King's Bay Resources Corp. announced a non-brokered private placement for up to 10,000,000 units at an issue price of CAD 0.10 per unit for gross proceeds of up to CAD 1,000,000 on March 9, 2023. Each unit will consist of one common share and one share purchase warrant.

Each warrant will entitle the holder to purchase one additional common share of the company at a price of CAD 0.15 per share. Finders' fees may be payable in whole or in part on the offering, pursuant to the policies of the TSX Venture Exchange. All securities issued under the offering will be subject to regulatory hold periods expiring four months from the date of issue.

The transaction is subject to approval from the TSX Venture Exchange.