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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.

Proceeds will be allocated toward general working capital and advancing exploration planning and permitting at the company’s flagship Mohave Project in Arizona, including the historic Rosebud Mine.

Participation from certain company insiders is anticipated and will be treated as a related party transaction under Multilateral Instrument 61-101. The company intends to rely on exemptions from valuation and minority shareholder approval requirements based on the size of insider participation relative to market capitalization.

In addition, Kingman confirmed it has received TSX Venture Exchange approval to extend its Annual General Meeting deadline to October 21, 2025. This adjustment gives the company more time to finalize preparations, set a shareholder record date, and distribute meeting materials in compliance with regulatory timelines.

All securities issued under the offering will be subject to a four-month and one-day statutory hold period, as required by Canadian securities laws.