Mr. Jeffrey Allison reports
KINGSLAND ENERGY CORP. (NEX: KLE.H) ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Further
to its announcement on Dec. 13, 2023, Kingsland Energy Corp. has issued three million common shares at a price of one cent per common share for the gross proceeds of $30,000. These common shares are restricted from trading until May 5, 2024. The private placement was a
non-brokered private placement. Currently, Kingsland Energy has 6,105,684 common shares issued and
outstanding. Proceeds of the private placement will be used for business administration and
development.
KF Capital Corp. continues to be a control person and holds, owns or controls, direct or indirectly,
3,954,956 common shares of Kingsland Energy, or 64.77 per cent on an undiluted and diluted basis.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.