Kingsland Energy arranges $63,142 private placement

Executive Summary

• Kingsland Energy Corp. proposes a non‑brokered private placement of 1,202,712 common shares at C$0.0525 per share for gross proceeds of approximately $63,142.38.
• The placement includes 213,735 shares issued to existing control person KF Capital Corp., invoking MI 61‑101 exemptions for related‑party transactions.
• Proceeds are earmarked for business administration and development; all securities will be subject to a four‑month plus one day statutory hold period.

Key Details

• Shares Offered: 1,202,712 common shares at C$0.0525 per share.
• Gross Proceeds: Approximately $63,142.38 CAD.
• Control Person Allocation: 213,735 shares to KF Capital Corp., an existing control person.
• Board Approval: Private placement approved by Kingsland’s board of directors.
• Regulatory Framework: Transaction qualifies as a related‑party transaction under Multilateral Instrument 61‑101; exemptions applied for formal valuation (Section 5.5(c)) and shareholder approval (Section 5.7(1)(b)).
• Post‑Placement Share Count: Existing shares 6,581,875 → post‑placement total 7,784,587 common shares issued and outstanding.
• Control Person Ownership Post‑Placement: KF Capital will hold 4,168,691 shares (≈53.55 % of voting interest on both undiluted and diluted bases).
• Statutory Hold Period: All securities issued are subject to a four‑month plus one day hold period after closing.
• Use of Proceeds: Funds will be used for business administration and development activities.

Notable Quotes

(No executive quotes provided in the release.)