Northwire Canada EditionThursday, November 12, 2026
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Financings

King Global directors Hudye, Polish acquire securities

KING · Price

Executive Summary

  • King Global Ventures Inc. issued an Early Warning Report under National Instrument 62-103 regarding significant acquisitions of securities by two directors, Ben Hudye and Joseph Polish, triggering regulatory disclosure thresholds.
  • Ben Hudye (via Hudye Inc.) acquired 1.25 million units in a private placement on March 2, 2026, increasing his total beneficial ownership to approximately 13.27% on a non-diluted basis.
  • Joseph Polish (via the Breathe Trust and direct grants) accumulated additional units and options throughout 2025 and early 2026, bringing his total beneficial ownership to approximately 6.94% on a non-diluted basis.

Key Details

  • Ben Hudye Acquisition (March 2, 2026):

    • Acquired 1,250,000 units at $0.60 per unit via private placement.
    • Each unit consists of one common share and one non-transferable common share purchase warrant.
    • Warrants are exercisable at $0.90 per share for a period of two years.
    • Pre-acquisition Holdings: 5,465,832 common shares, 5,465,832 warrants, 300,000 RSUs, and 100,000 options (11.30% non-diluted / 21.48% partially diluted).
    • Post-acquisition Holdings: 6,715,832 common shares, 6,715,832 warrants, 300,000 RSUs, and 100,000 options (13.27% non-diluted / 23.96% partially diluted).
  • Joseph Polish Activity:

    • January 15, 2025: Granted 100,000 stock options exercisable at $0.35, expiring January 15, 2030.
    • April 30, 2025: Breathe Trust acquired 1,588,888 units at $0.45 per unit via private placement.
      • Each unit consists of one common share and one non-transferable common share purchase warrant.
      • Warrants are exercisable at $0.65 per share for a period of two years.
    • July 1, 2025: Granted 50,000 RSUs and 50,000 stock options, both exercisable at $0.70, expiring July 1, 2030.
    • March 2, 2026: Breathe Trust acquired 303,333 units at $0.60 per unit via private placement.
      • Each unit consists of one common share and one non-transferable common share purchase warrant.
      • Warrants are exercisable at $0.90 per share for a period of two years.
    • Pre-acquisition Holdings (Jan 2025 baseline): 1.62 million common shares and 1.62 million warrants (7.73% non-diluted / 15.48% partially diluted).
    • Post-acquisition Holdings: 3,512,221 common shares, 3,512,221 warrants, 50,000 RSUs, and 150,000 options (6.94% non-diluted / 13.30% partially diluted).
  • Transaction Terms:

    • All unit acquisitions were made for investment purposes.
    • Both investors indicated a long-term view and may acquire additional securities or sell existing ones depending on market conditions.
    • Early warning reports have been filed with the relevant securities commissions and are available on King Global Ventures Inc.'s SEDAR+ profile.
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