Business
NEVADA KING ANNOUNCES $16 MILLION FINANCING INCLUDING A $10M STRATEGIC INVESTMENT BY CENTERRA GOLD INC.
Nevada King Gold Corp. (TSX-V: NKG; OTCQB: NKGFF) ("Nevada King" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of common shares of the Company ("Common Shares"), which is fully subscribed, for total gross proceeds of approximately C$16 million (the "Financing"). In connection with the Financing, the Company has entered into a subscription agreement with Centerra Gold Inc. ("Centerra") pursuant to which Centerra will acquire 9.9% of the issu
About this update from Centerra Gold Inc.
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/","length":114,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, March 24, 2026 /CNW/ - Nevada King Gold Corp. (TSX-V: NKG; OTCQB: NKGFF) ("Nevada King" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of common shares of the Company ("Common Shares"), which is fully subscribed, for total gross proceeds of approximately C$16 million (the "Financing"). In connection with the Financing, the Company has entered into a subscription agreement with Centerra Gold Inc. ("Centerra") pursuant to which Centerra will acquire 9.9% of the issued and outstanding Common Shares at a price of C$0.21 per Common Share (the "Issue Price"), matching the 20-day VWAP of the Common Shares on the TSX Venture Exchange, for anticipated gross proceeds of approximately C$10 million (the "Strategic Investment"). Both the Chairman of Nevada King, Collin Kettell, and the largest shareholder, Michael Parker, intend to participate in the Financing to maintain their pro-rata ownership positions in the Common Shares, for anticipated gross proceeds of approximately C$6 million.","length":1129,"tagName":"p"},{"type":"image","alt":"Nevada King Gold Corp. (CNW Group/Nevada King Gold Corp.)","displaySize":"","headline":null,"caption":"Nevada King Gold Corp. (CNW Group/Nevada King Gold Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":153,"height":145,"url":"https://media.zenfs.com/en/cnwgroup.com/e62ffe196f4acb74b0bb7a765018d50e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VlTSVdz.d_L0sS0i3nKtYw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTE5OQ--/https://media.zenfs.com/en/cnwgroup.com/e62ffe196f4acb74b0bb7a765018d50e","width":153,"height":145}},"href":"https://mma.prnewswire.com/media/2940857/Nevada_King_Gold_Corp__NEVADA_KING_ANNOUNCES__16_MILLION_FINANCI.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"John Sclodnick, CEO of Nevada King, commented: "This strategic investment from Centerra culminates a lengthy period of due diligence and is a strong endorsement for both the quality and growth potential of the Atlanta Gold Mine Project, as well as for Nevada King&...