Kaymus Resources Inc (KYS.H)

Kaymus Resources Announces Annual Meeting Results, Share Consolidation and Return of Capital to ShareholdersMay 29, 2026 8:41 AM
PR Newswire (Canada) CALGARY, AB, May 29, 2026 /CNW/ - Kaymus Resources Inc. (the "Company" or "Kaymus") (NEX: KYS.H) announces that, at its annual and special meeting of shareholders held on May 22, 2026 (the "Meeting"), shareholders approved, among other matters: the election of Donald Poruchny, James Evaskevich and Trish Olynyk as directors of the Company;the re-appointment of MNP LLP, Chartered Accountants, as auditors of the Company for the ensuing year, with remuneration to be fixed by the board of directors;a consolidation of the Company's issued and outstanding common shares (the "Common Shares") on the basis of up to ten (10) pre-consolidation Common Shares for one (1) post-consolidation Common Share, as may be determined by the board of directors of the Company (the "Consolidation"); anda reduction of the stated capital account maintained in respect of the Common Shares in an aggregate amount of up to $2,315,328.50 for the purpose of making a return of capital distribution to holders of Common Shares.Following the Meeting, the board of directors of the Company approved the implementation of the Consolidation on a ten-for-one basis and the return of capital distribution described below, each subject to final acceptance by the NEX board of the TSX Venture Exchange.Consolidation The board of directors of the Company have approved the Consolidation on a ten-for-one basis. The Company currently has 23,153,285 Common Shares issued and outstanding. Following completion of the Consolidation, the Company expects to have approximately 2,315,328 Common Shares issued and outstanding. No fractional Common Shares will be issued in connection with the Consolidation. Any fractional Common Share that would otherwise be issuable will be rounded down to the nearest whole Common Share, and no cash consideration will be paid in respect of any such fractional interest.The Company believes that the Consolidation will provide greater flexibility for future corporate activities and may improve the marketability of the Common Shares.The Company expects that the Common Shares will commence trading on the NEX board of the TSX Venture Exchange on a post-Consolidation basis at the opening of trading on June 2, 2026 under the Company's existing trading symbol, KYS.H.Registered shareholders will receive a letter of transmittal from the Company's transfer agent, TSX Trust Company, with instructions for exchanging their share certificates or direct registration system advices representing pre-Consolidation Common Shares for post-Consolidation Common Shares. Shareholders who hold their Common Shares through a broker, investment dealer, bank, trust company or other intermediary should contact their intermediary for instructions and assistance.Return of CapitalFollowing the Meeting, the board of directors approved a reduction of the stated capital account maintained in respect of the Common Shares pursuant to the Business Corporations Act (Alberta) in the amount of $1.00 per post-Consolidation Common Share (or $0.10 per pre-Consolidation Common Share) for an aggregate distribution amount of up to $2,315,328.50 for the purpose of making a special one-time return of capital distribution to holders of record of Common Shares. Subject to final acceptance by the NEX board of the TSX Venture Exchange, the Company intends to distribute the return of capital to holders of record of Common Shares as at the close of business on June 4, 2026. The distribution is expected to be paid on or about June 11, 2026. The stated capital account of the Common Shares will be reduced by the same aggregate amount paid as the return of capital distribution.Cautionary Statement Regarding Forward-looking InformationThis news release contains certain statements that may be deemed "forward-looking information" within the meaning of applicable securities laws. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking information contained in this news release may include, without limitation, statements with respect to: the completion of the Consolidation; the intended effects of the Consolidation; the commencement of trading of the post-Consolidation Common Shares on the NEX board of the TSX Venture Exchange; receipt of final acceptance from the NEX board of the TSX Venture Exchange with respect to the Consolidation and the return of capital distribution; the expected reduction of stated capital of the Common Shares and the return of capital to holders of Common Shares in an amount equal to the reduction of stated capital, including the anticipated amount per share, record date and payment date.Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Risk factors that may cause actual results to vary materially from those indicated in the forward-looking information include those risks related to, among other things, changes to business, social and economic conditions and those risks discussed or described in the Company's public materials filed on SEDAR+ at www.sedarplus.ca from time to time. Although the Company believes that the forward-looking information is reasonable based on information available as of the date hereof, forward-looking information is neither historical fact nor assurance of future performance or results. Instead, it is based only on management's current reasonable beliefs, expectations and assumptions regarding the Company's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions, relating to, among others, the general economic conditions and the political, permitting, regulatory and legal environment in which the Company operates.The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company does not undertake and disclaims any intent or obligation to update publicly, re-issue, or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required in accordance with applicable laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE Kaymus Resources Inc. Original: Kaymus Resources Announces Annual Meeting Results, Share Consolidation and Return of Capital to Shareholders

Kaymus Resources Announces Up to 10-for-1 Share ConsolidationMay 1, 2026 7:00 AM
PR Newswire (Canada)

CALGARY, AB, May 1, 2026 /CNW/ - Kaymus Resources Inc. (the "Company" or "Kaymus") (NEX: KYS.H) is pleased to announce that the Company intends to effect a share consolidation (the "Consolidation") of its issued and outstanding common shares (the "Common Shares") on the basis of up to ten (10) pre-consolidation Common Shares (the "Pre-Consolidation Common Shares") for one (1) post-consolidation Common Share (a "Post-Consolidation Common Share"). The Company currently has 23,153,285 Pre-Consolidation Common Shares issued and outstanding. Following the completion of the Consolidation, it is anticipated that the Company will have approximately 2,315,328 Post-Consolidation Common Shares issued and outstanding, assuming a Consolidation on a ten (10) for one (1) basis.The Consolidation is subject to receipt of approval from the NEX board of the TSX-V and approval of the shareholder resolution (the "Shareholder Resolution") at the upcoming annual and special meeting of shareholders of the Company to be held on May 22, 2026, which grants the board the discretion to determine if and when to effect the Consolidation and at what Consolidation ratio.The name of the Company will not change in connection with the Consolidation. Further details regarding the Consolidation are contained in the Company's management information circular dated April 10, 2026, a copy of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca.Cautionary Statement Regarding Forward-looking InformationThis news release contains certain statements that may be deemed "forward-looking information" within the meaning of applicable securities laws. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking information contained in this news release may include, without limitation, statements with respect to: the completion of the Consolidation; the intended effects of the Consolidation; the commencement of trading of the Post-Consolidation Common Shares on the NEX board of the TSX-V; and receipt of approval from the TSX-V with respect to the Consolidation. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Risk factors that may cause actual results to vary materially from those indicated in the forward-looking information include those risks related to, among other things, changes to business, social and economic conditions and those risks discussed or described in the Company's public materials ?led on SEDAR+ at www.sedarplus.ca from time to time. Although the Company believes that the forward-looking information is reasonable based on information available as of the date hereof, forward-looking information is neither historical fact nor assurance of future performance or results. Instead, it is based only on management's current reasonable beliefs, expectations and assumptions regarding the Company's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions, relating to, among others, the general economic conditions and the political, permitting, regulatory and legal environment in which the Company operates.The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company does not undertake and disclaims any intent or obligation to update publicly, re-issue, or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required in accordance with applicable laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE Kaymus Resources Inc.

Original: Kaymus Resources Announces Up to 10-for-1 Share Consolidation

Kaymus Resources Inc. Announces Board and Executive ChangesApril 13, 2026 7:00 AM
PR Newswire (Canada)

CALGARY, AB, April 13, 2026 /CNW/ - Kaymus Resources Inc. (the "Company") ("KYS.H") announces changes to its Board of Directors and Executives.Following the passing of Gordon Bowerman, Chief Executive Officer, the Company has made the following Board and committee changes, effective immediately:Trish Olynyk is hereby appointed Chief Executive Officer of Kaymus Resources, relinquishing the role of Chief Financial Officer.Don Poruchny is hereby appointed a Director.James Glessing is hereby appointed Chief Financial OfficerNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE Kaymus Resources Inc.

Original: Kaymus Resources Inc. Announces Board and Executive Changes

Kaymus Resources Inc. Announces the Passing of its CEOApril 10, 2026 5:37 PM
PR Newswire (Canada)

CALGARY, AB, April 10, 2026 /CNW/ - Kaymus Resources Inc. (the "Company") (TSXV: KYS.H) is saddened to announce the passing of Gordon Bowerman, CEO.Mr. Bowerman was a founding member of Kaymus and played an integral role in guiding the Company's corporate strategy and stewardship. The Company extends its deepest condolences to Mr. Bowerman's family, friends, and colleagues.The Board of Directors has initiated a transition process and will provide further updates regarding leadership in due course.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE Kaymus Resources Inc.

Original: Kaymus Resources Inc. Announces the Passing of its CEO

Kaymus Resources Q3 Results (Ending April 30, 2022)

Symbol: KYS.H
Price: $0.155
Common Shares: 23,153,285
Market Cap: $3.6M
Insider/Management Holdings: 10,369,595 or 44.8%

Kaymus currently does not have a website, but Gord, Jim and Trish can be reached at the following:

Gord Bowerman – gord@yangarra.ca or 403-262-9177
Jim Evaskevich – jim@yangarra.ca or 403-262-9558
Trish Olynyk – info@kaymus.ca or 403-262-9177

Financials

ASSETS
Cash: $31,966
Investments: $1,737,947
Royalty Income Receivable: $9,579
Goods & Services Tax Receivable: $8,803
Prepaid Expenses: $833
Deposit: $10,000
Property & Equipment: $71
Total Assets: $1,799,199

LIABILITIES
Payables: $8,041
Total Liabilities: $8,041

Nine Month Performance
Revenue: $31,197
Investment Gain: $950,734
G&A Expenses: $15,622
Depreciation: $45
Income & Comprehensive Income: $966,264

EPS: $966,264 / 23,153,285 = $0.042c

Oil & Gas reserves can be found on Sedar.

MD&A Highlights

Business of Kaymus

Kaymus is a publicly-traded company engaged in the exploration, acquisition, and development of petroleum and natural gas projects in the Western Canadian Sedimentary Basin (“WCSB”). The Company’s shares trade on the NEX, a separate trading board of the TSX Venture Exchange, under the symbol KYS.H. The Company holds a 100% working interest in two proposed oil locations producing out of the Cardium and Viking formations. The Sylvan Lake, Alberta property is located near the town of Sylvan Lake, Alberta in townships 36 and 39, Ranges 1 and 3 W5M. Kaymus currently has no wells drilled in the Sylvan Lake Area. The Company also holds overriding royalty interests ranging from 10% to 13% on five sections of land, on which are currently five producing wells which the Company acquired on January 15, 2019.

Outlook

The Company plans to accumulate prospective land in the WCSB and will execute a drilling program when capital markets allow for raising equity.

Royalty income represents overriding royalties earned following the acquisition of the overriding royalty interest and undeveloped land on January 15, 2019.

Liquidity and Capital Resources

As at April 30, 2022, the Company had working capital of $1,781,087 compared to working capital of $814,778 at July 31, 2021. The increase in working capital is a result of increase in the value of the investments.

The ability of the Company to carry out its business plan rests with the ability to generate cash flows from its overriding royalty interests, raise equity, obtain other forms of financing and sale or option of properties.

The Company will require financing to fund new exploration and development programs, new acquisitions and ongoing costs on its current properties. Future funds for exploration and development will be by financing, sale of equity capital or the offering of an interest in its properties to be earned by another party carrying out further exploration or development. The Company proposes to meet financing requirements through equity financing.

While we wait for financial results at the end of the month, let us once again revisit what the company has in terms of assets.

From their last MD&A:

1) Oil Leases: The Company holds a 100% working interest in two proposed oil locations producing out of the Cardium and Viking formations. The Sylvan Lake, Alberta property is located near the town of Sylvan Lake, Alberta in townships 36 and 39, Ranges 1 and 3 W5M. Kaymus currently has no wells drilled in the Sylvan Lake Area

- Not sure if anyone is good with maps, but I would be curious to know what wells are currently producing from those formations around our lease. Cardium and Viking formations are well known for good production. The company could easily sell off its investments and drill a well today, or even raise some funds to drill both.

2) GORR's (Royalty Holdings): The Company also holds overriding royalty interests ranging from 10% to 13% on five sections of land, on which are currently five producing wells which the Company acquired on January 15, 2019.

- This is 3,200 acres of land. Given that only five wells are producing, odds are there are likely many more locations to drill on this property. Having 10-13% GORR's is huge when you consider that the industry average rates are usually between 2-3% when you look at junior public companies.

3) Investments: As at January 31, 2022, the Company had working capital of $1,439,257 compared to working capital of $814,778 at July 31, 2021. The increase in working capital is a result of an increase in the value of the investments.

- Very likely that the investments held by Kaymus (unless they were sold in Q3 2022) have gone up in value. Average pricing for oil at the end of January was much lower than today. This is reflected when you look at almost any oil equities. Specifically large caps, which is probably what the board invested in.

4) Outlook: The Company plans to accumulate prospective land in the WCSB and will execute a drilling program when capital markets allow for raising equity.

- The company could be accumulating additional leases this year and plan for a raise, which can bring additional upside potential. Many other micro/small cap stocks are fine with 300-1000 barrels per day. But given the background of the board and the $300 million market cap company they already run (Yangarra Resources), there's a good chance they'll try and acquire some great leases for Kaymus. Raising funds to drill wouldn't be difficult for these directors, given their background in the petroleum industry.

Additional oil/gas reserve + drilling information is available on Sedar.

Symbol: KYS.H
Price: $0.10
Common Shares: 23,153,285
Market Cap: $2.3 million
Insider/Management Holdings: 10,369,595 or 44.8%
Financial Results (Ending January 31,2022)

ASSETS
Cash: $37,299
Investments: $1,404,248
Royalty Income Receivable: $16
Goods & Services Tax Receivable: $3,028
Prepaid Expenses: $833
Property & Equipment: $86
Total Assets: $1,455,510

LIABILITIES
Trade & Payables: $6,167
Total Liabilities: $6,167

6 Month Performance
Royalty Income: $16,181
Gain On Investments: $617,036
Total Expenses: $8,768
Net Income: $624,449

Reserve information can be found on Sedar (Cut off pricing was July 2021). Total Proved Plus Probable revenue ending July 2021 shows $14,736,800. See 51-101 Report.

MD&A Highlights

Kaymus is a publicly-traded company engaged in the exploration, acquisition, and development of petroleum and natural gas projects in the Western Canadian Sedimentary Basin (“WCSB”). The Company’s shares trade on the NEX, a separate trading board of the TSX Venture Exchange, under the symbol KYS.H. The Company holds a 100% working interest in two proposed oil locations producing out of the Cardium and Viking formations. The Sylvan Lake, Alberta property is located near the town of Sylvan Lake, Alberta in townships 36 and 39, Ranges 1 and 3 W5M. Kaymus currently has no wells drilled in the Sylvan Lake Area. The Company also holds overriding royalty interests ranging from 10% to 13% on five sections of land, on which are currently five producing wells which the Company acquired on January 15, 2019.

The Company plans to accumulate prospective land in the WCSB and will execute a drilling program when capital markets allow for raising equity.

As at January 31, 2022, the Company had working capital of $1,439,257 compared to working capital of $814,778 at July 31, 2021. The increase in working capital is a result of increase in the value of the investments.

Just a quick update on Kaymus:

1) 23.2 million shares outstanding
2) 45% insider holdings
3) $1.2 million in cash/investments with less than $20k total liabilities
4) Yangarra management team runs Kaymus
5) Own mineral leases and royalties in the same area as Yangarra
6) Have a 51-101 with over 500,000 net barrels equivalent (light oil & gas)

As per the last financial statements released at the end of December, Kaymus now has the following balance sheet and reserves:

(All information can be found at www.sedar.com)

Kaymus Balance Sheet - https://cdn-ceo-ca.s3.amazonaws.com/1gsnc3h-KYS%20YE%20Page%201.jpg

Kaymus Revenue - https://cdn-ceo-ca.s3.amazonaws.com/1gsnc3n-KYS%20YE%20Page%202.jpg

Kaymus 51-101 Oil/Gas Reserves Page 1 - https://cdn-ceo-ca.s3.amazonaws.com/1gu67vl-Kaymus%2051-101%20Page%201.jpg

Kaymus 51-101 Oil/Gas Reserves Page 2 - https://cdn-ceo-ca.s3.amazonaws.com/1gu67vs-Kaymus%2051-101%20Page%202.jpg

Some additional information regarding Kaymus Resources that's pretty significant:

Not sure if many people know this, but all the directors/management on KYS-H are the same team working for YGR. Does that mean Kaymus is a side project, or acquisition, or JV partner down the road? Both companies are targeting the Cardium and Viking formations.

When you look at Kaymus, they got a fresh balance sheet and some cash, but doesn't really show off their assets. So why would the Yangarra team even bother. Well despite not mentioning anything on their balance sheet, they in fact have quite decent reserves in comparison to the market cap that they show. Mostly gas based, also some oil, over 500,000 barrels equivalent or just under $15 million USD in value.

From the 51-101 that came out last week:

The Company holds a 100 percent working interest in two proposed oil locations producing out of the Cardium and Viking formations. The Sylvan Lake, Alberta property is located near the town of Sylvan Lake, Alberta in Townships 36 and 39, Ranges 1 and 3 W5M. The Company acquired interest in six sections in the Workman/Twining area, located in township 30, Ranges 26 and 27 W4M. Kaymus holds a GORR interest in six wells and a 100% working interest in one proposed horizontal gas location producing out of the Viking formation. Kaymus currently has no wells drilled in the Sylvan Lake Area.

Kaymus has two gross proposed wells for which it expects to incur abandonment and restoration costs. These costs included well abandonment and surface lease reclamation. The estimated total abandonment and reclamation costs, forecast net of estimated salvage value, under the proved reserves category is $204,900 (undiscounted). The total proved plus probable abandonment and reclamation costs are $357,600 (undiscounted). 100% of such amounts were deducted as abandonment costs in estimating future net revenue of the Company in respect of proved and proved plus probable reserves as disclosed above. Estimated abandonment costs are included in the 2020 Reserves Report as a deduction in arriving at future net revenue.

Kaymus Resources Inc. Audited Year End Results. All information can be found on SEDAR

Symbol: KYS.H
Price: $0.05
Common Shares: 23,153,285
Market Cap: $1.2 million
Insider/Management Holdings: 10,369,595 or 44.8%

The Kaymus website is currently down, but management can be reached at - info@kaymus.ca or by phone: 403-262-9177

Audited Financial Results (Ending April 30, 2021)

ASSETS
Cash: $38,194
Investments: $787,213
Royalty Income Receivable: $9,210
Goods & Services Tax Receivable: $3,951
Prepaid Expenses: $833
Deposit: $10,000
Property & Equipment: $116
Total Assets: $849,517

LIABILITIES
Trade & Payables: $24,623
Total Liabilities: $24,623

2021 Performance
Royalty Income: $29,480
Investment Gain: $427,097
Total Operating Expenses: $39,079
Net Income: $417,498 or $0.018c EPS

Conclusion: Not only does Kaymus Resources have a small float and spotless balance sheet, the company is growing through it’s royalties and investments, while keeping G&A expenses at a minimum. Insiders own almost half of the stock as well. This combined gives me confidence that there’s a plan for 2022.

MD&A Highlights

OUTLOOK
The Company plans to accumulate prospective land in the WCSB and will execute a drilling program when capital markets allow for raising equity.

ASSETS
The Company holds a 100% working interest in two proposed oil locations producing out of the Cardium and Viking formations. The Sylvan Lake, Alberta property is located near the town of Sylvan Lake, Alberta in townships 36 and 39, Ranges 1 and 3 W5M. Kaymus currently has no wells drilled in the Sylvan Lake Area.
The Company also holds overriding royalty interests ranging from 10% to 13% on five sections of land, on which are currently five producing wells which the Company acquired on January 15, 2019.