Kenorland investor Sumitomo to exercise top-up right
2022-12-09 09:58 ET – News Release
Mr. Zach Flood reports
KENORLAND RECEIVES NOTICE OF EXERCISE OF TOP-UP RIGHT FROM SUMITOMO
Further to the investor rights agreement (IRA) dated Nov. 5, 2021, between Kenorland Minerals Ltd. and Sumitomo Metal Mining Canada Ltd., Sumitomo has issued to the company its intent to exercise its top-up right and retain its 10.1-per-cent interest in the company.
An aggregate of 16,852 common shares at a price of 72 cents per share will be issued in accordance with the IRA, subject to the approval of the TSX Venture Exchange. A copy of the IRA is available on the company’s SEDAR profile.
About Kenorland Minerals Ltd.
Kenorland Minerals is a mineral exploration company incorporated under the laws of British Columbia and based in Vancouver, B.C., Canada. Kenorland’s focus is early- to advanced-stage exploration in North America.
We seek Safe Harbor.
https://www.kenorlandminerals.com/
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