Kingsmen Resources Raises $1.5 Million Via Private Placement

Kingsmen Resources Ltd. announced on April 15, 2025, that it has arranged a non-brokered private placement financing of up to 2.1 million units at $0.72 per unit, aiming to raise a maximum of $1.51 million. Each unit will consist of one common share and one-half of a common share purchase warrant.

The proceeds from this financing are intended to further advance the company's Las Coloradas silver/gold project in Mexico, with remaining funds allocated to working capital. All securities issued are subject to a four-month hold period and regulatory approvals, including from the TSX Venture Exchange.

Kingsmen Resources is a mineral exploration company focused on its wholly-owned Las Coloradas Project in the Parral mining district of Mexico. The project area includes the historic Las Coloradas high-grade silver mine and is considered prospective for additional precious metal deposits. The company's management possesses extensive experience in the mining and financial sectors.

Kingsmen Resources trades on the TSX Venture Exchange under the symbol KNG and on OTCQB under the symbol KNGRF. The company is headquartered in Vancouver, British Columbia.