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As of 1:31 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

king's bay gold corp (KBG) Snapshot

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king's bay gold corp (KBG) Details

King's Bay Gold Corporation, a mineral resource company, engages in the acquisition and exploration of mineral resource properties in Ontario, Canada. It primarily explores for gold, nickel, copper, and diamond ores. The company’s property portfolio includes the Brooks Lake Property that includes 4 claims covering an area of approximately 560 hectares; the Cameron Lake Property, which consists of 20 leased claim units covering an area of approximately 324 hectares; and the Halkirk–Watten Diamond Project that comprises 6 claims for approximately 1,184 hectares located in northwest Ontario. It also owns interest in the Menary Gold Project, which consists of 18 claims covering an area of approximately 1,728 hectares; and the Darkwater Gold Mine that include 5 claims covering an area of approximately 1,152 hectares situated in northwest Ontario, as well as the Gold Hill – Blackjack Property comprising 5 mining claims covering an area of approximately 826 hectares located in Ontario. King's Bay Gold Corporation was incorporated in 1998 and is based in Winnipeg, Canada.

Founded in 1998

king's bay gold corp (KBG) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$196.0K
Compensation as of Fiscal Year 2013.

king's bay gold corp (KBG) Key Developments

King's Bay Gold Corp. Announces the Resignation of Ray Préfontaine as a Director

King's Bay Gold Corp. announced that it has accepted the resignation of Mr. Ray Préfontaine as a Director, a position that he has held since June 26, 2013.

King's Bay Gold Corporation Announces Management Changes

King's Bay Gold Corporation announced appointment of Mr. Art Stacey to its Board of Directors and as the company's Corporate Secretary. Mr. Art Stacey is a partner in the Winnipeg law firm of Thompson Dorfman Sweatman LLP. Mr. Peter Brooks, a Director, has agreed to formalize his leadership role by becoming the company’s President & Chief Executive Officer, a position that has been vacant since June 2013. Mr. Brooks has over fifteen years of operational experience in the mining industry. He is the founder and President of Brooks Tools Limited. The company also announced that it has accepted the resignation of Mr. Kyle Picard as both a Director and as the company's Corporate Secretary, positions that he has held since December 2010. Mr. Picard also served as the company's interim President & CEO from June 2011 to January 2013. Finally, the company is announcing that it has accepted the resignation of Mr. Ray Préfontaine as the company's Chief Financial Officer and this to be effective as at the close of business on July 31, 2014. Mr. Préfontaine will be pursuing other business and employment opportunities that require that he disengage himself from the day-to-day management of King's Bay Gold. However, to assist the company with these management changes, and to provide for a continuity of knowledge and experience, he has agreed to continue on as a Director, a position that he has held since December 2010.

King's Bay Gold Corp. Receives 3 year Exploration Permit from the Ontario Ministry of Northern Development & Mine for the Furtherance of Early Stage Exploration at the Menary Gold Project

King's Bay Gold Corp. announced that it has received a 3 year Exploration Permit from the Ontario Ministry of Northern Development & Mines for the furtherance of early stage exploration at the Menary Gold Project. Exploration Permit, PR-14-10490, is effective from March 14th, 2014 and was issued to the company pursuant to subsection 78.3(2) of the Mining Act, R.S.O. 1990, Chapter M.14. This permit is subject to the requirements of the Mining Act, Ontario Regulation 308/12 and the applicable Provincial Standards for Early Exploration. No additional Terms and Conditions specific to the exploration of the Menary Gold Project were identified nor imposed on the company by the Ontario Ministry of Northern Development & Mines. Menary Gold Project is located in the Townships of Menary, Claxton, McClarty and Senn in the Kenora Mining Division of northwest Ontario. The claim units are located approximately 20 kilometres southeast of the Town of Nestor Falls, Ontario and can be accessed along Road 404, east of Highway 71 which runs between Kenora and Fort Frances, Ontario. The project is located roughly fifteen kilometers northeast of New Gold Inc.'s the Rainy River Gold Deposit mine project and Bayfield Ventures Corp.'s Burns Block discovery. The overall Menary Gold Project now consists of 18 claims for approximately 2,238 hectares in a single contiguous land package. The project is not only road accessible, but is also close to labour, supplies and current power infrastructure.


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