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VANCOUVER, BC, April 10, 2026 /CNW/ - Nevada King Gold Corp. (TSX-V: NKG) (OTCQB: NKGFF) ("Nevada King" or the "Company") is pleased to announce that it has completed its previously announced non-brokered private placement of common shares of the Company (the "Common Shares"), pursuant to which the Company has issued an aggregate of 77,739,774 Common Shares at a price of C$0.21 per Common Share, for aggregate gross proceeds of approximately C$16.3 million (the "Financing"). Centerra Gold Inc. ("Centerra") acquired 49,681,622 Common Shares, representing 9.9% of the issued and outstanding Common Shares following completion of the Financing, for gross proceeds of approximately C$10.4 million (the "Strategic Investment"). Both the Chairman of Nevada King, Collin Kettell, and the largest shareholder, Michael Parker, also participated in the Financing to maintain their approximate pro-rata ownership positions in the issued and outstanding Common Shares, for aggregate gross proceeds of approximately C$5.9 million.
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