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VANCOUVER, BC, March 24, 2026 /CNW/ - Nevada King Gold Corp. (TSX-V: NKG; OTCQB: NKGFF) ("Nevada King" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of common shares of the Company ("Common Shares"), which is fully subscribed, for total gross proceeds of approximately C$16 million (the "Financing"). In connection with the Financing, the Company has entered into a subscription agreement with Centerra Gold Inc. ("Centerra") pursuant to which Centerra will acquire 9.9% of the issued and outstanding Common Shares at a price of C$0.21 per Common Share (the "Issue Price"), matching the 20-day VWAP of the Common Shares on the TSX Venture Exchange, for anticipated gross proceeds of approximately C$10 million (the "Strategic Investment"). Both the Chairman of Nevada King, Collin Kettell, and the largest shareholder, Michael Parker, intend to participate in the Financing to maintain their pro-rata ownership positions in the Common Shares, for anticipated gross proceeds of approximately C$6 million.
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