Kingfisher Announces Closing of C$30 Million Bought Deal Offering

Kingfisher Metals Corp. has successfully completed a significant C$30 million bought deal financing, demonstrating strong institutional support for its copper-gold exploration activities in British Columbia's Golden Triangle. The offering was led by BMO Nesbitt Burns as lead underwriter and sole bookrunner, with participation from a syndicate including AgentisCapital Markets, Haywood Securities, Raymond James, and Velocity Trade Capital.

The financing structure reflects the company's strategic focus on tax-efficient exploration funding, with the offering consisting of 5.3 million non-critical charity flow-through shares at C$0.94 each, 14.5 million critical charity flow-through shares at C$1.04 each, and 15.3 million hard dollar shares at C$0.65 each. The flow-through shares will enable the company to incur qualifying Canadian exploration expenses and flow-through critical mineral mining expenditures through December 31, 2027, while the hard dollar proceeds will support broader exploration activities and general corporate purposes.

This financing significantly strengthens Kingfisher's financial position to advance its substantial land package in the Golden Triangle, which includes the 933 km² HWY 37 Project and 202 km² Forrest Kerr Project, along with two district-scale orogenic gold projects totaling 641 km². The successful completion at this scale underscores institutional confidence in the company's copper-gold exploration strategy in one of Canada's most prospective mining regions.

The timing of this financing positions Kingfisher well to capitalize on sustained interest in copper and gold exploration, particularly in established mining jurisdictions like British Columbia. With the proceeds dedicated to qualifying exploration expenditures over the next two years, the company is well-funded to advance its exploration programs and potentially deliver significant value-creating discoveries across its extensive property portfolio.