VRIFY Partners With Kirkland Lake Gold to Launch the KL Gold Deal Room

TORONTO, June 24, 2019 /CNW/ - VRIFY Technology Inc. is pleased to announce it has entered into an agreement with Kirkland Lake Gold to launch the KL Gold Deal Room, a new online corporate development initiative that enhances the process of identifying and evaluating potential investment opportunities. The initiative utilizes the VRIFY Deal Room platform, a cloud-based 3D presentation and collaboration technology that helps strategic investors and growth-oriented companies, like Kirkland Lake Gold, identify new opportunities to complement existing asset portfolios.

VRIFY Partners With Kirkland Lake Gold to Launch the KL Gold Deal Room (CNW Group/VRIFY Technology Inc.)

The launch of the KL Gold Deal Room supports Kirkland Lake Gold's objective to deploy its capital and technical expertise to make new discoveries, develop new mines, secure future gold resources and continue to responsibly deliver value to its shareholders. Kirkland Lake Gold has outlined a simple set of criteria for assets which have the potential to complement its growth strategy and will consider possible strategic investments, joint ventures and M&A opportunities.  Using the KL Gold Deal Room, companies with assets that require capital, and meet these criteria, are invited to make online submissions to the KL Gold Deal Room using one standardized format that can be accessed anywhere, anytime.

Watch the Deal Room video here: vrify.com/dealroom/introduction

"At VRIFY, we're in the business of disrupting the way things have been done and are thrilled to launch the first ever Deal Room with Kirkland Lake Gold. It may be a tough market for commodities but there is no shortage of compelling opportunities out there waiting to be discovered.  By leveraging accessible technology, we're making it possible for growth-focused companies like Kirkland Lake Gold to attract, assess and refine large numbers of investment opportunities," commented Stephen de Jong, Founder, President and CEO of VRIFY. "We believe informed decisions are better decisions, and by utilizing VRIFY Deal Room, Kirkland Lake Gold will be one of the most informed companies in the world." 

Tony Makuch, President and CEO of Kirkland Lake Gold added: "At Kirkland Lake Gold, we operate two of the highest-grade, lowest-cost gold mines in the world, and are investing aggressively to continue to grow these operations and ensure they reach their full value potential. Supported by high levels of profitability and cash flow, and a strong balance sheet, we are also looking to grow shareholder value  by investing in new, high-quality gold projects that, with the benefit of our capital and expertise, have the potential to become world-class mining operations. We know there are many worthwhile opportunities out there, and we are interested in learning more about them. That's why we have partnered with VRIFY to launch the KL Gold Deal Room."

Interested in joining the KL Gold Deal Room? Get started: vrify.com/klgolddealroom

KL Gold Deal Room Submission Requirements
Kirkland Lake Gold is the first company to launch a Deal Room powered by VRIFY. Any company with an asset that needs capital and meets the following criteria, is invited to make a submission to the KL Gold Deal Room:

• Commodity: Gold, including projects with by-products.
• Jurisdiction: Australia, Canada, other parts of North America, as well as Europe, New Zealand and South America.
• Stage of Development: Prepared to evaluate investment into or acquisition of value accretive assets at any stage (exploration, resource definition, PEA/PFS/FS, development and production).
• Investment Structure: Willing to consider various investment structures including, but not limited to: earn-in, joint venture, strategic equity investment, acquisition.

All submissions must be in the format of a the VRIFY Deck, a presentation tool that incorporates 360-degree imagery and interactive 3D models with exploration and development stage layers, alongside traditional corporate content.   The format will allow Kirkland Lake Gold's corporate development team to quickly develop an informed and holistic investment thesis on a broad range of companies and assets. This means they can focus time and detailed due diligence efforts on only the most compelling opportunities.

View example Deal Room submission here: vrify.com/dealroom/example

How the KL Gold Deal Room Works
Companies that fit the KL Gold Deal Room criteria and wish to make a submission must first enter into a client service agreement with VRIFY under its standard terms and conditions. Together, VRIFY and the participating company will create a VRIFY Project, a virtual representation of its asset, and then build a VRIFY Deck for submission. 

Kirkland Lake Gold will select participants to move into the second round of the evaluation process, which will involve an in-depth, in-person or remote presentation using the VRIFY Connect conferencing feature.

Should Kirkland Lake Gold want to proceed with advanced evaluation with any participant, they may be asked to engage in a confidentiality agreement and subsequent detailed due diligence, including the potential for data room access and site visits.

Submissions are visible to Kirkland Lake Gold only; however, participating companies must acknowledge all content within each submission is publicly disclosed.  All submissions, regardless of being invited to a second round of evaluation or not, will be given feedback. If a participating company is not invited to the second round, its submission will be removed from the KL Gold Deal Room.  Their VRIFY Deck can still be used for marketing and business development needs beyond the KL Gold Deal Room, or to submit to future Deal Rooms.

To obtain additional information about joining the KL Gold Deal Room, please visit: vrify.com/klgolddealroom

For more information about the VRIFY Deal Room platform, please visit: vrify.com/dealroom

ABOUT VRIFY TECHNOLOGY INC.
VRIFY's technology communicates a company's value with presentation tools that simplify information and translate tough to digest data into compelling content. The platform allows companies to showcase project data with interactive 3D models, host global site visits of remote assets with virtual tours, and present content to any device, anytime, anywhere in the world.  See for yourself: www.vrify.com 

SOURCE VRIFY Technology Inc.

For further information: FOR FURTHER INFORMATION ABOUT THE DEAL ROOM PLEASE CONTACT: Alexandra Sewell, Marketing Manager, VRIFY Technology Inc., Phone: [phone], Email: [e-mail]; MEDIA REQUESTS PLEASE CONTACT: Morgan Murphy, Smithcom Limited, Phone: [phone], Email: [e-mail]