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King Global Ventures ( (TSE:KING) ) has provided an announcement.
King Global Ventures announced a $1,000,000 convertible loan from its Chairman, Ben Hudye, to support its maiden drill program at the Howard Copper Mine. This loan, due by the end of 2025, will provide essential working capital and is convertible into shares and warrants, pending approval from the Canadian Securities Exchange. This transaction, categorized as a related party transaction, highlights the Chairman’s continued support and is expected to bolster the company’s exploration efforts, potentially enhancing its market position in the mining industry.
More about King Global Ventures
King Global Ventures is engaged in the exploration of precious and base metals in North America, with a focus on the Black Canyon Project in Arizona and the York Property in Quebec. The Black Canyon Project targets copper-gold-silver-zinc Volcanogenic Massive Sulphide mineralization, while the York Property is strategically positioned between significant mining operations in Quebec.
YTD Price Performance: 93.33%
Average Trading Volume: 24,008
Technical Sentiment Signal: Hold
Current Market Cap: C$15.51M
See more data about KING stock on TipRanks’ Stock Analysis page.