Kingfisher Metals Corp. Completes Upsized Private Placement

Kingfisher Metals Corp. has successfully closed its non-brokered private placement, raising a total of C$1,894,535. This upsized offering saw the issuance of 11,482,030 units at a price of C$0.165 per unit. Each unit is comprised of a common share and one-half of a non-transferable share purchase warrant, with a full warrant allowing for purchase at C$0.30 until 2027.

Insiders participated in the offering, including CEO Dustin Perry and Crescat Portfolio Management LLC. The transaction qualifies as a "related party transaction" under Multilateral Instrument 61-101, but the company is exempt from certain requirements due to its market capitalization.

Finder commissions were paid, totaling C$4,410 in cash and 26,726 finder warrants. Issuance of these securities will be under a hold period until mid-May 2025.