Kings Bay Gold announces that it has closed a private placement of 153,834,320 shares at a price of $0.005 per share for proceeds of $771,671.60. The shares issued pursuant to the private placement are subject to a statutory hold period expiring four months and one day after August 27, 2016. Insiders of the Company subscribed for an aggregate of 15,500,500 shares under the private placement, which is a “related party
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