Toronto, Ontario – March 3, 2026 - TheNewswire – This news release is being disseminated as required by National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, in connection with the acquisition of ownership, control or direction over securities of  King Global Ventures  Inc.  (“King” or the “Corporation”)  (CSE: KING) (OTC: KGLDF) (FSE: 5LM1) by two investors, Ben Hudye, director and chairman of the Corporation, and Joseph Polish, director of the Corporation.

Ben Hudye

On March 2, 2026, Hudye Inc. (“HI”), a company owned and controlled by Ben Hudye, acquired ownership of 1,250,000 Units of the Corporation, at a price of $0.60 per Unit. The Units were purchased from the Corporation on a private placement basis. Each Unit is comprised of one common share and one non-transferable common share purchase warrant (“Warrant”). Each Warrant is exercisable to acquire one common share of the Corporation at an exercise price of $0.90 per share for a period of 2 years (collectively (the “Acquisition”).

 

Prior to the Acquisition, HI, the Ben and Greg Hudye Family Trust (the “Trust”) and Ben Hudye beneficially owned and controlled, directly and indirectly, 5,465,832 Common Shares, 5,465,832 share purchase warrants, 300,000 RSU’s and 100,000 Options representing 11.30% of the outstanding Common Shares on a non-diluted basis and 21.48% of the issued and outstanding Shares on a partially-diluted basis (assuming the conversion of all of the warrants into Common Shares and exercise of all the RSUs and Options).

 

After the Acquisition, HI, the Trust and Ben Hudye beneficially own and control, directly and indirectly, 6,715,832 Common Shares, 6,715,832 common share purchase warrants, 300,000 RSU’s and 100,000 Options representing 13.27% of the outstanding Common Shares on a non-diluted basis and 23.96% of the issued and outstanding Shares on a partially-diluted basis (assuming the conversion of all of the warrants into Common Shares and exercise of all the RSUs and Options).

Joseph Polish

1.        On January 15, 2025 Joseph Polish was granted 100,000 Stock Options under the Stock Option Plan of the Corporation (the “Option Grant”).  The Options are exercisable at a price of $0.35 and expire January 15, 2030.

2.        On April 30, 2025 the Breathe Trust, a company owned and controlled by Mr. Polish,  acquired 1,588,888 Units of the Corporation at a price of $0.45 per Unit (collectively with the March 2, 2026 acquisition, the “Acquisitions”).   The Units were purchased from the Corporation on a private placement basis. Each Unit is comprised of one common share and one non-transferable common share purchase warrant (“Warrant”). Each Warrant is exercisable to acquire one common share of the Corporation at an exercise price of $0.65 per share for a period of 2 years.  

 

3.        On July 1, 2025 Mr. Polish was granted 50,000 Restricted Share Units under the RSU/DSU Plan of the Corporation (the “RSU Grant”).  The RSU’s are exercisable at a price of $0.70 and expire on July 1, 2030.

4.        On July 1, 2025, Mr. Polish was granted 50,000 Stock Options under the Stock Option Plan of the Corporation (the “Option Grant”).  The Options are exercisable at a price of $0.70 and expire July 1, 2030.

5.        On March 2, 2026, the Breathe Trust acquired ownership of 303,333 Units of the Corporation at a price of $0.60 per Unit. The Units were purchased from the Corporation on a private placement basis. Each Unit is comprised of one common share and one non-transferable common share purchase warrant (“Warrant”). Each Warrant is exercisable to acquire one common share of the Corporation at an exercise price of $0.90 per share for a period of 2 years. The Trust is controlled by Joe Polish.

Prior to the Acquisitions, the RSU Grant and Option Grants, the Breathe Trust beneficially owned and controlled, directly and indirectly, 1,620,000 Common Shares and 1,620,000 share purchase warrants, representing approximately 7.73% of the outstanding Common Shares on a non-diluted basis and 15.48% of the issued and outstanding Shares on a partially-diluted basis (assuming the conversion of all of the warrants into Common Shares).

After the Acquisitions, Option Grants and RSU Grant, the Breath Trust and Mr. Polish beneficially own and control, directly and indirectly, 3,512,221 Common Shares, 3,512,221 share purchase warrants, 50,000 RSU’s and 150,000 Options representing 6.94% of the outstanding Common Shares on a non-diluted basis and 13.30% of the issued and outstanding Shares on a partially-diluted basis (assuming the conversion of all of the warrants into Common Shares and exercise of all the RSUs and Options).

The Common Share Units were acquired for investment purposes. Ben Hudye, including those entities which he controls,  and Joseph Polish, including those entities which he controls, have a long-term view of the investment and may acquire additional securities of the Corporation including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

 

An early warning report has been filed by Ben Hudye and Joseph Polish under applicable securities laws and will be available on the King SEDAR+ profile at www.sedarplus.ca. A copy of the early warning reports may also be obtained by contacting Robert Dzisiak at (204) 955-4803, rdzisiak@gmail.com  

 

About King Global Ventures

Additional information about King Ventures can be viewed at the Company's website at www.kingtsxv.com or at www.sedaplus.ca. 

  

On behalf of King Global Ventures       

Robert Dzisiak

Chief Executive Officer

204-955-4803

ir@kingcse.com

 

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

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