Toronto, Ontario – May 16, 2022 – King Global Ventures Inc. (TSXV: KING) (OTC: KGLDF) (FSE: 5LM1) (the “Company”) provides update:
The TSX Venture Exchange has consented to the extension in the expiry date and to the increase in the exercise price of the following warrants.
Number of warrants: 40 million
Original expiry date of warrants: May 19, 2022
New expiry date of warrants: May 19, 2024
Original exercise price of warrants: five cents
New exercise price of warrants: 7.5 cents from May 20, 2022, to May 19, 2023; 8.5 cents from May 20, 2023, to May 19, 2024
These warrants were issued pursuant to a private placement of 40 million units with 40 million share purchase warrants attached, which was accepted for filing by the exchange effective May 25, 2020.
About King Global Ventures
King Global Ventures Inc. (TSX-V: KING) holds 100% interest in four highly prospective and previously explored gold exploration projects in the Gander Gold Belt Region of Newfoundland, Canada. King is supported by strategic investor Eric Sprott who is a significant shareholder of the Company.
On behalf of King Global Ventures
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including but not limited to, the uncertainty of the financing, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals. Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove imprecise and undue reliance should not be placed on forward-looking statements. Forward-looking statements in this press release are expressly qualified by this cautionary statement.
The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law.