Kingfisher Metals Corp. announced a non-brokered private placement of units at a price of CAD 0.035 per unit and flow through unit at a price of CAD 0.045 for the gross proceeds of CAD 2,000,000 on March 18, 2024. Each flow-through unit will consist of one flow-through common share and one half of one transferable non-flow through common share purchase warrant.

Each Unit will consist of one common share and one-half of one transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one additional common share of the Company for 24 months from the closing date of the Offering at an exercise price of CAD 0.06. The Offering is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange.

The FT Units and the Units will be subject to a hold period of four months and one day from the closing date of the Offering in accordance with applicable securities laws. In connection with the Offering, certain arm's-length parties may receive a cash finder's fee payment and/or warrants to purchase common shares.