Kenorland Receives Notice of Exercise of Top-Up Right from Sumitomo and Centerra
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) has announced that both Sumitomo Metal Mining Canada and Centerra Gold will exercise their 'top-up rights' to maintain their respective ownership stakes in the company.
The company will issue a total of 209,054 common shares at $1.533 per share, raising aggregate consideration of $320,479.78, subject to TSX Venture Exchange approval. Specifically, 105,572 shares will be issued to Sumitomo to maintain its 10.1% interest, while 103,482 shares will go to Centerra to retain its 9.9% stake.
These actions are being taken in accordance with the Sumitomo Investor Rights Agreement (dated November 5, 2021) and the Centerra Investor Rights Agreement (dated May 28, 2024).
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) ha annunciato che sia Sumitomo Metal Mining Canada sia Centerra Gold eserciteranno i loro 'diritti di aumento' per mantenere le rispettive quote di partecipazione nella società.
L’azienda emetterà un totale di 209.054 azioni ordinarie a 1,533 $ per azione, raccogliendo un importo complessivo di 320.479,78 $, soggetto all’approvazione della TSX Venture Exchange. In particolare, 105.572 azioni saranno assegnate a Sumitomo per mantenere il suo interesse del 10,1%, mentre 103.482 azioni andranno a Centerra per conservare la sua quota del 9,9%.
Queste operazioni sono effettuate in conformità con l’Accordo sui Diritti degli Investitori di Sumitomo (datato 5 novembre 2021) e l’Accordo sui Diritti degli Investitori di Centerra (datato 28 maggio 2024).
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) ha anunciado que tanto Sumitomo Metal Mining Canada como Centerra Gold ejercerán sus 'derechos de suscripción' para mantener sus respectivas participaciones en la empresa.
La compañía emitirá un total de 209,054 acciones ordinarias a $1.533 por acción, recaudando un importe total de $320,479.78, sujeto a la aprobación de la Bolsa de Valores TSX Venture. Específicamente, se emitirán 105,572 acciones a Sumitomo para mantener su participación del 10.1%, mientras que 103,482 acciones se asignarán a Centerra para conservar su participación del 9.9%.
Estas acciones se llevan a cabo de acuerdo con el Acuerdo de Derechos de Inversores de Sumitomo (fechado el 5 de noviembre de 2021) y el Acuerdo de Derechos de Inversores de Centerra (fechado el 28 de mayo de 2024).
케노랜드 미네랄스 (TSXV: KLD) (OTCQX: KLDCF)는 스미토모 메탈 마이닝 캐나다와 센터라 골드가 회사 내 각자의 지분을 유지하기 위해 '추가 매수권'을 행사할 것이라고 발표했습니다.
회사는 총 209,054 보통주를 주당 $1.533에 발행하여 총 $320,479.78의 자금을 조달할 예정이며, 이는 TSX 벤처 거래소의 승인을 조건으로 합니다. 구체적으로, 스미토모에는 105,572주가 발행되어 10.1% 지분을 유지하며, 센터라에는 103,482주가 배정되어 9.9% 지분을 유지하게 됩니다.
이 조치는 2021년 11월 5일자 스미토모 투자자 권리 계약과 2024년 5월 28일자 센터라 투자자 권리 계약에 따라 이루어집니다.
Kenorland Minerals (TSXV : KLD) (OTCQX : KLDCF) a annoncé que Sumitomo Metal Mining Canada et Centerra Gold exerceront leurs « droits de souscription » afin de maintenir leurs participations respectives dans la société.
La société émettra un total de 209 054 actions ordinaires au prix de 1,533 $ par action, levant ainsi un montant global de 320 479,78 $, sous réserve de l’approbation de la TSX Venture Exchange. Plus précisément, 105 572 actions seront attribuées à Sumitomo pour conserver sa participation de 10,1 %, tandis que 103 482 actions seront allouées à Centerra pour maintenir sa part de 9,9 %.
Ces opérations sont réalisées conformément à l’Accord sur les droits des investisseurs de Sumitomo (daté du 5 novembre 2021) et à l’Accord sur les droits des investisseurs de Centerra (daté du 28 mai 2024).
Kenorland Minerals (TSXV: KLD) (OTCQX: KLDCF) hat bekannt gegeben, dass sowohl Sumitomo Metal Mining Canada als auch Centerra Gold ihre sogenannten 'Bezugsrechte' ausüben werden, um ihre jeweiligen Beteiligungen am Unternehmen aufrechtzuerhalten.
Das Unternehmen wird insgesamt 209.054 Stammaktien zu je 1,533 $ pro Aktie ausgeben und damit eine Gesamtsumme von 320.479,78 $ einnehmen, vorbehaltlich der Genehmigung durch die TSX Venture Exchange. Konkret werden 105.572 Aktien an Sumitomo ausgegeben, um deren 10,1% Beteiligung zu halten, während 103.482 Aktien an Centerra gehen, um deren 9,9% Anteil zu behalten.
Diese Maßnahmen erfolgen gemäß der Sumitomo-Investorenrechtsvereinbarung (vom 5. November 2021) und der Centerra-Investorenrechtsvereinbarung (vom 28. Mai 2024).
- Strategic investors Sumitomo and Centerra maintain significant ownership stakes (10.1% and 9.9% respectively)
- Company raises $320,479.78 in additional capital
- Share issuance will result in minor dilution for existing shareholders
Vancouver, British Columbia--(Newsfile Corp. - April 25, 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 209,054 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 has agreed to exchange 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", "expect", "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/249818
FAQ
What is the price per share for Kenorland Minerals' (KLDCF) latest share issuance?
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What percentage stake will Centerra Gold maintain in Kenorland (KLDCF) after the top-up right exercise?
How much total capital will Kenorland (KLDCF) raise from the top-up right exercise?
