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King Global Ventures ( (TSE:KING) ) has issued an update.
King Global Ventures announced the successful closing of an oversubscribed $5.51 million financing through a non-brokered private placement of units. The proceeds will be used for an expanded drill program at the Silver Cord Project and general corporate purposes. The financing included significant participation from insiders, aligning their interests with public shareholders. This move is expected to bolster King Global’s operational capabilities and strategic initiatives in the exploration sector.
More about King Global Ventures
King Global Ventures is engaged in the exploration of precious and base metals in North America, with a focus on projects like the Black Canyon Project in Yavapai County, Arizona. This project targets copper-gold-silver-zinc Volcanogenic Massive Sulphide (VMS) mineralization and includes 213 contiguous concessions covering a total area of 3,742 acres, featuring 12 former operating mines.
YTD Price Performance: 93.33%
Average Trading Volume: 27,265
Technical Sentiment Signal: Hold
Current Market Cap: C$15.51M
For an in-depth examination of KING stock, go to TipRanks’ Stock Analysis page.