King Global Announces Completion of Oversubscribed Equity Placement and Board Additions
Summary
The broker warrants are exercisable on the same terms as the Warrants and expire on July 16, 2026.Securities issued on this closing will be subject to a statutory hold period expiring November 17, 2024.The Corporation intends to use the net proceeds to fund exploration expenditures on the Silver Cord Project, reserve for acquisitions and working capital.The Company also announces that Mr. Ben Hudye has been appointed as a Director and Chairman of the Company effective July 16, 2024. The Company expresses its appreciation of the efforts and contributions of Mr. Bondarenko and Ms. Hirji over the past two years.Robert Dzisiak, Chief Executive of King stated we are very pleased to have completed our listing on the CSE as well as the closing of a significant financing. Their significant business experience will be a valued addition to the King Board of Directors.King Global Ventures is focused on the exploration of precious metals in North America. The Silver Cord Project represents an early-stage exploration opportunity targeting copper-gold-silver-zinc, Volcanogenic Massive Sulphide (VMS) mineralization. The Eleonor Mine is hosted by rocks similar to the clastic sediments known to host the Ukaw gold showings.Additional information about King Ventures can be viewed at the Companys website at www.kingcse.ca or at www.sedarplus.ca.The technical contents of this news release were approved by Andrew Lee Smith, Bsc., P.Geo, ICD.D, a qualified person as defined by National Instrument 43-101.Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties.