Kingman Minerals Ltd. announced a private placement of 14,285,714 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 1 million on December 29, 2023. Each unit will be comprised of one common share in the capital of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share of the company at an exercise price of CAD 0.10 per common share, for a period of 5 years from the date of closing of the offering.

Closing of the Offering is subject to all applicable regulatory approvals, including the approval of the Exchange. All securities are subject to a hold period of four months and one day in accordance with applicable securities laws.