(TheNewswire)
Toronto, Ontario – TheNewswire - December 5, 2024 – Gator Capital Ltd. ("Gator Capital") announces that, pursuant to the spinout transaction approved by the TSX Venture Exchange (the "Spinout"), it has acquired beneficial ownership and control of 3,797,128 common shares ("Common Shares") of Kairos Gold Inc. ("Kairos Gold") at a deemed price of approximately $0.1844 per Common Shares, representing approximately 18.40% of the 20,632,767 issued and outstanding Common Shares.
The Spinout transaction, completed by Lithium Chile Inc. ("Lithium Chile") on December 4, 2024, resulted in the distribution of Common Shares to shareholders of Lithium Chile, including Gator Capital. The transaction is part of Lithium Chile's strategy to restructure its asset portfolio, separating its gold exploration assets into a distinct entity. As a result of the Spinout transaction, Kairos Gold became a reporting issuer under securities legislation. The Spinout transaction is more fully described in the management information circular of Lithium Chile dated September 9, 2024, which is available on Lithium Chile's profile on SEDAR+ at www.sedarplus.ca.
Prior to the Spinout, Gator Capital held no securities of Kairos Gold. As a result of the Spinout, Gator Capital now holds 3,797,128 Common Shares, representing approximately 18.40% of the 20,632,767 issued and outstanding Common Shares.
Gator Capital acquired the Common Shares for investment purposes and may, from time to time, acquire additional securities of Kairos Gold or dispose of some or all of the securities it currently holds, depending on market conditions and other factors.
Gator Capital's address is located at 2967 Dundas St. W. Suite 79, Toronto, Ontario, M6P 1Z2. Kairos Gold's had office is located at Suite 700, 903 – 8th Avenue S.W., Calgary, Alberta, T2P 0P7. An early warning report will be filed by Gator Capital in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the early warning report to which this news release relates can be obtained from Amanda Chen at amandachan0708@gmail.com at 1 (626) 879-7611 or on Kairos Gold's SEDAR+ profile at www.sedarplus.ca.
Copyright (c) 2024 TheNewswire - All rights reserved.