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VANCOUVER, BC / ACCESSWIRE / March 26, 2024 / Kingfisher Metals Corp. (TSXV:KFR)(FSE:970)(OTCQB:KGFMF) ("Kingfisher" or the "Company") announces that further to its previous release on March 18, 2024, to complete a non-brokered private placement (the "Offering") for gross proceeds of up to $2 million that the Company intends to complete a consolidation of its common shares on the basis of one (1) post-consolidation Common Share for each five (5) pre-consolidation Common Shares (the "Consolidation").

The Offering

The Offering will consist of a non-brokered private placement of flow-through units (the "FT Units") at a post-Consolidation price of $0.225 per FT Unit ($0.045 per FT Unit on a pre-Consolidation basis) and units (the "Units") at a post-Consolidation price of $0.175 per Unit ($0.035 per Unit on a pre-Consolidation basis) for aggregate gross proceeds of up to $2.0 million.

Each FT 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. see & read more on
https://www.accesswire.com/846690/kingfisher-provides-update-on-private-placement