Melkior Resources partners with Kirkland Lake Gold
Melkior Resources (TSXV:MKR) announced yesterday that it received funding from Kirkland Lake Gold.
Melkior will raise $1,000,000 by way of a non-brokered private placement to Kirkland of up to 1,250,000 units at a price of $0.80 per unit.
Kirkland also acquired an option on Melkior's Carscallen Property, located 25 kms west of Timmins.
“We are extremely proud to announce this landmark equity investment and potential joint-venture agreement with one of the world’s most respected gold mining companies. We believe this may provide our shareholders with the upside of discovery with limited share dilution to advance the Property. Kirkland Lake Gold CEO Tony Makuch was President and CEO of Lake Shore Gold, from 2008 until its acquisition by Tahoe Resources in 2016. The operation was later acquired again by Pan American Silver, which shares a 9km border with our Carscallen gold project," said Jonathon Deluce, CEO of Melkior Resources.