Kingfisher Metals Completes C$30 Million Bought Deal Offering

Kingfisher Metals Corp. has announced the successful closing of a bought deal private placement, securing gross proceeds of C$30,007,000. The syndicate of underwriters, led by BMO Nesbitt Burns Inc., handled the offering of shares which included non-critical and critical charity flow-through shares, as well as hard dollar common shares.

The proceeds from the flow-through shares will be allocated to Canadian exploration expenses. These expenses will occur before the end of 2027 and include flow-through mineral mining expenditures under Canadian tax law.

A company director participated in the offering, subscribing for 100,000 hard dollar shares. This transaction is considered a related-party transaction under applicable regulations but is exempt from certain formal requirements due to the offering's structure and size.

The issued shares will be subject to a hold period under Canadian securities laws and await final TSX Venture Exchange approval.