King Global Ventures Inc. (TSXV:KING) signed a Letter of Intent to acquire a 50% stake in Las Misiones Project in Baja California Sur from Sierra Alpha Mining S.A. de C.V. for on October 16, 2023. Under the terms of the LOI, SAM has six mining claims covering approximately 15,067 ha in the state of Baja California Sur. The terms of the LOI are for a cash payment of CAD 50,000 and the issuance of 2,000,000 units of the Company along with a 3% Net Smelter Royalty payable for all metals mined.

Each unit will be comprised of one common share and one warrant exercisable at CAD 1.00/share for thirty-six months.