Kingsmen Resources Adjusts Warrant Exercise Price in Private Placement
Kingsmen Resources has received conditional approval from the TSX Venture Exchange for its private placement. The company has decided to increase the exercise price of warrants associated with the financing.
Kingsmen Resources Ltd. has announced an adjustment to its private placement, specifically concerning the exercise price of its warrants. The company has secured conditional approval for the private placement from the TSX Venture Exchange. Following this approval, Kingsmen Resources has opted to raise the exercise price of the warrants.
The revised exercise price has been set at $1.05 per share. This change will be implemented before the financing is finalized. Additionally, the company disclosed its sponsorship of the website Resource Stock Digest, involving a quarterly fee of $10,000 USD.
Kingsmen Resources is a mineral exploration company focused on advancing its wholly-owned Las Coloradas Project in the Parral mining district of Mexico. This project hosts the historic high-grade silver mine, Las Coloradas. The area is considered prospective for further precious metal deposits, situated on geological belts that host numerous other significant deposits.
The company also holds a 1% net smelter return (NSR) on the Los Ricos North project, operated by GoGold Resources in Mexico. Kingsmen Resources is a publicly traded company headquartered in Vancouver, British Columbia.