Kenorland Minerals Ltd. (TSE:KLD) has released an update.
Kenorland Minerals Ltd. has announced that Sumitomo Metal Mining Canada Ltd. intends to exercise its ‘top-up right’ to maintain a 10.1% interest in Kenorland by acquiring an additional 24,075 common shares at $0.70 each, subject to TSX Venture Exchange approval. This move follows the terms of the investor rights agreement from 2021, reinforcing Sumitomo’s stake in the mineral exploration company operating in North America.
For further insights into TSE:KLD stock, check out TipRanks’ Stock Analysis page.