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Kermode Resources Ltd. — Capital/Financing Update 2023
Jun 13, 2023
42496_rns_2023-06-13_0db810f1-91c7-4860-bd88-86bf6c616406.pdf
Capital/Financing Update
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FORM 51-102F3 MATERIAL CHANGE REPORT
1.
Name and Address of Company
Kermode Resources Ltd. (the “Company”) 1 - 505 Fisgard Street Victoria, British Columbia V8W 1R3
2.
Date of Material Change
June 13, 2023
3. News Release
The Company disseminated a news release in respect of the private placement announced June 9, 2023.
4. Summary of Material Change
Kermode has issued 5,000,000 shares of the Company at a price of $0.01 per share. There are no warrants. Kermode now has 174,758,041 shares issued and outstanding.
5.1 Full Description of Material Change
The proceeds will be used for general working capital purposes. The proceeds of the financing will not primarily be used to pay management fees or for investor relations activities, and there will be no payments to related parties of the Company. Detailed use of proceeds includes $25,000 for corporate costs and $25,000 for exploration spending.
5.2 Disclosure for Restructuring Transaction
Not applicable.
6. Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
7.
Omitted Information
No significant facts required to be disclosed have been omitted.
8. Executive Officer
Name: PETER BELL
Officer: Chief Executive Officer
Telephone: 1-250-588-6939
Email: [email protected]
Website: https://linktr.ee/peterbell
9.
Date of Report
June 13, 2023