Business
Kingsmen Resources Announces Bought Deal Private Placement for Gross Proceeds of C$10 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. VANCOUVER, BC / ACCESS Newswire / January 26, 2026 / Kingsmen ...
About this update from Kingsmen Resources Limited
[{"type":"text","content":"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.","length":190,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / January 26, 2026 / Kingsmen Resources Ltd. ("Kingsmen",or the"Company") (TSXV:KNG)(OTCQB:KNGRF)(FSE:TUY) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. ("Red Cloud"), as sole underwriter and bookrunner, pursuant to which Red Cloud has agreed to purchase for resale 4,444,445 units of the Company (the "Units") at a price of C$2.25 per Unit (the "Offering Price") on a "bought deal" basis in a private placement for gross proceeds of C$10,000,001.25 (the "Underwritten Offering").","length":628,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of C$3.00 at any time until the date which is 36 months from the Closing Date (as herein defined).","length":367,"tagName":"p"},{"type":"text","content":"The Company will grant to Red Cloud an option, exercisable in full or in part, up to 48 hours prior to the Closing Date, to purchase for resale up to an additional 888,889 Units at the Offering Price for additional gross proceeds of up to approximately C$2,000,000.25 (the "Underwriters' Option"). The Underwritten Offering and the securities issuable upon exercise of the Underwriter's Option shall be collectively referred to as the "Offering".","length":474,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of the Offering for the exploration and advancement of the Company's Las Coloradas and Almoloya projects in the historic Parral region of Chihuahua, Mexico as well as for working capital and general corporate purposes.","length":266,"tagName":"p"},{"type":"text","content":"Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the ...