King Global Ventures Updates Completion of Cleator Acquisition
December 19, 2024
King Global Ventures Updates Completion of Cleator
Acquisition
NOT FOR DISTRIBUTION IN THE U.S. OR DISSEMINATION THROUGH U.S. NEWSWIRE SERVICES
Toronto, Ontario – December 19, 2024 – King Global Ventures Inc. (CSE: KING) (OTC: KGLDF)
(FSE: 5LM1) (the "Company" or “King Global”) announces that further to its press release
issued December 16, 2024, it has closed the acquisition of 10% of the private town of Cleator
Arizona, for USD $500,000, by the issuance of 1,957,142 common share units, issued at CDN
$0.35 per unit. Each unit consists of one common share and one common share purchase
warrant, exercisable at $0.50 for a period of two years.
Securities issued on this closing will be subject to a statutory hold period of four months plus
a day from the date of closing.
This transaction falls into the related party transaction category, as three of the shareholders
of the vendor are insiders and directors of the Company. The Company has relied on the
exemptions from the valuation and minority shareholder approval requirements of MI 61-
101 contained in sections 5.5(a) and 5.7(a) of MI 61-101 in respect of such insider
participation. In addition, the related party directors have recused themselves from all board
discussions and decisions in relation to this potential transaction.
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.