Kingfisher Metals Closes $10.9M Brokered Private Placement

Kingfisher Metals Corp. has successfully closed a brokered private placement, raising $10.9 million. The placement, conducted by Beacon Securities Limited, included 8,237,500 non-flow-through units priced at $0.25 and 21,302,500 flow-through units priced at $0.415. Each unit comprises one common share and half a share purchase warrant. Warrants allow the purchase of a share at $0.40 until June 3, 2028, with possible accelerated expiry under certain conditions.

The proceeds from flow-through units will fund Canadian exploration expenses at Kingfisher's HWY 37 project in British Columbia. Non-flow-through proceeds will support exploration and working capital. The offering awaits final TSXV approval, and securities are subject to a four-month hold under Canadian laws.