Kirkland Lake Discoveries Announces Meeting Results and Launch of ‘KLDC Treasure Hunters’ Video Series
Kirkland Lake Discoveries has reported results from its annual general and special meeting of shareholders held on October 24, 2024, in Toronto. Shareholders approved all resolutions presented, including the election of four directors to the board, the appointment of Crowe MacKay LLP as auditor, and the approval of the Company’s Stock Option Plan. A total of 18,003,561 shares were voted, representing 20.31% of the issued and outstanding shares.
The Company also formalized the appointment of Stefan Sklepowicz as Chief Executive Officer. Sklepowicz, who served as interim CEO since May, brings robust expertise in resource exploration and stakeholder relations, positioning the Company to capitalize on growth opportunities. “We are confident that Stefan’s vision and operational expertise will drive Kirkland Lake Discoveries to new heights at such an exciting time for the Company,” said Chairman Denis Laviolette. “The Board of Directors is optimistic about the future under Mr. Sklepowicz’s leadership.”
Introducing ‘KLDC Treasure Hunters’ Video Series
Kirkland Lake Discoveries is thrilled to unveil “KLDC Treasure Hunters,” a new video series that brings viewers into the heart of the Company’s exploration efforts. Each episode offers a close-up look at fieldwork, showcasing the team’s geological insights, discoveries, and methods to unlock value across the Kirkland Lake properties. “I’ve always believed in transparency, and with the KLDC Treasure Hunters series, we can share more with shareholders than ever before,” said Sklepowicz. “Outfitted with GoPros and selfie sticks, our team will provide an insider view as discoveries happen.”
The series, available on the Company’s website and YouTube channel, offers shareholders a unique perspective on the exploration process and insights into Kirkland Lake Discoveries’ strategic approach.
Stock Option Grant
In accordance with its Stock Option Plan, the Company has granted 3,300,000 stock options to directors, officers, and contractors, exercisable at $0.05 per share for five years until November 6, 2029. The options are fully vested upon grant and are subject to TSX Venture Exchange approval.
About Kirkland Lake Discoveries Corp.
Kirkland Lake Discoveries Corp. holds a district-scale, highly prospective land package in Ontario’s Kirkland Lake Gold Camp, situated within the Abitibi Greenstone Belt—one of the most prolific greenstone belts globally, with over 200 million ounces of gold produced. The Company’s properties span approximately 38,000 hectares, featuring 1,338 claims and 29 patented claims, making Kirkland Lake Discoveries the largest landholder in the region. The properties are grouped into two key areas: KL East, which includes the Lucky Strike and Arnold Properties, and KL West, encompassing the Goodfish-Kirana and KL West Properties.
With a strategic focus on exploration within gold-rich structures associated with the Larder Lake Cadillac Deformation Zone, Kirkland Lake Discoveries is poised to advance exploration and development within one of the world’s premier gold regions.
Tags: Northern Ontario / Operational Updates / Gold / All Articles