 million. Proceeds from the sale of the HD shares will be used for general corporate needs, it said. Shares of the company were last seen up CA$0.015, or 4.3%, to CA$0.365 on the TSX Venture Exchange. Price: 0.37, Change: +0.02, Percent Change: +4.29
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