Announcement • 5h
Kingfisher Metals Corp. announced that it expects to receive CAD 20.885761 million in funding from Barrick Mining Corporation Kingfisher Metals Corp. has announced a non-brokered private placement to issue 15,470,934 units at an issue price of CAD 1.35 per Unit for gross proceeds of CAD 20,885,760.9 on July 21, 2026. Each Unit is comprised of one common share and one-half of a common share purchase warrant, where each whole warrant will entitle the holder for a period of two years to acquire one Kingfisher common share at a price of CAD 1.70 per common share. The transaction includes new investor participation from Barrick Mining Corporation. Barrick does not currently own any Kingfisher Shares. Following closing of the Private Placement, and as a result of its acquisition of Units, Barrick will hold approximately 9.9% of the outstanding Kingfisher Shares on a non-diluted basis and 14.1% of the outstanding Kingfisher Shares on a partially-diluted basis, assuming the exercise of all warrants held by Barrick. Barrick has also agreed to an 18-month lockup in respect of Kingfisher Shares issued to it. The Closing of the placement is expected to occur on or before July 27, 2026, subject to customary closing conditions, including receipt of all necessary approvals, including the approval of the TSX Venture Exchange. All securities issued in connection with the placement will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. New Risk • Jul 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$141.7m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$141.7m market cap, or US$99.9m). New Risk • Apr 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (126% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$104.3m market cap, or US$76.1m). 
