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Vancouver, British Columbia--(Newsfile Corp. - April 15, 2025) - KINGSMEN RESOURCES LTD. (TSXV: KNG), (OTCQB: KNGRF) ( FSE: TUY) ("KINGSMEN" or the "COMPANY") announces that further to a price reservation filed on March 17, 2025 the Company has arranged a non-brokered private placement financing (the "Financing") of up to 2,100,000 units (each a "Unit"), at a price of $0.72 per Unit, to raise up to $1,512,000. Each Unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant (a "Warrant") will entitle the holder to purchase an additional common share at a price of $0.89 for a period of two years from closing. Finder's fees may be payable and net proceeds will be used to further advance its Las Coloradas Silver/Gold project in Mexico and for working capital.
All securities issued in the Financing are subject to a four-month hold period and to all necessary regulatory approvals, including acceptance of the TSX Venture Exchange.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements.
About Kingsmen Resources
Kingsmen Resources is a mineral exploration company focused on advancing its 100% held Las Coloradas Project located in the prolific mining district of Parral Mexico. The project hosts the historic past producing high-grade silver mine, Las Coloradas. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on -trend, high- grade deposits. In addition, the company has a 1% NSR on the Los Ricos North project operated by GoGold Resources Inc.in Mexico. The Company's leaders have extensive experience in the mining and financial sectors. Kingsmen is a publicly-traded company (TSXV: KNG) (OTCQB: KNGRF) and is headquartered in Vancouver, British Columbia.