Kenorland Secures Investment to Boost Exploration

Kenorland Minerals (TSE:KLD) has released an update.

Kenorland Minerals Ltd. has announced a C$9.86 million private placement, with Centerra Gold Inc. acquiring about 9.9% of Kenorland’s common shares. The investment will support Kenorland’s exploration activities in North America, with Centerra’s participation in future equity issuances under certain conditions. Proceeds from the sale will be directed towards extensive greenfields exploration across Canadian provinces, aimed at enhancing shareholder value.

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