King Global Ventures Inc (TSE:KING) has released an update.
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King Global Ventures Inc. has entered into a definitive option agreement to potentially acquire a 65% interest in the Silver Cord Project in Arizona, which is a promising exploration opportunity for copper-gold-silver-zinc. The company is planning to invest $4 million to develop the project, which is on trend with significant mining operations in the region. To fund this venture, King Global Ventures aims to raise a minimum of $1 million through the issuance of units, subject to regulatory approval.
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