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Kermode Resources Ltd. — M&A Activity 2025
Mar 13, 2025
42496_rns_2025-03-13_8c35e7c2-3a96-4fd8-8635-8f36a6cf2ee9.pdf
M&A Activity
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FORM 51-102F3
MATERIAL CHANGE REPORT
-
Name and Address of Company
Kermode Resources Ltd. (the "Company")
The King George,
905 W Pender St Building
6TH Floor
Vancouver, BC V6C 1L6 -
Date of Material Change
March 12, 2025 -
News Release
VANCOUVER, BC, March 12, 2025 – Kermode Resources Ltd. ("Kermode" or the "Company") (TSXV:KLM) is pleased to announce that it has completed its previously announced acquisition of 1521158 B.C. Ltd. ("1521"). 1521 owns a 100% interest in and to 25 claims in the Thunder Bay Mining Division in Ontario, totaling approximately 500 hectares, located approximately 8 km north of Pegmatite One Lithium and Gold Corp.'s (CSE:PGA) Frazer Lake Mount property and adjacent to Free Battery Metal Limited's (CSE:FREE) Mound Lake property. Pursuant to the Agreement, on closing, the Company issued an aggregate of 15,000,000 common shares of the Company to the former shareholders of 1521. -
Summary of Material Change
Kermode Resources Ltd. executes the option agreement to purchase certain claims in Ontario from a group of private individuals who are arm's length to Kermode.
5.1 Full Description of Material Change
The project includes 15 mineral claims covering approximately 500 hectares. The claims numbers are 776677, 776669, 776710, 776706, 776688, 776676, 776671, 776695, 776707, 776709, 776675, 776702, 776685, 776699, 776670, 776701, 776678, 776687, 776700, 776714, 776689, 776696, 776690, 776686, 776703.
TERMS OF THE PURCHASE OPTION:
| Date | Cash | Securities | Spending Req's |
|---|---|---|---|
| Exchange Approval | $0 | 15,000,000 | $0 |
WORK COMMITMENTS: None.
OTHER TERMS & CONDITIONS: None.
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/kermoderesources
9. Date of Report
March 13, 2025