Kenorland Completes Top-Up Right from Sumitomo and Centerra
Kenorland Minerals (OTCQX: KLDCF) has completed a private placement through the exercise of 'top-up rights' by Sumitomo Metal Mining Canada and Centerra Gold. The transaction involves the issuance of 51,805 common shares at $2.028 per share, totaling $105,060.54.
The shares are subject to a statutory hold period until January 16, 2026. This placement allows Sumitomo and Centerra to maintain their respective 10.1% and 9.9% ownership interests in Kenorland, as per their investor rights agreements from November 2021 and May 2024.
Kenorland Minerals (OTCQX: KLDCF) ha completato un placement privato mediante l’esercizio dei diritti di «top-up» da parte di Sumitomo Metal Mining Canada e Centerra Gold. L’operazione prevede l’emissione di 51.805 azioni ordinarie al prezzo di 2,028 USD per azione, per un totale di 105.060,54 USD.
Le azioni sono soggette a un periodo di blocco statutario fino al 16 gennaio 2026. Questo placement consente a Sumitomo e Centerra di mantenere le rispettive partecipazioni del 10,1% e 9,9% in Kenorland, secondo i loro accordi sui diritti degli investitori risalenti a novembre 2021 e maggio 2024.
Kenorland Minerals (OTCQX: KLDCF) ha completado una colocación privada mediante el ejercicio de los derechos de «top-up» por parte de Sumitomo Metal Mining Canada y Centerra Gold. La operación implica la emisión de 51.805 acciones ordinarias a $2,028 por acción, para un total de $105.060,54.
Las acciones están sujetas a un periodo de retención obligatorio hasta el 16 de enero de 2026. Esta colocación permite a Sumitomo y Centerra mantener sus respectivas participaciones del 10,1% y 9,9% en Kenorland, conforme a sus acuerdos de derechos de los inversionistas de noviembre de 2021 y mayo de 2024.
Kenorland Minerals (OTCQX: KLDCF)가 Sumitomo Metal Mining Canada 및 Centerra Gold의 추가 매입 권리 행사로 비공개 배정을 완료했습니다. 거래는 주당 2.028달러의 가격으로 51,805주의 보통주를 발행하고 총액은 105,060.54달러입니다.
주식은 2026년 1월 16일까지 법정 보유 기간의 적용을 받습니다. 이번 배정을 통해 Sumitomo와 Centerra는 2021년 11월과 2024년 5월의 투자자 권리 계약에 따라 각각 10.1%와 9.9%의 지분을 Kenorland에 유지할 수 있습니다.
Kenorland Minerals (OTCQX : KLDCF) a finalisé une placement privé par l’exercice des droits de « top-up » par Sumitomo Metal Mining Canada et Centerra Gold. L’opération prévoit l’émission de 51 805 actions ordinaires à 2,028 USD par action, soit un total de 105 060,54 USD.
Les actions font l’objet d’une période de blocage statutaire jusqu’au 16 janvier 2026. Ce placement permet à Sumitomo et Centerra de maintenir leurs participations respectives de 10,1% et 9,9% dans Kenorland, conformément à leurs accords sur les droits des investisseurs d novembre 2021 et mai 2024.
Kenorland Minerals (OTCQX: KLDCF) hat eine Privatplatzierung durch Ausübung der «Top-up-Rechte» von Sumitomo Metal Mining Canada und Centerra Gold abgeschlossen. Die Transaktion sieht die Emission von 51.805 Stammaktien zum Preis von 2,028 USD pro Aktie vor, insgesamt 105.060,54 USD.
Die Aktien unterliegen einer gesetzlich vorgeschriebenen Haltefrist bis zum 16. Januar 2026. Durch dieses Placement können Sumitomo und Centerra ihre jeweiligen Beteiligungen von 10,1% bzw. 9,9% an Kenorland gemäß ihren Investorenrechtsvereinbarungen vom November 2021 und Mai 2024 behalten.
Kenorland Minerals (OTCQX: KLDCF) أكملت إصداراً خاصاً من خلال ممارسة حقوق «Top-up» من قبل Sumitomo Metal Mining Canada وCenterra Gold. تتضمن الصفقة إصدار 51,805 سهماً عموماً بسعر 2.028 دولاراً للسهم، بمبلغ إجمالي قدره 105,060.54 دولاراً.
تخضع الأسهم لفترة حظر قانونية حتى 16 يناير 2026. يتيح هذا الإصدار لـ Sumitomo وCenterra الاحتفاظ بحصتيهما البالغة 10.1% و9.9% على التوالي في Kenorland، وفقاً لاتفاقيات حقوق المستثمرين من نوفمبر 2021 ومايو 2024.
Kenorland Minerals (OTCQX: KLDCF) 已通过 Sumitomo Metal Mining Canada 与 Centerra Gold 行使“增补权”（top-up rights）完成私募。交易发行 51,805 股普通股，价格为每股 2.028 美元，总额为 105,060.54 美元。
股票受法定锁定期约束，直到 2026 年 1 月 16 日。本次配售使 Sumitomo 与 Centerra 能按其 2021 年 11 月和 2024 年 5 月的投资者权利协议维持各自的 10.1% 与 9.9% 所有权。
- None.
- Minor shareholder dilution through additional share issuance
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that, further to its press release dated September 10, 2025, the Company, Sumitomo Metal Mining Canada Ltd. ("Sumitomo") and Centerra Gold Inc. ("Centerra"), have completed the exercise of Sumitomo's and Centerra's 'top-up right' to retain its
An aggregate of 51,805 common shares were issued at a price of
As Sumitomo is the beneficial owner of more than
The Company has relied upon on exemptions from formal valuation and the minority shareholder approval requirements of MI 61-101 found in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of either transaction does not constitute more than the
About Kenorland Minerals
Kenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a
Further information can be found on the Company's website www.kenorlandminerals.com.
On behalf of the Board of Directors,
Zach Flood
President, CEO & Director
For further information, please contact:
Alex Muir, CFA
Corporate Development and Investor Relations Manager
Tel +1 604 568 6005
info@kenorlandminerals.com
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266551
FAQ
What is the purpose of Kenorland Minerals' (KLDCF) top-up right exercise?
How many shares did Kenorland (KLDCF) issue in the September 2025 private placement?
When does the statutory hold period expire for Kenorland's (KLDCF) newly issued shares?
Why didn't Kenorland (KLDCF) require minority shareholder approval for this transaction?
