King Global Ventures Closes First Tranche of Private Placement
Toronto, Ontario — February 10, 2026 — Leads & Copy —
King Global Ventures Inc. (CSE:KING) (OTC: KGLDF) (FSE: 5LM1) has closed the first tranche of its non-brokered private placement, issuing 4,401,142 units at $0.60 per unit for a total of $2,640,686.80.
The company announced that $87,499.80 of the total represented a non arms-length debt settlement of debt incurred for director’s fees.
Each unit comprises one common share and one two-year common share purchase warrant. Each warrant allows the holder to purchase one additional common share at $0.90 per share for two years following the offering’s closing date.
Securities issued are subject to a four-month and one-day hold period, following Canadian Securities Exchange policies and securities legislation.
The issuance of 2,648,332 units to certain company insiders is a “related party transaction” as defined in Multilateral Instrument 61-101 (“MI 61-101”). The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements under Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the units does not exceed 25 percent of the company’s market capitalization.
King Global Ventures intends to use the net proceeds from the private placement to continue exploration and drilling on its Silver Cord and Black Canyon Projects.
The private placement is subject to necessary approvals, including from the Canadian Securities Exchange.
King Global Ventures is focused on exploring precious and base metals in North America. The Black Canyon Project in Yavapai County, Arizona, includes 213 contiguous concessions covering 3,800 acres and 15 former operating mines, including the Howard Copper Mine.
The Black Canyon Project targets copper-gold-silver-zinc Volcanogenic Massive Sulphide (“VMS”) mineralization and is located 100 km (64 miles) north of Phoenix, Arizona. The region has a history of exploration, discovery, and mining operations, including base metals from mines like Bagdad, Jerome, and Cleopatra. The property is on trend and approximately 8 km (12 miles) N.W. of Arizona Metals and 100 km (60 miles) south of the historic Jerome Copper mine.
The Howard Copper Mine Property, on 78 acres of patented land about 100 km (64 miles) north of Phoenix, AZ, saw small-scale production of high-grade copper after its discovery in the early 1920s. An estimated 100,000 tonnes of copper grading between 3-5% was mined until 1942 when it was closed due to the inability to secure fuel rations during WW2. Historical reports state that the main shaft reached the 900-foot level, but no ore was mined below the 500-foot level.
The Mikwam Gold Property, in Noseworthy Township within the Abitibi Greenstone Belt of northeastern Ontario, lies along the Casa Berardi Deformation Zone that hosts Detour Gold’s Burntbush Property. The Mikwam deposit is hosted within Timiskaming-aged polymictic conglomerate and greywacke units and contains disseminated and vein-hosted gold mineralization associated with quartz-carbonate veins and pyrite mineralization.
A NI 43-101 technical report dated December 8, 2016, disclosed a historical inferred mineral resource of 1,810,000 tonnes grading 2.34 g/t gold, containing 136,000 ounces of gold at a cut-off grade of 1.00 g/t Au. This estimate is historical in nature, was not prepared for King Global Ventures Inc., and should not be considered current.
Additional information about King Global Ventures is available at www.kingglobal.gold or at www.sedarplus.ca.
The technical contents of this news release were approved by Andrew Lee Smith, Bsc., P.Geo, ICD.D, a qualified person.
Source: King Global Ventures
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