- Business
- KGL Resources Ltd. is a Canada-based capital pool company that seeks suitable assets and businesses for acquisition, merger, reverse takeover or other qualifying transactions. The Company does not currently generate revenue from operations and has no material operating products or services; its principal activities comprise identifying, assessing, negotiating and pursuing prospective corporate transactions, including opportunities in the natural-resources and broader business sectors. KGL Resources Ltd. was incorporated in 2006, is headquartered in Toronto, Ontario, Canada, and was formerly known as Kilo Goldmines Ltd., having adopted its current name in March 2021. The Company was previously engaged in the acquisition, exploration and evaluation of gold mineral-resource properties. In February 2026, Arnold Kondrat acquired approximately 60.23% of the Company’s issued and outstanding common shares in a private transaction, was appointed President and Chief Executive Officer subject to regulatory approval, and replaced Donat Madilo as CEO; concurrently, the Company proposed a non-brokered private placement of up to 10.0 million common shares at C$0.075 per share for gross proceeds of up to C$750,000. In May 2026, KGL Resources changed its NEX Board trading symbol from KGL.H to KLT.H, effective May 13, 2026, to avoid confusion with a foreign issuer using the KGL symbol; its ISIN and CUSIP identifiers remained unchanged.