Kingman Minerals Ltd. announced a private placement of 30,000,000 units at a price of CAD 0.07 per unit for gross proceeds of CAD 2,100,000 on November 4, 2021. Each unit will consists one common share and one transferrable share purchase warrant. Each warrant will be exercisable at a price of CAD 0.09 for a period of one year from the date of issuance. Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance. The company has submitted price reservation form to the TSX Venture Exchange on October 20, 2021.