Jul. 21 at 11:31 AM
$B Barrick Mining announces investment in Kingfisher Metals
Co announces that it has agreed to subscribe for 15,470,934 units of Kingfisher Metals in a non-brokered private placement at a price of C
$1.35 per Unit, for total consideration of approximately C
$20,885,761.
Each Unit is comprised of one common share and one-half of a common share purchase warrant, where each whole warrant will entitle the holder for a period of two years to acquire one Kingfisher common share at a price of C
$1.70 per common share.
Barrick does not currently own any Kingfisher Shares. Following closing of the Private Placement, and as a result of its acquisition of Units, Barrick will hold approximately 9.9% of the outstanding Kingfisher
Shares on a non-diluted basis and 14.1% of the outstanding Kingfisher Shares on a partially-diluted basis, assuming the exercise of all warrants held by Barrick.
https://www.barrick.com/English/news/news-details/2026/barrick-announces-investment-in-kingfisher-metals/default.aspx
