Kingfisher Announces Upsize to Private Placement
Kingfisher Metals (TSX-V:KFR, OTCQB:KGFMF) has announced an increase to its previously announced non-brokered private placement due to high demand. The company will now raise up to $1,850,000 through the offering of units priced at $0.165 each.
Each unit consists of one common share and one-half of a transferable common share purchase warrant. Each whole warrant can be exercised at $0.30 per share for a 24-month period following the closing date.
The proceeds will be used to expand Kingfisher's business operations, including the acquisition of the Ball Creek West project from P2 Gold Inc., and for general working capital purposes.
Kingfisher Metals (TSX-V:KFR, OTCQB:KGFMF) ha annunciato un aumento della sua precedente offerta di collocamento privato non intermediato a causa dell'alta domanda. L'azienda adesso raccoglierà fino a $1.850.000 attraverso l'offerta di unità a un prezzo di $0,165 ciascuna.
Ogni unità consiste in un'azione comune e in metà di un warrant trasferibile per l'acquisto di azioni comuni. Ogni warrant completo può essere esercitato a $0,30 per azione per un periodo di 24 mesi dalla data di chiusura.
Il ricavato sarà utilizzato per espandere le operazioni commerciali di Kingfisher, inclusa l'acquisizione del progetto Ball Creek West da P2 Gold Inc., e per esigenze generali di capitale circolante.
Kingfisher Metals (TSX-V:KFR, OTCQB:KGFMF) ha anunciado un aumento en su colocación privada previamente anunciada no mediada debido a la alta demanda. La compañía ahora recaudará hasta $1,850,000 a través de la oferta de unidades a un precio de $0.165 cada una.
Cada unidad consta de una acción común y media de un warrant transferible para la compra de acciones comunes. Cada warrant completo se puede ejercer a $0.30 por acción durante un período de 24 meses después de la fecha de cierre.
Los ingresos se utilizarán para expandir las operaciones comerciales de Kingfisher, incluida la adquisición del proyecto Ball Creek West de P2 Gold Inc., y para fines generales de capital de trabajo.
킹피셔 메탈스 (TSX-V:KFR, OTCQB:KGFMF)는 높은 수요로 인해 이전에 발표된 비중개 민간 배치를 늘렸다고 발표했습니다. 이 회사는 이제 각 유닛의 가격이 $0.165인 유닛을 통해 최대 $1,850,000를 모금할 것입니다.
각 유닛은 하나의 보통주와 전이 가능한 보통주 구매권의 절반으로 구성됩니다. 전체 워런트를 $0.30로 24개월 이내에 행사할 수 있습니다.
모금된 자금은 킹피셔의 사업 운영을 확장하는 데 사용되며, P2 골드 Inc.로부터 발 크릭 웨스트 프로젝트를 인수하는 데 포함되고 일반 운영 자본의 목적으로 사용될 것입니다.
Kingfisher Metals (TSX-V:KFR, OTCQB:KGFMF) a annoncé une augmentation de son placement privé non intermédiaire précédemment annoncé en raison d'une forte demande. La société va maintenant lever jusqu'à 1 850 000 $ par le biais de l'offre d'unités au prix de 0,165 $ chacune.
Chaque unité se compose d'une action ordinaire et de la moitié d'un bon de souscription transférable d'actions ordinaires. Chaque bon complet peut être exercé à 0,30 $ par action pendant une période de 24 mois suivant la date de clôture.
Les produits seront utilisés pour étendre les opérations commerciales de Kingfisher, y compris l'acquisition du projet Ball Creek West de P2 Gold Inc., et pour des besoins généraux en fonds de roulement.
Kingfisher Metals (TSX-V:KFR, OTCQB:KGFMF) hat eine Erhöhung seiner zuvor angekündigten nicht vermittelte Privatplatzierung aufgrund der hohen Nachfrage angekündigt. Das Unternehmen wird jetzt bis zu 1.850.000 USD durch das Angebot von Einheiten zu einem Preis von 0,165 USD pro Einheit beschaffen.
Jede Einheit besteht aus einer Stammaktie und der Hälfte eines übertragbaren Kaufwarrants für Stammaktien. Jeder vollständige Warrant kann zum Preis von 0,30 USD pro Aktie innerhalb eines Zeitraums von 24 Monaten nach dem Abschlussdatum ausgeübt werden.
Die Erlöse werden verwendet, um die Geschäftstätigkeiten von Kingfisher zu erweitern, einschließlich der Akquisition des Ball Creek West Projekts von P2 Gold Inc., und für allgemeine Betriebskapitalzwecke.
- Increased private placement size due to high investor demand
- Secured funding of up to $1,850,000 through unit offering
- Strategic acquisition of Ball Creek West project in progress
- Potential shareholder dilution from new share issuance
- Warrant exercise price ($0.30) represents significant premium to unit price ($0.165)
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISEMMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / January 10, 2025 / Kingfisher Metals Corp. (TSX-V:KFR)(FSE:970)(OTCQB:KGFMF) ("Kingfisher" or the "Company") is pleased to announce that due to demand the Company will increase its previously announced non-brokered private placement of units (the "Units") at a price of
Each Unit will consist of one common share and one-half of one transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one additional common share of the Company for 24 months from the closing date of the Offering at an exercise price of
The net proceeds from the Offering will be used for, but are not limited to, continuing to expand Kingfisher's business, including the acquisition of the Ball Creek West project from P2 Gold Inc., and general working capital purposes.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on copper-gold exploration in the Golden Triangle, British Columbia. The Company has quickly consolidated one of the largest land positions in the region at the contiguous 819 km2 HWY 37 Project. Kingfisher also owns (
For further information, please contact:
Dustin Perry, P.Geo.
CEO and Director
Phone: +1 778 606 2507
E-Mail: info@kingfishermetals.com
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this news release include, among others, statements relating to expectations regarding the expected closing date of the Offering, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company's business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: Kingfisher Metals Corp.
View the original press release on accesswire.com
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