Kenorland Minerals raises $7M from sale of Li-FT shares

Jul 24, 2023

2023-07-21 11:09 ET – News Release

Mr. Zach Flood reports

KENORLAND MINERALS RAISES $7,000,000 THROUGH SALE OF MARKETABLE SECURITIES

Kenorland Minerals Ltd. has raised gross proceeds of $7-million through the sale of one million common shares of Li-FT Power Ltd. The sale was conducted through the Canadian Securities Exchange as a prearranged trade with an arm’s-length party. The proceeds from the sale further strengthen Kenorland’s cash position and brings its current cash balance to a total of approximately $23-million.

About Kenorland Minerals Ltd.

Kenorland Minerals is a mineral exploration Company incorporated under the laws of the Province of British Columbia and based in Vancouver, B.C., Canada. Kenorland’s focus is early- to advanced-stage exploration in North America. The company currently holds five projects in Quebec where work is being completed under joint venture and earn-in agreements from third parties. The Frotet project and Chicobi project are held under joint venture with Sumitomo, the O’Sullivan project is optioned to Sumitomo, the Chebistuan project is optioned to Newmont Corp., and the Hunter project is held under option to Centerra Gold Inc. In Alaska, the company holds the advanced-stage Tanacross porphyry copper-gold-molybdenum project, optioned to Antofagasta, as well as a 70-per-cent interest in the Healy project, held under joint venture with Newmont.

We seek Safe Harbor.

https://www.kenorlandminerals.com/