King Global Ventures Inc. has announced non-brokered private placement of up to 4,000,000 units at a price of CAD 0.125 per unit for a gross proceeds of CAD 500,000 on August 15, 2023. The transaction included the participation from insiders to subscribe up to 5% of the offering. Each unit consists of one common share and one 2-year share purchase warrant.

Each warrant shall be exercisable at CAD 0.30 in first year and CAD 0.60 in 2nd year, subject to acceleration. The warrants shall be subject to the, directors? ability to accelerate the exercise price to CAD 0.60, in the event that the shares of the company trade at CAD 0.50 or higher for 10 consecutive trading days.

All securities will subject to a statutory hold period of four months plus one day from their date of issuance.