New Risk • Jun 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.0m free cash flow). Earnings have declined by 56% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$9.94m market cap, or US$7.13m). New Risk • May 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.0m free cash flow). Earnings have declined by 56% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$9.44m market cap, or US$6.85m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). New Risk • Jan 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 62% per year over the past 5 years. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$9.48m market cap, or US$6.87m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Dec 31
Record Resources Inc., Annual General Meeting, Feb 27, 2026 Record Resources Inc., Annual General Meeting, Feb 27, 2026. Announcement • Dec 24
Record Resources Inc. announced that it has received CAD 1.8 million in funding On December 23, 2025. Record Resources Inc. announced that it has closed the transaction. In connection with the Offering, the Company paid the Agent a cash commission of CAD 133,527.99, and issued an aggregate of 2,225,467 non-transferable broker warrants and the Company paid an advisory fee of CAD 11,000 and issued 307,866 advisory warrants of the Company on the same terms as the Broker Warrants. Announcement • Dec 09
Record Resources Inc. announced that it expects to receive CAD 0.5 million in funding Record Resources Inc. announced a brokered private placement under LIFE Offering of Units of the company at a price per Unit of CAD 0.06 for gross proceeds of CAD 500,000 on December 8, 2025. It is expected that certain directors of the company may subscribe into the offering alongside investors. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. ach warrant shall entitle the holder thereof to purchase one common share at an exercise price of nine cents per common share for a period of 30 months following the closing of the offering. The company will grant the agent an option to increase the size by up to an additional 15 per cent of the number of units sold in the offering, by giving written notice of the exercise of the agent's option, or a part thereof, to the company at any time up to two business days prior to closing of the offering. The agent will receive a cash commission of 8% of the aggregate gross proceeds of the offering and such number of broker warrants as is equal to 8% of the number of units sold under the offering. Each broker warrant entitles the holder to purchase one unit at an exercise price equal to six cents for a period of 30 months following the closing. The closing of the offering is expected to occur on or about the week of December 22, 2025, or on such date as the agent and company may agree upon. Closing is subject to the company receiving all necessary regulatory approvals, including the conditional approval of the TSX Venture Exchange. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$373k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$373k free cash flow). Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 62% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.28m market cap, or US$1.66m). Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Corporate Secretary, Legal Counsel & Independent Director David Johnson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 30
Record Resources Inc. announced that it expects to receive CAD 1.025 million in funding Record Resources Inc announced a non-brokered offering of 10,500,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 525,000 and 9,090,909 flow-through shares at a price of CAD 0.055 per flow-through common share of the company for gross proceeds of CAD 4,99,999.995, for aggregate proceeds CAD 10,24,999.995 on April 29, 2025. Each unit consists of one common share and one share purchase warrant of the company. Each whole warrant is exercisable at a price of seven cents per share for a period of 24 months following the closing of the offering. Both the LIFE and flow-through offering are expected to close on or before May 30, 2025. The company may choose to close the LIFE offering earlier. Completion of the offerings are subject to certain conditions, including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. Both financings are subject to TSX Venture Exchange, regulatory and board approvals. Both the offerings are expected to close on or before May 30, 2025. Announcement • Mar 18
Record Resources Inc., Annual General Meeting, May 14, 2025 Record Resources Inc., Annual General Meeting, May 14, 2025. New Risk • Mar 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$239k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$239k free cash flow). Share price has been highly volatile over the past 3 months (61% average weekly change). Negative equity (-CA$31k). Earnings have declined by 65% per year over the past 5 years. Shareholders have been substantially diluted in the past year (159% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.95m market cap, or US$4.10m). Announcement • Jan 24
Record Resources Inc. Delivers Outstanding Drilling Results Record Resources Inc. is strongly impressed and highly encouraged by the drilling results of its Lake Temiskaming neighbour, Quebec Innovate Materials Corporation (QIMC). One shallow well drilled by QIMC reached a measurement 7,119 parts per million, plateauing at 2,886 ppm. Five other measurements included one of over 2,400 ppm, one of over 1,000 ppm and one of over 900 ppm. The results were recorded with wells drilled to shallow depths of up to 50 metres. The drilling locations in new fault zones inferred from electrical tomography imagery performed by the Institut National de la Recherche Scientifique during fall 2024. Record's newly acquired Lorrain-Bucke hydrogen property is contiguous with the QIMC on its western boundary in Lake Temiskaming in Ontario. Record's Lorrain-Bucke claim blocks are strategically located between major rift faults in the Lake Temiskaming Graben structure and directly adjacent to QIMC's St-Bruno-de-Guigues hydrogen project. Announcement • Dec 31
Record Resources Inc. announced that it has received CAD 0.437 million in funding On December 30, 2024. Record Resources Inc. Closed the transaction. it has issued 14,566,665 Units at a price of CAD 0.03 per unit for gross proceeds of CAD 436,999.95 Announcement • Nov 29
Record Resources Inc. announced that it has received CAD 0.48 million in funding On November 28, 2024, Record Resources Inc. closed the transaction. Under the terms of the newly announced private placement, the company is offering up to additional 5,000,000 Units at a price of CAD 0.03 per unit for the gross proceeds of CAD 150,000 for the aggregate gross proceeds of up to CAD 480,000 combined with the previous CAD 330,000 offering. Announcement • Nov 28
Record Resources Inc. (TSXV:REC) completed the acquisition of The Beauchamp Property. Record Resources Inc. (TSXV:REC) signed an an agreement to acquire The Beauchamp Property for CAD 0.35 million on November 19, 2024. In return for a 100 percent interest in the hydrogen claims, the vendor will receive CAD 39,000 in cash and 12,500,000 shares of Record Resources at an issue price of CAD 0.03 per share. Transaction is subject to TSX Venture Exchange, regulatory and board approvals.
Record Resources Inc. (TSXV:REC) completed the acquisition of The Beauchamp Property on November 28, 2024. New Risk • Jun 04
New major risk - Revenue and earnings growth Earnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$271k). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (129% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.64m market cap, or US$1.93m). Recent Insider Transactions • Mar 18
Chairman & CEO recently bought CA$391k worth of stock On the 12th of March, Michael Judson bought around 8m shares on-market at roughly CA$0.05 per share. This transaction increased Michael's direct individual holding by 4x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. New Risk • Mar 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 149% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$269k). Shareholders have been substantially diluted in the past year (149% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.26m market cap, or US$1.67m). Board Change • Feb 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Paul Craig was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Paul Craig was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 19
Record Resources Inc. announced that it expects to receive CAD 0.2 million in funding Record Resources Inc. announces non-brokered private placement of 5,714,286 Units at an issue price of CAD 0.035 per unit for gross proceeds of CAD 200,000 on December 19, 2023. Each Unit consists of one common share of the company and one common share warrant. Each warrant will entitle the holder to acquire a common share at CAD 0.06 per common share for twenty-four (24) months following the issuance of warrants. The transaction is subject to approval from TSX Venture Exchange, regulatory and board approvals. Board Change • Dec 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Paul Craig was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Paul Craig was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Paul Craig was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Paul Craig was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Paul Craig was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Paul Craig was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Paul Craig was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 11
Silk Road Energy Inc. announced that it expects to receive CAD 0.5 million in funding Silk Road Energy Inc. announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on January 10, 2023. Each units will consist of one common share and one half common share purchase warrant entitling the holder to purchase an additional common share at a price of CAD 0.10 per share for a period of 24 months s following the issuance of warrants. The transaction is conditional upon receipt of required regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued pursuant to the offering, as well as any compensation options issued to finders, will be subject to four months and a day statutory hold period in accordance with applicable Canadian securities laws. The transaction is expected to close on or about January 31, 2023. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Paul Craig was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 21
Silk Road Energy Inc. announced that it expects to receive CAD 0.1 million in funding Silk Road Energy Inc. announced a non-brokered private placement of up to 1,666,667 flow-through units at a price of CAD 0.06 per unit for gross proceeds of up to CAD 100,000 on December 20, 2022. Each flow-through units will consist of one common share and one common share purchase warrant entitling the holder to purchase an additional common share at a price of CAD 0.12 per share for a period of 24 months s following the issuance of warrants. The transaction is conditional upon receipt of required regulatory approvals, including the approval of the TSX Venture Exchange. The securities issued pursuant to the offering, as well as any compensation options issued to finders, will be subject to four months and a day statutory hold period in accordance with applicable Canadian securities laws. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Paul Craig was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 27
Silk Road Energy Inc. announced that it has received CAD 0.101 million in funding On October 26, 2022 Silk Road Energy Inc. closed the transaction. The company raised CAD 101,000 in the transaction. The company issued 483,333 common shares for proceeds of CAD 29,000 in its second tranche. The company issued 200,000 common shares for proceeds of CAD 12,000 in its final tranche. Board Change • Sep 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Paul Craig was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 21
Silk Road Energy Inc. Begins Preparing its Exploration Program for the Grenfell Gold Property in Kirkland Lake, Ontario Silk Road Energy Inc. reported that it has begun preparing its exploration program for the Grenfell gold property in Kirkland Lake, Ontario. Record Gold is presently gathering data from its partner, Pelangio Exploration Inc, from which it is earning an 80% interest in the property by spending $2 million on exploration work during the next five years and by making a one-time cash payment. Record Gold reports that it is studying historical exploration work as well as meeting with Pelangio management to work on a plan forward. The following results are paraphrased from Pelangio's news release dated March 9, 2020: drill hole JS2005 assayed 314 grams per tonne of gold over 1.74 metres (uncut). Hole JS2004 assayed 2.5 grams per tonne gold over 26 meters. Pelangio drilled eight holes in 2020 to evaluate two separate targets; the No. 1 and No. 6 veins (vein- zones) located near the historical shaft and another target called the southwest (SW) zone. Six drill holes: JS2001 through JS2006, at two separate drill sites, were drilled near historical surface workings and a mining shaft. Two holes were drilled on the SW Zone. Drill holes JS2004 to JS2005 on the No. 6 vein (structure) intersected broad, near-surface gold-bearing zones with shorter intercepts of high-grade gold mineralization. The extent and shape of the gold-bearing zone at depth and along strike is not yet well understood as a result of very limited and shallow drilling. Further drilling is required to determine the extent of mineralization along strike and at depth. Particular attention will be paid to locate potential ore-zone in the area southeast of the present mine workings where a single surface hole in 2013 on the No. 6 vein (structure) assayed 19.5 grams per tonne gold over one meter in association with a broad strongly anomalous geophysical zone over 10 meters wide. The Grenfell property is comprised of 38 mining cells and 8 leased claims covering an area of approximately 6.7 square kilometres and is located 10 kilometres northwest of the Town of Kirkland Lake, Ontario. Announcement • Jun 10
Silk Road Energy Inc. (TSXV:SLK.H) completed the acquisition of Two Concessions of Gold and Other Precious Metals Claims in Kirkland Lake, Ontario. from Record Gold Corp. Silk Road Energy Inc. (TSXV:SLK.H) agreed to acquire Two Concessions of Gold and Other Precious Metals Claims in Kirkland Lake, Ontario. from Record Gold Corp for CAD 0.32 million on December 20, 2021. As consideration Silk Road will issue 9 million common shares at a price of CAD 0.05 per share. Completion of the transaction is subject to a number of conditions, including TSX Venture Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. Silk Road Energy Inc. will holding a special shareholder meeting on June 6, 2022, which will include the approval of the Acquisition.
Silk Road Energy Inc. (TSXV:SLK.H) completed the acquisition of Two Concessions of Gold and Other Precious Metals Claims in Kirkland Lake, Ontario. from Record Gold Corp on June 9, 2022. The transaction has been approved by a majority of Silk Road Energy disinterested shareholders at a Special Meeting of Shareholders held on June 6, 2022. Silk Road shareholders also approved the disposition of the company's interests in four natural gas properties, as well as approving a revised stock option plan. As a result of this acquisition, Silk Road now has 27,592,781 shares outstanding. Board Change • Jun 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Director Michael Judson was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Director Michael Judson was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 14
Silk Road Energy Finalizes Its 2022 Exploration Program for its 100% Owned Amikougami Gold Property in Kirkland Lake, Ontario Silk Road Energy Inc. reported that it has finalized its 2022 exploration program for its 100% owned Amikougami gold property in Kirkland Lake, Ontario. The company anticipates commencing its 2022 field program in August subject to the availability of a drilling rig, personnel and field equipment. The company is planning to drill five "short" diamond drill-holes to 75 metre depths to establish the nature of the mineralization on the property. Two of the proposed drilling locations are targets identified by an earlier IP (induced polarity) geophysical survey. Before this work can begin, the company will need to establish access, strip overburden, excavate trenches and conduct channel sampling. Silk Road has already begun the process of compiling, digitizing and reprocessing historical aeromagnetic, gravity and radiometric data. This data has been obtained from assessment reports from Ontario Government reports. The company has begun the process of analyzing regional geological structures and map data to more clearly define structural controls of mineralization in the area. The reports, maps and results from this exploration phase will be the basis of the field activities. Amikougami is located 4000 metres from Agnico-Eagle's Macassa Mine. The Amikougami and Otto gold properties consist of 16 patented mining claims including five mining licenses. The combined area for both properties is 192.56 hectares. There is no exploration program planned for Otto during this field season. In an assessment report filed by S.J. Carmichael in 1999, prospecting activity on the Amikougami property occurred in 1920 to1930 and again in the 1940s-1950's period resulting in pits and short shafts to explore the mineralization. Since there is no record of this work, Kirkland Lake prospector, Fern Rivard, undertook to relocate and examine these earlier prospecting pits and undertook additional work on the claims in 1998 and 1999. Rivard established a mine grid at 100-metre spacing and completed a ground magnetometer survey at 10-metre intervals. A number of old pits and shafts were located confirming the earlier prospecting activity. From the pits, Rivard collected grab samples which were found to contain finely granular pyrite in highly chloritic biotite-bearing shears. Rivard also selected five grid lines and conducted an IP survey with readings at 10-metre intervals. The IP survey identified several high-chargeability anomalies associated with shear or fault zones and a couple of high resistivity anomalies associated with outcrop having a very fine grained, silicified appearance and stockwork fractures with hairline quartz-carbonate filling. Gold mineralization identified by exploration company, Warrior Gold Corp, at its Goodfish Lake property located east of Amikougami, occurs as stockwork veinlets in similar silicified areas. In addition, pyrite-bearing shear zones associated with high chargeability anomalies are found on Goodfish. This style of mineralization is unlike that found in the main Kirkland Lake gold camp but is now receiving considerable exploration attention outside the camp. Record Gold Corp. management including consulting geologist, Edward Procyshyn of Le Groupe GeoInfo, visited the property in late September of 2020. Regional and local geological and geophysical historical information was compiled and reviewed by Procyshyn during 2020 to 2022. The compiled map results are preliminary and robust in quality and need to be digitally reformatted, geographically rectified and verified with field observation to establish the nature and potential distribution of gold mineralization on the property. Announcement • Feb 09
Silk Road Energy Inc. Announces CFO Change Silk Road Energy Inc. reports that the CFO, Mr. Derrick Colling, has resigned from the Company. Ms. Nathalie Kavanagh has been appointed interim CFO by the Board of Directors. She currently works as a CFO for a residential real estate group in Montreal. Announcement • Jan 14
Silk Road Energy Inc. (TSXV:SLK.H) agreed to acquire Two Concessions of Gold and Other Precious Metals Claims in Kirkland Lake, Ontario. from Record Gold Corp for CAD 0.32 million. Silk Road Energy Inc. (TSXV:SLK.H) agreed to acquire Two Concessions of Gold and Other Precious Metals Claims in Kirkland Lake, Ontario. from Record Gold Corp for CAD 0.32 million on December 20, 2021. As consideration Silk Road will issue 9 million common shares at a price of CAD 0.05 per share. Completion of the transaction is subject to a number of conditions, including TSX Venture Exchange acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. Board Change • Dec 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Director Michael Judson was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 