King Global Ventures Closes Private Placement
Toronto, Ontario — March 2, 2026 — Leads & Copy —
King Global Ventures Inc. has closed the final tranche of its non-brokered private placement, the company announced March 2, 2026. In the first tranche, King Global (CSE:KING) (OTC: KGLDF) (FSE: 5LM1) raised $2,640,686.80 through the sale of 4,401,142 Units. Of that total, $87,499.80 represented a non-arms-length debt settlement by the company of debt incurred for director’s fees.
In the second and final tranche, the Company raised $1,361,000 through the sale of 2,268,332 Units. $42,000 of that total represented a non-arms-length debt settlement by the Company of debt incurred for director’s fees. Each Unit is comprised of one common share and one 2-year Common Share purchase warrant. Each Warrant entitles the holder to purchase one additional Common Share at a price of $0.90 per Common Share for a period of two years following the closing date of the Offering.
Securities issued on this closing are subject to a four-month and one day hold period in accordance with the policies of the Canadian Securities Exchange and applicable securities legislation.
The issuance of 1,786,666 Units, in aggregate, to certain insiders of the Company on the second tranche constitutes a “related party transaction” as such term is defined in Multilateral Instrument 61-101 (“MI 61-101”). The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements, pursuant to Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Units nor the consideration for such Units, insofar as it involves the insiders, exceeds 25 percent of the Company’s market capitalization.
King Global intends to use the net proceeds of the Private Placement to continue exploration and drilling on its Silver Cord and Black Canyon Projects.
The Private Placement is subject to certain conditions, including approval from the Canadian Securities Exchange.
King Global Ventures is focused on the exploration of precious and base metals in North America. The Black Canyon Project in Yavapai County Arizona is comprised of 213 contiguous concessions covering a total area of 3,800 ac, including 15 former operating mines including the past producing Howard Copper Mine, and is situated 100 km (64 miles) north of Phoenix Arizona. The Black Canyon 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 is approximately 8 km (12 miles) N.W. of Arizona Metals and 100 km (60 miles) south of the historic Jerome Copper mine.
The Howard Copper Mine Property is located on 78 acres of patented land approximately 100 km (64 miles) north of Phoenix AZ. Discovered in the early 1920’s, small scale production and development focused on high-grade copper. An estimated 100,000 tonnes of copper grading between 3-5% copper was mined from the property until it was closed in 1942 due to the inability to secure fuel rations during WW2. Historical reports state that the main shaft was sunk to the 900-foot level, but that no ore was mined below the 500-foot level.
The Mikwam Gold Property is located in Noseworthy Township within the Abitibi Greenstone Belt of the Superior Province, northeastern Ontario. It lies along the Casa Berardi Deformation Zone that hosts Detour Gold’s Burntbush Property. The Mikwam deposit is hosted within Timiskaming-aged polymictic conglomerate and greywacke units and contains disseminated and vein-hosted gold mineralization associated with quartz-carbonate veins and pyrite mineralization.
A NI 43-101 technical report prepared for Galena International Resources Ltd. by Caracle Creek International Consulting Inc., dated December 8, 2016, disclosed a historical inferred mineral resource of 1,810,000 tonnes grading 2.34 g/t gold, containing 136,000 ounces of gold at a cut-off grade of 1.00 g/t Au. This estimate (announced by Galena in a December 12, 2016 press release) is historical in nature, was not prepared for King Global Ventures Inc., and should not be considered current. A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources and the issuer is not treating the historical estimate as current mineral resources.
Additional information about King Global Ventures can be viewed at the Company’s website or at www.sedarplus.ca.
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.
Source: King Global Ventures Inc.
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