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Kingfisher Metals Corp. - KGFMF STOCK NEWS

Welcome to our dedicated page for Kingfisher Metals news (Ticker: KGFMF), a resource for investors and traders seeking the latest updates and insights on Kingfisher Metals stock.

Kingfisher Metals Corp. (KGFMF) is a Canadian exploration company focused on district-scale projects in British Columbia's Golden Triangle region. With a portfolio of projects offering exposure to gold, copper, silver, and zinc, Kingfisher has been making strides in the mining industry. Recent achievements include finalizing a non-brokered private placement for gross proceeds of up to $2 million. The Company has also announced a consolidation of its common shares, improving its market position. Kingfisher's commitment to exploration and discovery sets it apart in the mining sector.

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Kingfisher Metals has completed its acquisition of the LGM Project from Origen Resources, as initially announced in June 2024. The transaction involved Kingfisher issuing 3,000,000 shares and paying C$75,000 to Origen. The LGM Project, spanning 26,771 hectares, expands Kingfisher's holdings in British Columbia's Golden Triangle from 362 km2 to 630 km2. The acquisition includes targets akin to KSM in the west and Galore Creek in the central region, with unexplored Eskay Creek-type stratigraphy to the east. Notable highlights include historical trench sampling at the Grizzly Target, which yielded 0.74% Cu and 1.09 g/t Au over 38 meters. Additionally, stream sampling at Lucifer identified a 4 km-long trend with samples grading up to 7.8 g/t Au. The LGM Project is fully permitted for diamond drilling and holds significant discovery potential for Galore Creek-type porphyry systems.

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CEO.CA Technologies, a leading investor social network focused on junior resource and venture stocks, shares exclusive updates from top executives in a recent series titled 'Inside the Boardroom'.

In the latest installment, CEO.CA interviewed Dean Skurka of WonderFi Technologies, Thomas Abraham-James of Pulsar Helium, Mark Selby of Canada Nickel, and Dustin Perry of Kingfisher Metals. These discussions provide valuable insights into the strategies, challenges, and visions of these junior mining companies.

CEO.CA, a subsidiary of EarthLabs, attracts millions of global investors annually, offering a platform for knowledge exchange and impactful stock stories. The series aims to shape the business landscape by sharing firsthand industry leader perspectives.

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Kingfisher Metals has announced the commencement of its 2024 phase 1 exploration at the HWY 37, LGM, and Thibert projects in British Columbia. The exploration includes a 1158 line-km ZTEM airborne geophysical survey starting in late June, VRIFY AI machine learning applications, and follow-up mapping and IP surveys at the HWY 37 and LGM projects. A soil and till sampling campaign will be conducted at the Thibert Project. The company's CEO, Dustin Perry, emphasized the goal of identifying new porphyry centers and high-grade mineral targets. Historical data highlights significant mineralization at these projects, with promising intercepts of copper and gold.

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Kingfisher Metals has signed a definitive agreement to acquire the LGM Project in British Columbia's Golden Triangle from Origen Resources. This acquisition expands Kingfisher's holdings in the region from 362 km² to 630 km². The LGM Project features multiple exploration targets, including KSM-type, Galore Creek-type, and Eskay Creek-type systems. Historical sampling at the Grizzly and Lucifer targets indicates significant mineralization potential, with trench samples at Grizzly showing 0.74% Cu and 1.09 g/t Au over 38 meters. The project is fully permitted for diamond drilling. The acquisition will be executed through issuing 3,000,000 Kingfisher shares and paying C$75,000 in cash to Origen. The transaction is pending approval from TSX-V and CSE.

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Kingfisher Metals announced the closure of the final tranche of its private placement, raising a total of C$2,108,462.08. This includes the second tranche, which issued 6,869,998 units at C$0.175 per unit for C$1,202,249.65. The first tranche raised C$1,108,116. Each unit consists of one common share and one-half of one transferable common share purchase warrant, exercisable at C$0.30 for 24 months. Commissions were paid to an eligible finder, including a cash commission of C$630.00 and 3,600 finder warrants. Crescat Portfolio Management, an insider, participated in the second tranche, making the transaction a related party transaction exempt from formal valuation and minority shareholder approval requirements.

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Kingfisher Metals Corp. (KGFMF) has closed the first tranche of its private placement financing, raising C$906,212.43 via 4,521,214 units at $0.175 per unit and 511,111 flow-through units at $0.225 per unit. Each unit includes one common share and half a warrant, while each flow-through unit consists of one flow-through share and half a non-flow-through warrant. Warrants can be exercised within 24 months at $0.30. The funds will be used for Canadian exploration expenses. A final tranche, aiming to raise an additional C$1,093,787.57, is expected to close in May 2024. Insider participation includes CEO Dustin Perry and other directors. The offering is subject to regulatory approvals and a four-month hold period.

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Kingfisher Metals Corp. announces a consolidation of shares at a ratio of 5 pre-consolidation shares for 1 post-consolidation share, reducing outstanding shares to approximately 28 million. The move aims to enhance market competitiveness and attract a broader investor base.
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Kingfisher Metals Corp. announces a non-brokered private placement to raise $2 million and a consolidation of common shares. The Offering includes flow-through units and units at specific prices, with warrants attached. The Company plans to use the proceeds for eligible Canadian exploration expenses. The Consolidation will reduce the number of common shares outstanding significantly. The Offering is subject to regulatory approvals and hold periods. Certain parties may receive finder's fees. The Company's name and symbols will remain unchanged.
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Kingfisher Metals Corp. announces a non-brokered private placement to raise up to $2.0 million through flow-through units and units, with each unit comprising common shares and purchase warrants. The proceeds will fund qualifying expenditures for the company's projects in British Columbia. The offering is subject to regulatory approvals and will include a hold period for the securities. The company aims to renounce all qualifying expenditures to subscribers of the flow-through units by December 31, 2024.
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Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) announced the full results of the 2023 diamond drilling program at the HWY 37 Project in northwest British Columbia, revealing significant potential for the discovery of large porphyry systems. The Mary porphyry system, one of three advanced targets, expanded the northerly strike length and increased the width, with drilling uncovering a large alteration body below the barren cover. The company is looking forward to continued drilling in 2024 at this underexplored porphyry district within the prolific Golden Triangle of British Columbia.
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FAQ

What is Kingfisher Metals Corp. focused on?

Kingfisher Metals Corp. is focused on district-scale exploration projects in the Golden Triangle region of British Columbia.

What recent achievement has Kingfisher Metals Corp. made?

Kingfisher Metals Corp. recently completed a non-brokered private placement for gross proceeds of up to $2 million.

What strategic move has Kingfisher Metals Corp. announced?

Kingfisher Metals Corp. has announced a consolidation of its common shares, improving its market position.

What makes Kingfisher Metals Corp. stand out in the mining industry?

Kingfisher Metals Corp.'s commitment to exploration and discovery, along with its diverse portfolio of projects, sets it apart in the mining sector.

Kingfisher Metals Corp.

OTC:KGFMF

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6.64M
22.20M
22.87%
18.36%
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