King's Bay Resources Corp. (TSXV:KBG.H) announced a non-brokered private placement of up to 12,000,000 post consolidated units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 600,000 on December 10, 2020. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional post consolidated common share at a price of CAD 0.05 per share for a period of 24 months from closing. All securities issued in connection with the transaction will be subject to a statutory hold period expiring four months and one day after closing of the transaction. The transaction is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange and the NEX Exchange.