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