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  • King Global (KING) has completed a private placement for proceeds of $700,015
  • The company issued 10,000,213 units at $0.07 per unit
  • Proceeds of the placement will be used to fund resource expenditures on its Newfoundland Gold Exploration portfolio
  • King Global is a prospecting and natural-resource company with projects in the Gander Gold Belt Region of Newfoundland
  • King Global Ventures Inc. (KING) opened trading at C$0.065 per share

King Global (KING) has completed a private placement for proceeds of $700,015.

The company issued 10,000,213 units at $0.07 per unit. Each unit is comprised of one common share at $0.07 and one two-year warrant exercisable at $0.09.

King Global issued a finder’s fee of $8,000 and 114,286 warrants.

Proceeds of the placement will be used to fund resource expenditures on its Newfoundland Gold Exploration portfolio and to supplement general working capital.

All securities were issued with a hold period expiring February 28, 2022. The placement remains subject to regulatory approval.

King Global Ventures is a natural-resource company that holds a 100 per cent interest in four gold exploration projects in the Gander Gold Belt Region of Newfoundland.

King Global Ventures Inc. (KING) opened trading at C$0.065 per share.

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