King Global Ventures Inc. Corrects Stock Option and RSU Issuances
- 1 -
King Global Ventures Inc. Corrects Stock Option and RSU
Issuances
Toronto, Ontario – August 9, 2024 – King Global Ventures Inc. (CSE: KING) (OTC: KGLDF) (FSE: 5LM1) (the
"Company”) wishes to announce a correction to certain incentive stock options ("Options") and restricted
share units ("RSUs") previously granted by the Company. On July 22, 2024, the Company announced the
granting of 2,000,000 Options and 2,000,000 RSUs to certain eligible recipients pursuant to the Company's
incentive option plan and RSU/DSU plan (the "Plans").
The Company inadvertently issued more Options and RSU’s than allowed under the two incentive
plans. Therefore, the Company has rescinded the excessive portion issuance of such number of Options
and RSU’s such that 1,550,000 RSUs and 500,000 Options have been issued pursuant to the Plans. Each
Option is exercisable at $0.60/share for a period of 2 years with 50% vesting immediately and 50% vesting
3 months from issuance. Each RSU is exercisable at $0.60/share with 50% vesting immediately and 50%
vesting 3 months from issuance.
Insiders were issued 150,000 options and 550,000 RSUs.
About King Global Ventures:
Silver Cord Property in Arizona
King Global Ventures Inc. is focused on the exploration of precious metals in North America. The Silver
Cord Project in Yavapai County Arizona is comprised of 41 concessions covering a total area of 790 ac. 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.