King Global Announces $4.0 Million Unit Financing

Executive Summary

• King Global Ventures announces a non‑brokered private placement of up to $4,000,000 through the issuance of 6,666,667 units at $0.60 per unit.
• Each unit consists of one common share and one warrant (exercisable at $0.90 for two years). Units are subject to a 4‑month + 1‑day hold period.
• Net proceeds will be used to fund continued exploration and drilling on the Silver Cord and Black Canyon projects.

Key Details

• Units Offered: Up to 6,666,667 units @ $0.60 each → Maximum gross proceeds of $4,000,000.
• Unit Composition: 1 common share + 1 common share warrant per unit.
• Warrant Terms: Right to purchase one additional common share at $0.90; exercisable for two years from closing date.
• Hold Period: Units (shares and warrants) subject to a four‑month + one‑day lock‑up in accordance with CSE policies.
• Use of Proceeds: Fund exploration and drilling activities on the Silver Cord and Black Canyon Projects.
• Finder’s Fee: Cash fees will be paid to qualified finders who assist in selling the units, as permitted by applicable regulations.

Option & RSU Grants

• RSUs Issued: 140,000 restricted share units (RSUs).
• 40,000 RSUs vest immediately; remaining 100,000 vest equally over the next four quarters.
• Options Issued: 300,000 stock options at an exercise price of $0.61 per share, with a five‑year term and vesting equally over the next four quarters.

Qualified Person Statement (NI 43‑101)

• Andrew Lee Smith, P.Geo., ICD.D, reviewed and approved all scientific and technical information related to the 2025 Silver Cord drill program.
• Confirmed no material QA/QC issues; assay methods and geological interpretations deemed reliable.

Notable Quotes

“The capital raised through this private placement will enable us to accelerate our exploration programs at Silver Cord and Black Canyon, positioning King Global for continued growth.” – Robert Dzisiak, Chief Executive Officer

Materiality Assessment: Material – Positive (significant financing that directly supports ongoing exploration activities).