Kirkland Lake Discoveries Announces Closing of Private Placement

Toronto, Ontario–(Newsfile Corp. – December 24, 2024) – Kirkland Lake Discoveries Corp. (TSXV: KLDC) (the “Company“) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering“) pursuant to which it has issued (i) 12,552,852 flow-through units (“FT Units“) at a price of $0.07 per FT Unit; and (ii) 9,250,000 units (“Units“) at a price of $0.05 per Unit, to raise aggregate gross proceeds of up to $1,341,199. Each Unit consists of one common share of the Company (a “Common Share“) and one share purchase warrant exercisable to acquire one additional Common Share at an exercise price of $0.08 for a period of 36 months from the date of issuance thereof. Each FT Unit consists of one “flow-through” Common Share and one-half of one share purchase warrant, with each whole share purchase warrant exercisable to acquire one additional Common Share at a price of $0.12 for a period of 36…