Kingsland closes $63,142 private placement

Executive Summary

• Kingsland Energy Corp. closed a non‑brokered private placement of 1,202,712 common shares at $0.0525 per share, generating gross proceeds of $63,142.38.
• The issuance brings the total outstanding common shares to 7,784,587.
• Proceeds will be allocated to business administration and development, and all issued securities are subject to a statutory hold period of four months and one day.

Key Details

• Shares Issued: 1,202,712 common shares
• Price per Share: $0.0525 (5.25 cents)
• Gross Proceeds: $63,142.38
• Placement Type: Non‑brokered private placement; no finders’ fees payable
• Post‑closing Share Count: 7,784,587 common shares issued and outstanding
• Statutory Hold Period: Four months and one day from the closing date for all securities issued or issuable under the placement
• Use of Proceeds: Business administration and development activities

Notable Quotes

(No executive quotes were provided in the release.)