Kingfisher Announces Upsize of Brokered Private Placement to $10.6 Million
Kingfisher Metals Corp. (TSXV: KFR) (FSE: 970) (“Kingfisher“ or the “Company“) is pleased to announce an upsize to its previously announced “best efforts” private placement. Under the amended terms, the Company will issue up to 7,000,000 of non-flow-through units (the “NFT Units“) at a price of $0.25 per NFT Unit (the “NFT Issue Price“) and up to 21,302,500 flow-through units (the “Premium FT Units” and, together with the NFT Units, the “Offered Securities”) at a price of $0.415 per Premium FT Unit (the “Premium FT Issue Price”) for aggregate gross proceeds of up to $10,590,538 (collectively, the “Offering”). Beacon Securities Limited (the “Agent”) is acting as sole agent in connection with the Offering. Each NFT Unit will