Kfgrf - Kfg Resources Ltd.

Discussion in 'Penny Stocks' started by Jon Alba, Aug 30, 2018.

  1. Jon Alba

    Jon Alba Senior Investor

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    KFG Resources to buy back up to 2.5 million shares

    2019-01-10 15:52 MT - News Release


    An anonymous director reports

    KFG RESOURCES ANNOUNCES INTENTION TO COMMENCE NORMAL COURSE ISSUER BID

    The TSX Venture Exchange has accepted KFG Resources Ltd.'s notice of intention to make a normal course issuer bid for common shares in the capital of the company through the facilities of the TSX-V. The Company intends to purchase, from time to time as it considers advisable over the 12-month period of the NCIB program, an aggregate of 2,500,000 Common Shares, representing approximately 5% of the Company's issued and outstanding Common Shares and approximately 6.15% of the Company's "public float" (as such term is defined under the TSX-V Corporate Finance Manual).

    The Company may commence the NCIB on January 15, 2019 and the NCIB will terminate on the earlier of the Company purchasing a total of 2,500,000 Common Shares, the Company providing a notice of termination, or the date that is 12 months following the commencement date. All purchases will be made through the facilities of the TSX-V at market prices and otherwise in accordance with the rules and policies of the TSX-V. All Common Shares acquired by the Company under the NCIB will be subsequently cancelled. The Company has appointed PI Financial Corp. to conduct the NCIB on its behalf.

    The board of directors of the Company believes that, from time to time, the market price of the Common Shares may not adequately reflect the Company's underlying value and future prospects and that, at such times, the purchase of the Common Shares represents an appropriate use of the Company's financial resources and would be in the best interests of the Company's shareholders.

    The Company's Common Shares are listed on the TSX-V, Vancouver, B.C., trading symbol "KFG".

    We seek Safe Harbor.

    © 2019 Canjex Publishing Ltd. All rights reserved.
     
  2. Jon Alba

    Jon Alba Senior Investor

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    KFG Resources purchases interest in West Hazel assets

    2019-02-22 07:52 MT - News Release


    Mr. Robert Kadane reports

    KFG RESOURCES LTD. PURCHASES PRODUCTION IN SASKATCHEWAN

    KFG Resources Ltd. has completed a production purchase in western Saskatchewan. A financial partnership was formed with Hillcrest Petroleum whereby the company purchased 15 per cent of Hillcrest's position in its West Hazel assets, which amounts to 75 per cent of the total interest available. Total consideration paid by the company to Hillcrest was $150,000 (approximately $113,000 (U.S.)). Four shut-in wells are being re-entered and returned to production after being shut in for four years. It will take a few weeks to ascertain how much production will be recovered (what the daily rate from all four wells will be). In addition, other potential on the lease is being evaluated (consisting of 220 acres) and KFG Resources has the right to participate in any further development of the assets at a level equal to its current percentage of Hillcrest's ownership.

    © 2019 Canjex Publishing Ltd. All rights reserved.
     
  3. Jon Alba

    Jon Alba Senior Investor

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    KFG Resources purchases interest in West Hazel assets

    2019-02-22 07:52 MT - News Release


    Mr. Robert Kadane reports

    KFG RESOURCES LTD. PURCHASES PRODUCTION IN SASKATCHEWAN

    KFG Resources Ltd. has completed a production purchase in western Saskatchewan. A financial partnership was formed with Hillcrest Petroleum whereby the company purchased 15 per cent of Hillcrest's position in its West Hazel assets, which amounts to 75 per cent of the total interest available. Total consideration paid by the company to Hillcrest was $150,000 (approximately $113,000 (U.S.)). Four shut-in wells are being re-entered and returned to production after being shut in for four years. It will take a few weeks to ascertain how much production will be recovered (what the daily rate from all four wells will be). In addition, other potential on the lease is being evaluated (consisting of 220 acres) and KFG Resources has the right to participate in any further development of the assets at a level equal to its current percentage of Hillcrest's ownership.

    © 2019 Canjex Publishing Ltd. All rights reserved.
     
  4. Jon Alba

    Jon Alba Senior Investor

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    October 2018 presentation from Hillcrest explaining the potential of West Hazel:
     
  5. Jon Alba

    Jon Alba Senior Investor

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    KFG Insider Buying:


    Filing date: 2019-02-22

    Transaction: 2019-02-22 $KFG
    KFG Resources Ltd Grassi, Giacomo
    4 - Director of Issuer
    Common Shares
    10 - Acquisition or disposition in the public market $11,055
    +201,000 vol
    $0.055 each 1,500,000
    Filing date: 2019-02-22

    Transaction: 2019-02-22 $KFG
    KFG Resources Ltd Haney, Kevin
    3 - 10% Security Holder of Issuer, 4 - Director of Issuer
    Common Shares
    10 - Acquisition or disposition in the public market $3,025
    +55,000 vol
    $0.055 each 7,110,000
    Filing date: 2019-02-06

    Transaction: 2019-01-31 $KFG
    KFG Resources Ltd KFG Resources Ltd.
    1 - Issuer
    Common Shares
    38 - Redemption, retraction, cancellation, repurchase $840.00
    +21,000 vol
    $0.04 each 21,000
    Filing date: 2019-02-06

    Transaction: 2019-01-31 $KFG
    KFG Resources Ltd KFG Resources Ltd.
    1 - Issuer
    Common Shares
    00 - Opening Balance-Initial SEDI Report
    Filing date: 2018-12-11

    Transaction: 2018-12-10 $KFG
    KFG Resources Ltd Kadane, Robert Andrews
    4 - Director of Issuer, 5 - Senior Officer of Issuer
    Common Shares
    11 - Acquisition or disposition carried out privately $1,621.312
    +50,666 vol
    $0.032 each 896,668
     

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