Ann: Non-Renounceable Entitlement Offer Results, page-9

It's interesting in the difference between listed companies and how they write their announcements.

This could have been used as an opportunity to reinforce that the funding will allow the company to continue advancing the Alberta projects presumably via an advance/loan from KPO to KDP whilst continuing to close out a deal for the sale of up to 50% of KDP.

Also presumably, said advance/loan would be required to be repaid to KPO upon settlement of the partial sale. Which would mean that KPO's coffers are replenished.

From reviewing some of the comments on the CERs, the pressure is on the Canadian government to finalise the regulations quickly as they are due to come into force from 1/1/2025 and there would need to be time to get things in place in preparation for the changes.

As such I'd expect to see the final regulations published in the first quarter of 2024.

If the partial sale of KDP is still outstanding at that point then I'd expect that would be because the interested parties want to be sure of the new CERs before committing, in which case I figure the deal would come shortly after the final regulations.