Business
Kingfisher Announces Closing of $10.9 Million Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Kingfisher Metals Corp
[{"type":"text","content":"Kingfisher Announces Closing of $10.9 Million Brokered Private Placement NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. VANCOUVER, BC / ACCESS Newswire / June 3, 2025 / Kingfisher Metals Corp. (TSXV:KFR)(FSE:970) (\"Kingfisher\" or the \"Company\") is pleased to announce it has closed the brokered private placement previously announced on May 5, 2025, and May 26, 2025, for aggregate gross proceeds of $10,899,913, including proceeds raised from the Agent's option (the \"Offering\"). The Offering was completed by Beacon Securities Limited (the \"Agent\").Pursuant to the Offering, the Company issued 8,237,500 units of the Company (the \"NFT Units\") at a price of $0.25 per NFT Unit and 21,302,500 flow-through units of the Company (the \"Premium FT Units\" and, together with the NFT Units, the \"Offered Securities\") at a price of $0.415 per premium FT Unit.Each NFT Unit consists of one common share of the Company (an \"NFT Share\") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a \"Warrant\"). Each Premium FT Unit consists of one common share of the Company (a \"FT Share\") and one-half of one Warrant, each of which qualify as a \"flow-through share\" for the purposes of the Income Tax Act (Canada) (the \"Tax Act\").Each Warrant entitles the holder thereof to acquire one common share of the Company (a \"Warrant Share\") at a price per Warrant Share of $0.40 until June 3, 2028, provided that, in the event that the daily volume weighted average price (or closing bid price on trading days when there are no trades) of the common shares of the Company (the \"Common Shares\") on the TSX Venture Exchange (\"TSXV\") is at least $0.55 per Common Share for a minimum of 20 consecutive trading days at any time after June 3, 2026, the Company may, within ten business days of the occurrence of such event, provide written notice to holders of the Warrants (the \"Warrant Acceleration Notice\") accelerating the expiry date of the Warrants to a date that is not less than 30 days following the date of the Warrant Acceleration Notice (and concurrent press release).The Company will use an amount equal to the gross proceeds from the sale of the Premium FT Units to incur eligible \"Canadian exploration expenses\" that will qualify as \"flow-t...