Business
Kingfisher Announces $7 Million Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Kingfisher Metals Corp. (TSXV: KFR...
About this update from Kingfisher Metals Corp
[{"type":"text","content":"Kingfisher Announces $7 Million Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Kingfisher Metals Corp. (TSXV: KFR) (FSE: 970) (\"Kingfisher\" or the \"Company\") is pleased to announce that that it has entered into an agreement with Beacon Securities Limited (\"Beacon\" or the \"Agent\") to act as sole agent in connection with a \"best efforts\" private placement offering of a combination of up to 4,000,000 non-flow-through units (the \"NFT Units\") at a price of $0.25 per NFT Unit (the \"NFT Issue Price\") and up to 14,458,000 flow-through units (the \"Premium FT Units\" and, together with the NFT Units, the \"Offered Securities\") at a price of $0.415 per Premium FT Unit (the \"Premium FT Issue Price\") for aggregate gross proceeds of up to $7,000,070 (collectively, the \"Offering\").Each NFT Unit will consist 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 will consist of one common share of the Company (a \"FT Share\") and one-half of one Warrant, each of which shall qualify as a \"flow-through share\" for the purposes of the Income Tax Act (Canada) (the \"Tax Act\").Each Warrant will entitle the holder thereof to acquire one common share of the Company (a \"Warrant Share\") at a price per Warrant Share of $0.40 for a period of 36 months from the Closing Date, 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 the first year anniversary of the Closing Date, the Company may, within 10 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). In connection with the Offering, the Company has granted the Agent an option (the \"Agent's Option\"), exercisable in whole or in part at any time up to 48 hours prior to the Clo...