King Global Ventures Inc.: King Global Completes $1.0 Million Strategic Financing Subscribed by Mr. Eric Sprott (TSXV: KING) (OTC: KGLDF) (FSE: 5LM1) (the
Company or
King ) has completed a private placement of 16,384,616 units of the Company at a price of $0.065 cents per unit for gross proceeds of $1,065,000 including $1,000,000 from Mr. Eric Sprott. Each unit comprises one common share in the capital of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of 8.5 cents for a period of three years from the closing date.
John F. Cook, CEO, stated: We are pleased to have Mr. Sprott s support to accelerate our exploration and acquisition strategy. His track-record and support of the Canadian gold exploration sector is unparalleled, and we look forward to unlocking and creating value for our shareholders. The additional funds allow us to secure access to drill rigs in order to focus on high-priori
King Global Ventures Inc.: King Global Receives $1.0 Million Financing Commitment from Mr. Eric Sprott
King Global Ventures Inc. (TSXV: KING) (OTC: KGLDF) (FSE: 5LM1) (the
Company or King ) has accepted subscriptions for an aggregate 16,384,616 million units of the Company at a price of $0.065 cents per unit for net proceeds of $1,065,000. Each unit comprises one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of 8.5 cents for a period of three years from the closing date.
Subject to TSX Venture Exchange approval, its anticipated that the placement will close on Monday, May 31, 2021.