Kingman Minerals Ltd. Closes Upsized $1.5 Million Non-Brokered Financing, Announces AGM Results and Corporate Update

Financing - Kingman Minerals Ltd. has successfully closed an upsized non-brokered private placement, raising gross proceeds of $1,500,000 through the issuance of 21,428,500 units at a price of $0.07 per unit [2][4] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of an additional common share at a price of $0.09 for 24 months [2] - The company will pay finder's fees totaling $82,558.20 and issue 470,910 non-transferable finder's warrants in connection with certain subscriptions under the offering [3] Use of Proceeds - The net proceeds from the offering will be allocated to finance exploration and development activities at the Mohave project, including diamond drilling, geophysics, geochemical sampling, and permitting, as well as for general working capital [4] Corporate Governance - The Annual General Meeting of Shareholders was held on October 21, 2025, with 3,929,028 shares (18.4% of issued and outstanding) represented, constituting quorum [6] - Resolutions passed included setting the number of directors at five, re-electing existing directors, re-appointing auditors, and approving the Company's 10% Rolling Stock Option Plan [9]