King’s Bay Closes Property Purchase Agreement
Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240
King’s Bay Closes Property Purchase Agreement
Vancouver, March 1st, 2017 – King’s Bay Gold Corporation (TSX.V: KBG), (FSE: KGB1),
operating as “King’s Bay”, a mining exploration and development company based in Vancouver
Canada, is pleased to announce that it has closed the acquisition of the Trump Island mineral
property in Newfoundland and Labrador pursuant to an agreement dated Feb. 6, 2017 between the
company, and Gary Lewis, Nigel Lewis and Unity Resources Inc.
The company has made a cash payment of $7,000 and will issue 200,000 shares at a deemed price
of 19.5 cents per share to the property sellers. The property is subject to a 2-per-cent net smelter
return in favour of the vendors, of which 50 per cent can be repurchased for $1-million.
In addition, the Company corrects its news release of February 1, 2017 announcing issuance of
1,250,000 stock options exercisable at $0.115 for 2 years. The number of options granted was
reduced to 816,128 in place of 1,250,000, issued otherwise on the same terms.
About King’s Bay
King’s Bay is focused on the exploration of cobalt and other high‐tech metals in North America.
The company believes in this emerging fast‐growth sector and will continue to seek out and
evaluate properties that show promise for development. King’s Bay Gold Corp is operating as
King’s Bay.
On Behalf of the Board of Directors,
Kevin Bottomley CEO, President
For Investment Inquiries please contact:
Brad Hoeppner Director
O: 604 681 1568
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy
of this release.