Kenorland Receives Notice of Exercise of Top-Up Right from Sumitomo and Centerra
Kenorland Minerals (OTCQX: KLDCF) announced that both Sumitomo Metal Mining Canada and Centerra Gold have exercised their top-up rights to maintain their respective ownership stakes in the company.
The company will issue a total of 51,805 common shares at $2.028 per share, for total consideration of $105,060.54. Specifically, 26,162 shares will be issued to Sumitomo to maintain its 10.1% interest, while 25,643 shares will be issued to Centerra to maintain its 9.9% interest. The issuance is subject to TSX Venture Exchange approval.
Kenorland Minerals (OTCQX: KLDCF) ha comunicato che sia Sumitomo Metal Mining Canada sia Centerra Gold hanno esercitato i diritti di sottoscrizione aggiuntiva per mantenere le rispettive partecipazioni nella società.
Saranno emesse in totale 51.805 azioni ordinarie al prezzo di $2,028 per azione, per un controvalore complessivo di $105.060,54. In particolare, 26.162 azioni saranno assegnate a Sumitomo per conservare la sua partecipazione del 10,1%, mentre 25.643 azioni andranno a Centerra per mantenere la sua quota del 9,9%. L'emissione è soggetta all'approvazione della TSX Venture Exchange.
Kenorland Minerals (OTCQX: KLDCF) anunció que tanto Sumitomo Metal Mining Canada como Centerra Gold han ejercido sus derechos de suscripción para conservar sus respectivas participaciones en la compañía.
La empresa emitirá en total 51.805 acciones ordinarias a $2,028 por acción, por un importe total de $105.060,54. Específicamente, se emitirán 26.162 acciones a Sumitomo para mantener su 10,1% de participación, y 25.643 acciones a Centerra para preservar su 9,9% de participación. La emisión queda sujeta a la aprobación de la TSX Venture Exchange.
Kenorland Minerals (OTCQX: KLDCF)는 Sumitomo Metal Mining Canada와 Centerra Gold가 각각의 지분을 유지하기 위해 증자참여권을 행사했다고 발표했습니다.
회사는 총 51,805주 보통주를 주당 $2.028에 발행하여 총 $105,060.54를 납입받을 예정입니다. 구체적으로는 26,162주가 Sumitomo에 발행되어 그들의 지분 10.1%을 유지하게 되고, 25,643주가 Centerra에 발행되어 그들의 지분 9.9%를 유지하게 됩니다. 해당 발행은 TSX Venture Exchange의 승인을 조건으로 합니다.
Kenorland Minerals (OTCQX: KLDCF) a annoncé que Sumitomo Metal Mining Canada et Centerra Gold ont tous deux exercé leurs droits de souscription afin de maintenir leurs participations respectives dans la société.
La société émettra au total 51 805 actions ordinaires au prix de 2,028 $ par action, pour un montant global de 105 060,54 $. Plus précisément, 26 162 actions seront attribuées à Sumitomo pour préserver sa participation de 10,1 %, tandis que 25 643 actions seront émises à Centerra pour maintenir sa participation de 9,9 %. L'émission est soumise à l'approbation de la TSX Venture Exchange.
Kenorland Minerals (OTCQX: KLDCF) gab bekannt, dass sowohl Sumitomo Metal Mining Canada als auch Centerra Gold ihre Bezugsrechte ausgeübt haben, um ihre jeweiligen Beteiligungen am Unternehmen zu halten.
Das Unternehmen wird insgesamt 51.805 Stammaktien zum Preis von $2,028 je Aktie ausgeben, was einem Gesamtbetrag von $105.060,54 entspricht. Konkret werden 26.162 Aktien an Sumitomo ausgegeben, um dessen Anteil von 10,1% zu erhalten, und 25.643 Aktien an Centerra, um deren Anteil von 9,9% beizubehalten. Die Ausgabe steht unter dem Vorbehalt der Genehmigung durch die TSX Venture Exchange.
- None.
- Minimal dilution to existing shareholders through additional share issuance
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that, further to the investor rights agreement dated November 5, 2021 (the "Sumitomo IRA") between the Company and Sumitomo Metal Mining Canada Ltd. ("Sumitomo") and the investor rights agreement dated May 28, 2024 (the "Centerra IRA") between the Company and Centerra Gold Inc. ("Centerra"), each of Sumitomo and Centerra have issued to the Company notice of their respective intentions to exercise their 'top-up right' as it relates to certain share issuances completed by the Company and to retain their interests in the Company.
An aggregate of 51,805 common shares of the Company will be issued at a price of
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/265770
FAQ
What is the purpose of Kenorland Minerals' (KLDCF) share issuance to Sumitomo and Centerra?
How many shares will Kenorland (KLDCF) issue and at what price?
What percentage stake will Sumitomo maintain in Kenorland after the top-up right exercise?
What percentage stake will Centerra maintain in Kenorland after the top-up right exercise?
When were the investor rights agreements with Sumitomo and Centerra originally established?
