Business
King Global Announces $4.0 Million Non-Brokered Unit Financing
Vancouver, British Columbia – TheNewswire - December 5, 2025 – King Global Ventures Inc. (CSE:KING) (OTC: KGLDF) (FSE: 5LM1) (the “Company” or “King Global”) an
About this update from King Global Ventures Inc.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - December 5, 2025 – King Global Ventures Inc. (CSE:KING) (OTC: KGLDF) (FSE: 5LM1) (the “Company” or “King Global”) announces that it is undertaking a non-brokered private placement (the “Private Placement”) of up to $4,000,000. The Company will issue up to 6,666,667 units at a price of $0.60 per unit. Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for $0.90 for a period of two years from the date of closing. The common shares and warrants comprising the units will be subject to a four-month and one day hold period in accordance with the policies of the Canadian Securities Exchange and applicable securities legislation. The Company intends to use the net proceeds of the Private Placement to continue exploration and drilling on its Silver Cord and Black Canyon Projects. The Company will pay a finder’s fee in cash to qualified finders who assist in selling the Units, as permitted by Canadian Securities Exchange policy an applicable securities law. The Private Placement is subject to certain conditions, but not limited to, the receipt of all necessary approvals, including approval from the Canadian Securities Exchange. Option Grant The Company also announces that it has issued 140,000 RSU’s and 300,000 options to consultants pursuant to its RSU and Option compensation plans. The options were issued with an exercise price of $0.61 for a period of 5 years, with vesting equally over the next 4 quarters. The RSU’s vest immediately except for 100,000, which also vest equally over the next 4 quarters. QUALIFIED PERSON STATEMENT (NI 43-101) The scientific and technical information contained in this news release has been reviewed and approved by Andrew Lee Smith, P.Geo., ICD.D, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Smith is an independent consultant to King Global Ventures and is independent of the Company for the purposes of NI 43-101. In verifying the scientific and technical information contained in this release, the Qualified Person, conducted a comprehensive review of all available analytical data, geological logs, drill core photographs, and supporting documentation generated ...