Kingman Minerals Ltd. announced a private placement to issue 13,845,000 units at a price of 0.05 per unit for gross proceeds of CAD 692,250 on December 21, 2021. Each unit consists of one common share and one transferable share purchase warrant exercisable at a price of 0.075 till December 21, 2025. All shares and warrants issued pursuant to this financing will be subject to a statutory hold period of four months plus one day from the date of closing. No insiders or pro-group members participated in this placement. A finder's fee of 10% cash and 5% broker warrants will be payable to Canaccord Genuity Corp.