Kingman Minerals Ltd. Announces Upsized $1.5 Million
Kingman Minerals (OTCQB: KGSSF) has announced an upsized non-brokered private placement, increasing the total gross proceeds from C$500,000 to C$1.5 million. The company will issue up to 21,428,571 units at C$0.07 per unit, with each unit comprising one common share and one warrant exercisable at C$0.09 for 24 months.
The proceeds will fund exploration at the Mohave Project, which includes the historic Rosebud Mine in Arizona, where previous sampling reported impressive grades of up to 688 g/t gold and 468 g/t silver. The company may pay 6% finder's fees and issue finder's warrants. Insiders may participate in the offering, with the company utilizing MI 61-101 exemptions.
Kingman Minerals (OTCQB: KGSSF) ha annunciato un aumento del finanziamento privato non brokerato, aumentando i proventi lordi totali da 500.000 CAD a 1,5 milioni di CAD. La società emetterà fino a 21.428.571 unità a 0,07 CAD per unità, ciascuna unità comprende una azione ordinaria e una warrant exercitabile a 0,09 CAD per 24 mesi.
I proventi saranno utilizzati per l'esplorazione del Mohave Project, che comprende la storica miniera Rosebud in Arizona, dove campioni precedenti hanno riportato gradi notevoli fino a 688 g/t oro e 468 g/t argento. La società potrebbe pagare una commissione del 6% agli intermediari e emettere warrant per intermediari. Gli insider possono partecipare all'offerta, con l'uso di esenzioni MI 61-101.
Kingman Minerals (OTCQB: KGSSF) ha anunciado una ampliación de la colocación privada no intermediada, elevando los ingresos brutos totales de 500.000 CAD a 1,5 millones de CAD. La empresa emitirá hasta 21,428,571 unidades a 0,07 CAD por unidad, cada unidad comprende una acción ordinaria y un warrant ejercitable a 0,09 CAD por 24 meses.
Los ingresos financiarán la exploración del Proyecto Mohave, que incluye la histórica Mina Rosebud en Arizona, donde muestreos anteriores reportaron grados impresionantes de hasta 688 g/t de oro y 468 g/t de plata. La empresa puede pagar honorarios de búsqueda del 6% y emitir warrants de buscador. Los insiders pueden participar en la oferta, con exenciones MI 61-101.
Kingman Minerals (OTCQB: KGSSF)가 비브로커 비공개 placement를 확대해 총 수익을 CAD 50만에서 CAD 150만으로 증가시켰습니다. 회사는 최대 21,428,571단위, 단위당 0.07 CAD를 발행하며, 각 단위는 보통주 한 주와 24개월 동안 행사 가능한 워런트를 포함합니다. 워런트 행사는 0.09 CAD입니다.
조달된 자금은 모하비 프로젝트의 탐사를 위해 사용되며, 이 프로젝트는 애리조나 주의 역사적 로즈버드 광산을 포함합니다. 이전 시료에서 금 688 g/t, 은 468 g/t의 높은 등급이 보고되었습니다. 회사는 중개인 수수료 6%를 지급하고 중개인 워런트를 발행할 수 있습니다. 내부자도 참여 가능하며, MI 61-101 면제를 이용합니다.
Kingman Minerals (OTCQB: KGSSF) a annoncé une augmentation de son placement privé non mandataire, portant les produits bruts totaux de 500 000 CAD à 1,5 million de CAD. La société émettra jusqu'à 21 428 571 unités à 0,07 CAD par unité, chaque unité comprenant une action ordinaire et un bon de souscription exerçable à 0,09 CAD pendant 24 mois.
Les produits serviront à financer l'exploration du Projet Mohave, qui inclut l'ancienne Mine Rosebud en Arizona, où des échantillons antérieurs ont rapporté des teneurs impressionnantes allant jusqu'à 688 g/t d'or et 468 g/t d'argent. La société peut payer des frais de recherche de 6% et émettre des warrants de recherche. Les initiés peuvent participer à l'offre, avec des exemptions MI 61-101.
Kingman Minerals (OTCQB: KGSSF) hat eine erhöhte nicht-brokerierte Privatplatzierung angekündigt und die Bruttoerlöse von 500.000 CAD auf 1,5 Millionen CAD erhöht. Das Unternehmen wird bis zu 21.428.571 Einheiten zu je 0,07 CAD pro Einheit ausgeben, wobei jede Einheit eine Stammaktie und ein Optionsschein enthält, der für 24 Monate ab 0,09 CAD ausübbar ist.
Die Mittel dienen der Exploration des Mohave-Projekts, das die historisch bedeutsame Rosebud-Mine in Arizona umfasst, wo frühere Proben beeindruckende Grade von bis zu 688 g/t Gold und 468 g/t Silber ergaben. Das Unternehmen kann Findergebühren in Höhe von 6% zahlen und Finder-Warrants ausgeben. Innenausschlüsse können an der Offer teilnehmen, wobei MI 61-101-Ausnahmen genutzt werden.
Kingman Minerals (OTCQB: KGSSF) أعلنت عن زيادة في الطرح الخاص غير الوسيط، مما رفع العائدات الإجمالية من 500,000 CAD إلى 1.5 مليون CAD. ستصدر الشركة حتى 21,428,571 وحدة بسعر 0.07 CAD للوحدة، حيث تتكون كل وحدة من سهم عادي وحق اكتتاب قابل للممارسة بسعر 0.09 CAD لمدة 24 شهراً.
ستستخدم العائدات لتمويل الاستكشاف في مشروع موهافي، الذي يشمل منجم روز بود التاريخي في أريزونا، حيث أظهرت العينات السابقة درجات مذهلة تصل إلى 688 ج/ط ذهب و468 ج/ط فضة. يجوز للشركة دفع عمولات مكتشف قدرها 6% وإصدار منح warrants للمكتشفين. يمكن للمطلعين المشاركة في العرض، مع الاستفادة من استثناءات MI 61-101.
Kingman Minerals (OTCQB: KGSSF)宣布扩大非经纪人私募配售，将总毛额从50万美元增至150万美元。公司将发行最多21,428,571份单位，单位价格0.07美元，每份单位包含一股普通股和一个行使价为0.09美元、有效期24个月的认股权证。
募集资金将用于在莫哈维项目的勘探，该项目包括亚利桑那州的历史性 Rosebud 矿，其中先前的取样显示出高达688 g/t 金和 468 g/t 银的显著品位。公司可能支付6% 的找矿人费用并发行找矿人认股权证。内部人士可参与该发行，公司将采用 MI 61-101 豁免。
- Strong investor demand led to 200% increase in offering size from C$500,000 to C$1.5 million
- Historic Rosebud Mine shows high-grade potential with samples of 688 g/t gold and 468 g/t silver
- 24-month warrants provide additional upside potential at C$0.09 exercise price
- Significant dilution with issuance of up to 21,428,571 new units
- Additional dilution possible through 6% finder's warrants
- Insider participation may raise conflict of interest concerns
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Kingman Minerals Ltd. (TSXV: KGS) (OTCQB: KGSSF) (FSE: 47A) ("Kingman" or the "Company") is pleased to announce an upsizing of its previously announced non-brokered follow-on private placement (cf. NR dated September 9, 2025), due to continued and strong investor demand. Total gross proceeds of the offering are now expected to be up to C
The Company will issue up to 21,428,571 units at a price of C
Use of Proceeds
The net proceeds of the offering will be used to fund continued exploration and development activities at the Company's Mohave Project, including diamond drilling, geophysics, geochemical sampling, and permitting, as well as for general working capital. The Mohave Project includes the historic high-grade Rosebud Mine in Mohave County, Arizona, where bonanza-grade underground sampling of up to 688 g/t gold and 468 g/t silver has been previously reported.
Finders' Fees
The Company may pay finders' fees equal to
Closing Conditions
The closing of the offering is subject to all necessary regulatory approvals, including approval of the TSX Venture Exchange. All securities issued under the offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.
Related Party Participation
It is anticipated that certain insiders of the Company may acquire units under the offering. Any such participation will be considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The Company will rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), on the basis that the fair market value of the participation by insiders will not exceed
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
ABOUT
Kingman Minerals Ltd. (TSXV: KGS) is a publicly traded exploration and development company focused on precious metals in North America. The Company's flagship project is the
For further information, please contact:
Simon D. Studer
Interim CEO, President & Director
simonstuder@kingmanminerals.com
Phone: 0041-44-585-2484
Corporate Office
Tel: (604) 685-7720
Email: info@kingmanminerals.com
Web: www.kingmanminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to statements with respect to: the terms of the Private Placement; the anticipated use of proceeds; the completion of the Private Placement; and the approval of the TSX Venture Exchange.
All statements, other than statements of historical fact, included herein, constitutes forward-looking information. Although Kingman believes that the expectations reflected in such forward-looking information and/or information are reasonable, undue reliance should not be placed on forward-looking information since Kingman can give no assurance that such expectations will prove to be correct. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties and other factors identified in Kingman's periodic filings with Canadian securities regulators. Forward-looking information are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking information. Important factors that could cause actual results to differ materially from Kingman's expectations include risks related to the completion of the Private Placement, including TSXV approval; risks associated with the business of Kingman; risks related to reliance on technical information provided by Kingman; risks related to exploration and potential development of the Company's mineral properties; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and First Nation groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in Kingman's filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268817
FAQ
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