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Enter Symbol
or Name
USA
CA



King's Bay Resources Corp
Symbol KBG
Shares Issued 68,810,214
Close 2019-03-29 C$ 0.04
Market Cap C$ 2,752,409
Recent Sedar Documents

ORIGINAL: King's Bay Resources to borrow up to $250,000

2019-07-04 17:36 ET - News Release

Received by email:

File: news release KBG announces Bridge Loan July 5, 2019.docx

  




King's Bay Arranges Loan

Vancouver, July 4, 2019 - King's Bay Resources Corp. (TSX.V: KBG), (FSE: KGB1), (the "Company") announces that that it
---> has arranged to borrow up to $250,000 from several parties, including a director and another insider of the Company. 
--->The loan is unsecured, carries an interest rate of 12% and is due in 1 year. The loans are convertible into units at a
---> price of $0.20 per unit. Each unit consists of one common share and one share purchase warrant exercisable for 2 year
--->s. Each warrant may be exercised for one common share at a price of $0.35 per share if exercised in the first year and
---> $0.60 per share if exercised in the second year. 

The Company requires these funds for working capital and to pay its expenses of the proposed S&S acquisition, see Comp
--->any news release dated March 29, 2019. 

The convertible loan offering is subject to TSX Venture Exchange approval. 

On Behalf of the Board 

Kevin Bottomley President & Chief Executive Officer
O: 604 681 1568
E: Kevin@kingsbayres.com

For Investment Inquiries please contact: 
Jared Rushton
O: 604 681 1568 
E: jrushton@kingsbayres.com


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 release.




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