Vancouver, B.C. – March 18, 2021 – Kingfisher Metals Corp. (TSX-V: KFR) (“KFR” or the “Company”) is pleased to announce that the Company has commenced trading on the TSX Venture Exchange (“TSX-V”) under the symbol “KFR”.
This listing follows the closing of the Company’s qualifying transaction with Seashore Resource Partners Corp. The concurrent private placement of C$6.03 million provides the Company with a strong balance sheet to advance its exploration efforts for the foreseeable future.
Dustin Perry, CEO of KFR said, “We are very pleased to close the qualifying transaction with Seashore and the concurrent private placement. Kingfisher is well positioned strategically to pursue high-grade gold, copper, silver, and zinc opportunities in our three fully owned district-scale properties that are situated in British Columbia. I would personally like to thank everyone involved who helped us get to where we are today, and I am excited for what lies ahead for the Company in our pursuit to deliver value to our shareholders.”
Additionally, the Company is pleased to report that disinterested shareholders of the Company voted via written consent in favour of implementing the certain changes needed to transition to the TSX-V’s Policy 2.4 – Capital Pool Companies effective as of January 1, 2021 (“Policy 2.4”), being:
(i) removing the consequences associated with the Company not completing a Qualifying Transaction within 24 months of its listing date; and
(ii) authorizing the Company to make certain amendments to the Company’s escrow agreement in order to allow the Company’s escrowed securities to be subject to an 18-month escrow release schedule rather than the current 36-month escrow release schedule in the former Policy 2.4.
These changes were approved by the TSX-V on March 9, 2021 and a copy of the amended and restated escrow agreement will be filed under the Company’s profile on SEDAR.
Please refer to the Company’s news release dated January 14, 2021 for further details with respect to the amendments associated with the new Policy 2.4.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia. Kingfisher has three 100% owned district-scale projects that offer potential exposure to high-grade gold, copper, silver, and zinc. The Company currently has 68,535,801 shares outstanding.
For further information, please contact:
Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX- V) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer and Forward-Looking Information
Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of KFR. In making the forward-looking statements, KFR has applied certain assumptions that are based on information available, including KFR’s strategic plan for the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. KFR does not undertake to update any forward-looking information, except in accordance with applicable securities laws.