(via Thenewswire.ca)
Winnipeg, MB - December 20th, 2011
King's Bay Gold Corporation (TSX.V: KBG) (the "Issuer") is announcing that the non-brokered private placement previously announced on November 14th, 2011, as clarified on November 30th, 2011 and originally scheduled to close on December 20th, 2011, is now anticipated to close on December 22nd, 2011. All other terms and conditions of the offering previously announced on November 14th, 2011 and clarified on November 30th, 2011 will remain the same.
The closing of this offering remains subject to the approval of the TSX Venture Exchange Inc.
About King's Bay Gold Corporation
King's Bay Gold Corporation is a very active Canadian mineral exploration and development company with mineral projects located in two of Canada's main gold camps - the Red Lake, ON and Rainy River, ON gold camps.
KBG Shares Outstanding: 90,241,913
King's Bay Gold Corporation
Kyle Picard
President & CEO and Corporate Secretary
info@kingsbaygold.com
www.kingsbaygold.com
This news release includes certain forward-looking statements concerning the future performance of King's Bay Gold Corporation's business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company's recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking statements and readers are cautioned against placing undue reliance thereon.
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