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Image source: © 2025 Krish Capital Pty. Ltd.
Highlights
• Non-brokered private placement targets CAD 504,000 via 7.2 million units at CAD 0.07 each
• Warrants exercisable at CAD 0.09 for 24 months; finder’s fees may apply
• TSX Venture Exchange grants AGM extension deadline to October 21, 2025
Kingman Minerals Ltd. (TSXV:KGS; OTCQB:KGSSF; FSE:47A) announced on July 11, 2025, that it intends to complete a non-brokered private placement of up to CAD 504,000, subject to TSX Venture Exchange approval. The financing will involve the issuance of up to 7,200,000 units priced at CAD 0.07 each.
Each unit will include one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional common share at a price of CAD 0.09 for a period of 24 months following the closing. The company may pay finder’s fees equal to six percent of gross proceeds and issue finder’s warrants equal to six percent of the number of units sold, also exercisable at CAD 0.09 for two years.
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