Mr. Robert Dzisiak
reports
KING GLOBAL ANNOUNCES $4.0 MILLION UNIT FINANCING
King Global Ventures Inc. is undertaking a non-brokered private placement of up to $4-million. The company will issue up to 6,666,667 units at a price of 60 cents per unit. Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for 90 cents for a period of two years from the date of closing.
The common shares and warrants comprising the units will be 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 company intends to use the net proceeds of the private placement to continue exploration and drilling on its Silver Cord and Black Canyon projects. The company will pay a finder's fee in cash to qualified finders that assist in selling the units, as permitted by Canadian Securities Exchange policy and applicable securities law.
The private placement is subject to certain conditions, but not limited to, the receipt of all necessary approvals, including approval from the CSE.
Option grant
The company also announces that it has issued 140,000 RSUs (restricted share units) and 300,000 options to consultants pursuant to its RSU and option compensation plans. The options were issued with an exercise price of 61 cents for a period of five years, with vesting equally over the next four quarters. The RSUs vest immediately, except for 100,000, which also vest equally over the next four quarters.
Qualified person statement (National Instrument 43-101)
The scientific and technical information contained in this news release has been reviewed and approved by Andrew Lee Smith, PGeo, ICDD, who is a qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects. Mr. Smith is an independent consultant to King Global Ventures and is independent of the company for the purposes of NI 43-101.
In verifying the scientific and technical information contained in this release, the qualified person conducted a comprehensive review of all available analytical data, geological logs, drill core photographs and supporting documentation generated during the 2025 Silver Cord drill program. This verification work included confirmation of the sampling procedures used in the field, an assessment of chain-of-custody protocols and evaluation of the security measures implemented to ensure sample integrity from the drill site to the laboratory.
As part of his review, the qualified person examined King Global's quality assurance/quality control program, including the insertion of certified reference standards, blanks and duplicate samples into the analytical stream. He also verified that no material QA/QC issues were identified that would affect the reliability of the assay results. In addition, the qualified person reviewed original assay certificates issued by
ALS Geochemistry, an independent laboratory accredited to ISO/IEC 17025:2017 standards, and confirmed that the analytical methods applied -- including multielement ICP-MS, ICP-AES and appropriate overlimit reanalysis -- are suitable for the style of mineralization encountered at Silver Cord.
The qualified person further confirmed that the geological interpretations presented in this release -- including references to structural controls, alteration patterns (AI/CCPI), metal zonation and evidence for multiple phases of hydrothermal mineralization -- are consistent with the observed drill core, surface mapping, geochemical signatures and assay data. These interpretations are presented as conceptual geological models based on current drilling and are supported by the data available at this stage of exploration.
About King Global Ventures Inc.
Black Canyon property in Arizona
King Global Ventures is focused on the exploration of precious and base metals in North America. The Black Canyon project in Yavapai county, Arizona, comprises 213 contiguous concessions covering a total area of 4,000 acres encompassing 15 former-operating mines, including the past-producing Howard copper mine. The Black Canyon project is situated 100 kilometres (62 miles) north of Phoenix, Ariz., and 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 such as Bagdad, Jerome and Cleopatra. The property is on trend and is approximately 13 kilometres (eight miles) northwest of Arizona Metals Corp.
The Howard copper mine property is located on 78 acres of patented land. Discovered in the early 1920s, small-scale production and development focused on high-grade copper. Historical reports state that the main shaft was sunk to the 900-foot level but no ore was mined below the 500-foot level.
The Mikwam property
The Mikwam gold property is located in Noseworthy township within the Abitibi greenstone belt of the Superior province in Northeastern Ontario. It lies along the Casa Berardi deformation zone, which 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.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.