VANCOUVER, British Columbia, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Kingfisher Metals Corp. (TSXV:KFR) (FSE: 970) (OTCQB:KGFMF) ("Kingfisher" or the "Company") has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, as sole bookrunner, under which the underwriters have agreed to purchase, on a bought deal basis, 5,300,000 non-critical charity flow-through common shares (the "Non-Critical Charity Flow-Through Shares"), at a price of C$0.94 per Non-Critical Charity Flow-Through Share, 9,700,000 critical charity flow-through common shares (the "Critical Charity Flow-Through Shares"), at a price of C$1.04 per Critical Charity Flow-Through Shares, and 7,600,000 hard dollar common shares (the "HD Shares"), at a price of C$0.65 per HD Share (collectively, the "Offered Securities"), for total gross proceeds of approximately C$20 million (the "Offering"). The Company has granted the Underwriters an option, exercisable at any time up to 48 hours prior to the closing of the Offering, to purchase up to an additional 25% of the Offering (approximately C$5 million).
The Offering is expected to close on or about March 3, 2026 and is subject to Kingfisher receiving all customary regulatory approvals.
The gross proceeds raised from the Non-Critical Charity Flow-Through Shares and Critical Charity Flow-Through Shares will be used to incur Qualifying Expenditures (defined below) as set forth below under Charity Flow-Through Income Tax Considerations. The net proceeds of the sale of the HD Shares will be used for exploration of the Company's properties and general corporate purposes.
The Company shall use the gross proceeds raised from the Non-Critical Charity Flow-Through Shares and the Critical Charity Flow-Through Shares to incur, after the ...
