King Announces Closing of Second Tranche of $4MM Financing
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KING GLOBAL ANNOUNCES CLOSING OF SECOND TRANCHE
OF $4,000,000 UNIT FINANCING
Toronto, Ontario - March 2, 2026 – King Global Ventures Inc. (CSE:KING) (OTC: KGLDF) (FSE:
5LM1) (the “Company” or “King Global”) announces that that it has closed the final tranche of
its non-brokered private placement (the “Financing”). In the first tranche the Company raised
proceeds of $2,640,686.80 through the sale of 4,401,142 Units. $87,499.80 of the total
represented a non arms-length debt settlement by the Company of debt incurred for director’s
fees. In the second and final tranche the Company raised proceeds of $1,361,000 through the
sale of 2,268,332 Units. $42,000 of the total represented a non arms-length debt settlement
by the Company of debt incurred for director’s fees.
Pursuant to the terms of the Offering, each Unit is comprised of one common share (“Common
Share”) and one 2-year Common Share purchase warrant (“Warrant”). Each Warrant entitles
the holder thereof to purchase one additional Common Share at a price of $0.90 per Common
Share for a period of two years following the closing date of the Offering. Securities issued on
this closing are subject to a four-month and one day hold period in accordance with the policies
of the Canadian Securities Exchange and applicable securities legislation.
The issuance of 1,786,666 Units, in aggregate, to certain insiders of the Company on the second
tranche constitutes a “related party transaction” as such term is defined in Multilateral
Instrument 61-101 (“MI 61-101”). Pursuant to Sections 5.5(a) and 5.7(1)(a) of MI 61-101, the
Company intends to rely on exemptions from the formal valuation and minority shareholder
approval requirements, respectively, as neither the fair market value of the Units nor the
consideration for such Units, insofar as it involves the insiders, exceeds 25 percent of the
Company’s market capitalization.
The Company intends to use the net proceeds of the Private Placement to continue exploration
and drilling on its Silver Cord and Black Canyon Projects.
The Private Placement is subject to certain conditions, but not limited to, the receipt of all
necessary approvals, including approval from the Canadian Securities Exchange.
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About King Global Ventures:
Black Canyon Property in Arizona
King Global Ventures is focused on the exploration of precious and base metals in North
America. The Black Canyon Project in Yavapai County Arizona is comprised of 213 contiguous
concessions covering a total area of 3,800 ac, including 15 former operating mines including
the past producing Howard Copper Mine. And is situated 100 km (64 miles) north of Phoenix
Arizona. The Black Canyon Project represents an early-stage exploration opportunity targeting
copper-gold-silver-zinc, Volcanogenic Massive Sulphide (“VMS”) mineralization. The geology
of Yavapai County, Arizona is notable due to the presence of a variety of base and precious
metal deposit types. The region has a significant history of exploration, discovery and mining
operations, including base metals from mining operations like Bagdad, Jerome and Cleopatra.
The property is on trend and is approximately 8 km (12 miles) N.W. of Arizona Metals and 100
km (60 miles) south of the historic Jerome Copper mine.
The Howard Copper Mine Property is located on 78 acres of patented land approximately 100
km (64 miles) north of Phoenix AZ. Discovered in the early 1920’s, small scale production and
development focused on high-grade copper. An estimated 100,000 tonnes of copper grading
between 3-5% copper was mined from the property until it was closed in 1942 due to the
inability to secure fuel rations during WW2. Historical reports state that the main shaft was
sunk to the 900-foot level, but that no ore was mined below the 500-foot level.
The Mikwam Property
The Mikwam Gold Property is located in Noseworthy Township within the Abitibi Greenstone
Belt of the Superior Province, northeastern Ontario. It lies along the Casa Berardi Deformation
Zone that hosts Detour Gold’s Burntbush Property. The Mikwam deposit is hosted within
Timiskaming-aged polymictic conglomerate and greywacke units and contains disseminated
and vein-hosted gold mineralization associated with quartz-carbonate veins and pyrite
mineralization.
A NI 43-101 technical report prepared for Galena International Resources Ltd. by Caracle Creek
International Consulting Inc., dated December 8, 2016, disclosed a historical inferred mineral
resource of 1,810,000 tonnes grading 2.34 g/t gold, containing 136,000 ounces of gold at a cut-
off grade of 1.00 g/t Au. This estimate (announced by Galena in a December 12, 2016 press
release) is historical in nature, was not prepared for King Global Ventures Inc., and should not
be considered current. A Qualified Person has not done sufficient work to classify the historical
estimate as current mineral resources and the issuer is not treating the historical estimate as
current mineral resources.
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Additional information about King Global Ventures can be viewed at the Company's website
at www.kingglobal.gold or at www.sedarplus.ca.
On behalf of King Global Ventures
Robert Dzisiak
Chief Executive Officer
204-955-4803
The technical contents of this news release were approved by Andrew Lee Smith, Bsc., P.Geo,
ICD.D, a qualified person as defined by National Instrument 43-101.
Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Statement Regarding Forward-Looking Information
Certain information in this news release may contain forward-looking statements that involve
substantial known and unknown risks and uncertainties. These forward-looking statements are
subject to numerous risks and uncertainties, certain of which are beyond the control of the
Company, including but not limited to, the uncertainty of the financing, the impact of general
economic conditions, industry conditions, dependence upon regulatory approvals. Readers are
cautioned that the assumptions used in preparing such information, although considered
reasonable at the time of preparation, may prove imprecise and undue reliance should not be
placed on forward-looking statements. Forward-looking statements in this press release are
expressly qualified by this cautionary statement.
The forward-looking statements in this press release are made as of the date of this press
release, and the Company undertakes no obligations to update publicly or to revise any of the
included forward-looking statements, whether because of new information, future events or
otherwise, except as expressly required by applicable securities law.