King Global Ventures Inc. announced a private placement of 3,000,000 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 150,000 on April 20, 2022. Each unit comprises one common share and one three years warrant exercisable at CAD 0.075 per share. The company paid a finder's fee comprised of CAD 12,000 cash and 240,000 non-transferable warrants exercisable at CAD 0.075 per share expiring the day before the two-year anniversary of issuance for 12 months to an Ontario based Exempt Market Dealer Glores Securities Inc. All securities issued are subject to a 4 month plus one day hold period expiring August 21, 2022.

The transaction is subject to regulatory approval. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction involved participation from one placee.