(TheNewswire)
Toronto , ON - TheNewswire – February 1 , 202 1 , King Global Ventures, Inc. (TSXV:KING ) US (OTC :MDLXF ) ( Frankfurt:5LM1), has approvedthe amendment of certaincommon share purchase warrants, that were issued in connection with the acquisition of the York Gold Property comprised of a 77 claim block on the Elmer Trend between Azimut’s Elmer Property (andtheir recent Patwon Prospect discovery) and the Eleonor e Gold Mine , byextending the expiry date one additional year.
The warrants affected are 1.25 million share purchasewarrants issued on February 14, 2020, with an expiry date of February14, 2021, and exercisable at seven cents in thefirst six months and $0.10 in the second six month period. The new expiry date will be February 14, 2022, and theexercise price shall remain at $0.10 . The company will not be sending out new warrant certificates unlessrequested by the holder. The warrantammendment remains subject to the approval ofthe TSX Venture Exchange.
About King Global VenturesInc.
King ’ s,Nicaragua Gold/Copper Project is joint-ventured with TSX listedCalibre Mining Corp. (TSX-CXB) and with Century Mining Limited, aprivate Nicaraguan company, to advance the development of the SantaRita Project. King recently acquired the York Gold Property comprisedof a 77 claim block on the Elmer Trend betweenAzimut’s Elmer Property (and their recent Patwon Prospect discovery)and the Eleonor e GoldMine.
Contact
For further information, contact Mr. John Cook,President of King Global Ventures Inc. at: (416) 200-8073 and johncook@kos.net
Cautionary and Forward-LookingStatements
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Certain information in this news release may containforward-looking statements that involve substantial known and unknownrisks and uncertainties. These forward-looking statements are subjectto numerous risks and uncertainties, certain of which are beyond thecontrol of the Company, including but not limited to, the uncertaintyof the financing, the impact of general economic conditions, industryconditions, dependence upon regulatory approvals. Readers arecautioned that the assumptions used in preparing such information,although considered reasonable at the time of preparation, may proveimprecise and undue reliance should not be placed on forward-lookingstatements. Forward-looking statements in this press release areexpressly qualified by this cautionary statement.
The forward-looking statements in this press releaseare made as of the date of this press release, and the Companyundertakes no obligations to update publicly or to revise any of theincluded forward-looking statements, whether because of newinformation, future events or otherwise, except as expressly requiredby applicable securities law.
Copyright (c) 2021 TheNewswire - All rights reserved.