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King Global Ventures ( (TSE:KING) ) has shared an announcement.
King Global Ventures Inc. has announced a non-brokered private placement to raise up to $4 million by issuing units consisting of common shares and warrants. The proceeds will support exploration and drilling on their Silver Cord and Black Canyon Projects. Additionally, the company has granted options and RSUs to consultants as part of its compensation plans. This financing and strategic personnel incentives aim to bolster King Global’s exploration activities and strengthen its position in the mining sector.
More about King Global Ventures
King Global Ventures is focused on the exploration of precious and base metals in North America. The Black Canyon Project in Yavapai County, Arizona, covers 4,000 acres and includes 15 former operating mines, targeting copper-gold-silver-zinc Volcanogenic Massive Sulphide (VMS) mineralization. The region has a notable history of exploration and mining operations.
Average Trading Volume: 17,181
Technical Sentiment Signal: Sell
Current Market Cap: C$28.11M
For a thorough assessment of KING stock, go to TipRanks’ Stock Analysis page.