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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (134467)	3/13/2023 5:49:19 PM
From: Goose94	Read Replies (2) \| Respond to of 202700

Kingsmen Resources (KNG-V) Non-Brokered Financing and Share Consolidation 2:1 March 9, '23 - NR Kingsmen Resources Ltd. has closed a non-brokered private placement raising $800,025. The proceeds will be used for general working capital of the company. The financing consisted of 10,667,000 common shares, at a price of 7.5 cents per share, on a preconsolidated basis, subject to regulatory approval. There are no warrants and no finders' fees contemplated with the financing. No insiders participated in the financing. In addition, the company wishes to proceed with a stock consolidation of one new common share for every two old common shares, subject to regulatory approval. The company currently has 28,032,825 common shares issued and outstanding. Postconsolidation, the company will have approximately 14,016,412 common shares issued or approximately 19,349,745 common shares issued on closing of the proposed financing. The company will not change its corporate name and the stock symbols will remain KNG and KNGRF. The company will focus on its Las Coloradas project and expanding its presence in Mexico. About Kingsmen Resources Ltd. and the Las Coloradas historic mine district Kingsmen Resources is a Canadian exploration company whose management has more than 30 years of experience in the discovery and financing of precious metals projects in Mexico, Canada, the United States and Latin America. Kingsmen's 100-per-cent-owned Las Coloradas brownfield project is located within the northeast portion of the Central Mexican silver belt, in the southeastern corner of the Parral mining district, approximately 40 kilometres east of the San Francisco de Oro and Santa Barbera mining districts. New, major mining projects are currently being explored in the district; Cordero (Discovery Silver Corp.), 35 kilometres north of Parral, and La Cigarra (Kootenay Silver Inc.), 35 km northwest of Parral. The historically exploited Las Coloradas mineralization is classic silver-zinc-lead-gold hosted in high-grade epithermal veins similar to those of the Parral district. In addition the company holds a 1-per-cent net smelter returns royalty on the La Trini project which forms part of the Los Ricos North project operated by GoGold Resources. Signed: “Scott Emerson” President & CEO Phone: 6046859316 Email: se@kingsmenresources.com