King’s Bay Announces $250,000 Non-Brokered Private Placement
Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240
King’s Bay Announces $250,000 Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR
DISSEMINATION IN THE UNITED STATES
September 06, 2017 - King’s Bay Resources Corporation (TSXv: KBG)(FSE: KGB1) (the “Company” or
“King’s Bay”) is pleased to announce a non-brokered private placement for 2,500,000 Units of the Company
at a price of $0.10 per Unit for gross proceeds of $250,000.
Each Unit will consist of one common share and one share purchase warrant (a “Warrant”). Each Warrant
will entitle the holder to purchase one additional common share of the Company at a price of $0.15 per share
for a period of 24 months from closing.
All or a portion of the Offering may be completed pursuant to Multilateral CSA Notice 45-318 Prospectus
Exemption for Certain Distributions through an Investment Dealer ("CSA 45-318") and the corresponding
instruments, orders and rules implementing CSA 45-318 in the participating jurisdictions (collectively with
CSA 45-318, the "Investment Dealer Exemption").
In order for the Company to be able to rely on the Investment Dealer Exemption, each subscriber must
purchase the shares as principal and obtain advice regarding the suitability of the investment from a person
that is registered as an investment dealer in the jurisdiction in which the subscriber is resident. All the
securities will be subject to a four-month hold period from the date of closing. There may be finder’s fee
payable in connection with this placement.
The private placement is subject to the approval of the TSX Venture Exchange. The Company intends to use
the proceeds of the Offering as follows: $175,000 for the upcoming drilling program, $25,000 legal,
accounting and regulatory fees, $50,000 and unallocated working capital.
There are no material facts or material changes that have not been generally disclosed by the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
King’s Bay Resources Corporation
“Kevin Bottomley”
President & Chief Executive Officer
Tel: (604) 681-1568
For investment inquiries please contact:
Jared Rushton, Corporate Development
Tel: (604) 681-1568
Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements. This news release contains forward-looking statements relating to the future operations of
the Company and other statements that are not historical facts. Forward-looking statements in this release, including our
intended closing on the $250,000 proposed financing and our planned expenditures with these funds. Forward-looking
statements involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated in such statements. Factors that could
cause our forward looking statements to differ from events include that we may not close on $250,000 in financing or
any part of it; and that other expenditures may be required to be made by the Company and take precedence over our
planned expenditures. The forward-looking statements contained in this news release are made as of the date of this
news release and the Company will not update or revise publicly any of the included forward-looking statements except
as expressly required by Canadian securities law.