Northwire Canada EditionSaturday, July 25, 2026
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M&A / Property

Early Warning News Release Issued with Respect to the Acquisition of Securities of King Global Ventures Inc.

KING · Price

Executive Summary

  • Ben Hudye (through Hudye Inc.) purchased 1,250,000 units of King Global Ventures at $0.60 per unit in a private placement on March 2 2026.
  • Joseph Polish (through the Breathe Trust) completed three separate acquisitions totaling 1,892,221 units at prices ranging from $0.45 to $0.60 per unit between April 30 2025 and March 2 2026.
  • The combined transactions increase Hudye’s and Polish’s indirect holdings, raising their ownership percentages on a non‑diluted basis to 13.27% and 6.94%, respectively, and partially‑diluted stakes to 23.96% and 13.30%.

Key Details

  • Hudye Acquisition – 1,250,000 units @ $0.60 per unit; each unit = 1 common share + 1 non‑transferable warrant (exercise price $0.90, 2‑year term).
  • Pre‑acquisition Hudye holdings – 5,465,832 common shares, 5,465,832 warrants, 300,000 RSUs, 100,000 options (11.30% non‑diluted, 21.48% partially‑diluted).
  • Post‑acquisition Hudye holdings – 6,715,832 common shares, 6,715,832 warrants, 300,000 RSUs, 100,000 options (13.27% non‑diluted, 23.96% partially‑diluted).

  • Polish Acquisitions

  • April 30 2025 – 1,588,888 units @ $0.45 per unit (warrant exercise price $0.65).
  • March 2 2026 – 303,333 units @ $0.60 per unit (warrant exercise price $0.90).
  • Polish pre‑acquisition holdings – 1,620,000 common shares and warrants (≈7.73% non‑diluted, 15.48% partially‑diluted).
  • Polish post‑acquisition holdings – 3,512,221 common shares and warrants, plus 50,000 RSUs and 150,000 options (6.94% non‑diluted, 13.30% partially‑diluted).

  • Option & RSU Grants to Polish

  • Jan 15 2025 – 100,000 stock options @ $0.35, expiring Jan 15 2030.
  • July 1 2025 – 50,000 RSUs @ $0.70, expiring Jul 1 2030.
  • July 1 2025 – Additional 50,000 stock options @ $0.70, expiring Jul 1 2030.

  • Purpose – Acquisitions made for investment purposes; both parties state a long‑term view and may buy or sell additional securities in the future.

  • Regulatory filing – Early warning reports filed by Hudye and Polish are available on King’s SEDAR+ profile.

Notable Quotes

  • “Ben Hudye, including those entities which he controls, and Joseph Polish, including those entities which they control, have a long‑term view of the investment and may acquire additional securities of the Corporation… depending on market conditions.” – Robert Dzisiak, CEO, King Global Ventures.
Read the original news release →

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