King Global Ventures Inc. Announces Final Closing of Common Share Unit Financing
November 1, 2024
King Global Ventures Inc. Announces Final Closing of
Common Share Unit Financing
NOT FOR DISTRIBUTION IN THE U.S. OR DISSEMINATION THROUGH U.S. NEWSWIRE SERVICES
Toronto, Ontario – November 1, 2024 – King Global Ventures Inc. (CSE: KING) (OTC: KGLDF) (FSE:
5LM1) (the " Company") announced that it has closed the final tranche of its non- brokered private
placement (the “Financing”). In the first tranche the Company raised proceeds of $1,397,436 through
the sale of 3,992,668 units. The second and final tranche the Company raised proceeds of $172,499.25
through the sale of 492,855 Units. The Company paid finders fees on the final tranche to qualified finders
of $1,374.89 and issued 39,285 broker warrants. The broker warrants are exercisable at $0. 50, and
expire on November 1, 2026.
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 $0.50 per Common Share for a period of two
years following the closing date of the Offering.
Securities issued on this closing will be subject to a statutory hold period of four months plus a day from
the date of closing.
The Company intends to use the net proceeds of the Offering for an expanded drill program at the Silver
Cord Project, working capital requirements and other general corporate purposes.
About King Global Ventures:
Silver Cord Property in Arizona
King Global Ventures is focused on the exploration of precious metals in North America. The
Silver Cord Project in Yavapai County Arizona is comprised of 133 contiguous concessions
covering a total area of 2,437 ac, including 12 former operating mines. And is situated 64
miles north of Phoenix Arizona. The Silver Cord 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 12 miles N.W. of Arizona
Metals and 60 miles south of the historic Jerome Copper mine.
York Property in Quebec
The York Property is comprised of 77 claims exceeding 40 sq. km. The Property is on trend
between Azimut’s Elmer Property and the Eleonor Gold Mine. The Eleonor Mine is hosted by
rocks similar to the clastic sediments known to host the Ukaw gold showings.
Additional information about King Ventures can be viewed at the Company's website
at www.kingcse.com or at www.sedarplus.ca.
On behalf of King Global Ventures
Robert Dzisiak
Chief Executive Officer
204-955-4803
www.kingcse.com
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.