Karus Gold Corp. announces it has signed a non-binding arm's length Letter of Intent to be acquired by Kenadyr Metals Corp. Per the LOI, Kenadyr will acquire 100% of the issued and outstanding common shares of Karus via a Kenadyr issuance of common shares resulting in a reverse takeover by Karus. The resulting issuer will be Kenadyr Metals Corp., a Tier 2 TSX-V listed company. All dollar amounts are Canadian. Proposed [...]
Kenadyr Mining announces that effective on Tuesday, August 10, 2021, it will implement the previously announced share consolidation of its common shares on a ten for one basis and will change its name from "Kenadyr Mining Corp." to "Kenadyr Metals Corp.". The Company has received approval of the Name Change and Share Consolidation from the TSXV. Following the Name Change and Share Consolidation, the common shares are [...]
Kenadyr Mining Corp. is pleased to announce that it intends to consolidate its common shares on a ten for one basis and to change its name from "Kenadyr Mining Corp." to "Kenadyr Metals Corp.". The Company currently has 118,039,546 common shares issued and outstanding. Following the Share Consolidation, the Company will have approximately 11,803,955 common shares issued and outstanding prior to rounding for fractional [...]
Kenadyr Mining Corp. announces it has cancelled its letter of intent for the acquisition of 100% of Kamkor-Saryarka LLP, as announced on April 27, 2021. The parties could not agree to final terms to form a legally binding agreement. Additionally, the Bridge Financing, as announced on May 25, 2021, is also cancelled. Tim McCutcheon, Kenadyr's CEO, said: "I am disappointed in this turn of events, but remain optimistic about [...]
Kenadyr Mining Corp. announces that it has finalized the terms of its previously announced non-brokered private placement of convertible debentures in the principal amount of up to $200,000. The Debentures will mature twelve months from the date of issuance and bear interest at a rate of 20% per annum, payable on maturity. Repayment of the Principal Amount on the Debenture, together with interest accrued but unpaid, will [...]
Kenadyr Mining Corp. announces it has entered into a binding letter of intent dated April 23, 2021 to acquire 100% of the Kamkor Copper Project in Kazakhstan. Kamkor has a historical Kazakhstan-standard estimate of 30.9 million tonnes of mineralized material at 0.64% copper in the C1+C2 categories. The historical resource was constructed in 2006 and is pit constrained and based upon 35 drillholes and 24 surface trenches [...]
Kenadyr Mining Corp. continues to review its substantial database for the Borubai Project with a view to begin asset development once conditions permit. The Corporation has engaged APEX Geosciences Ltd. to examine drill data and make notes and recommendations. The East Zone, an area of mineralization approximately 1km away from the main Taldybulak Levoberezhniy mineralized zone , represents the primary drill-ready target [...]
Kenadyr Mining Corp. has appointed Gravitas Securities Inc. to act as sole lead agent, to sell, by way of a private placement on a best efforts basis, up to 18,750,000 units of the Company at a price of $0.08 per Unit for gross proceeds of up to $1.5 million, subject to receipt of all applicable regulatory approvals . Subject to regulatory approval, the Offering is expected to close on or about August 30, 2019, or such [...]
Kenadyr Mining Corp. announces the passing of Mr. Brian Lueck, Kenadyr’s Chief Executive Officer and Director. Mr. Lueck was not only a founding member of Kenadyr, but also an integral part of the Corporation’s management team and operations team in the Kyrgyz Republic. Mr. Lueck had spent his entire career, spanning over 30 years, working with mineral companies. Mr. Lueck was a long-standing member of the [...]
Kenadyr Mining Corp. is pleased to announce that the Corporation has received TSX Venture Exchange approval to amend the exercise price to $0.10 for an aggregate of 2,980,000 incentive stock options originally granted on April 27, 2017 for a period of 5 years to various employees and consultants of the Corporation, also subject to 20% vesting on the date of grant and 20% vesting each 6 months thereafter over a 5 year [...]
Kenadyr Mining Corp. is pleased to announce the Corporation has entered into a non-binding letter of intent in connection with a proposed option and joint venture agreement with Gold Mountains Asset Management Limited or its designated affiliate in respect of the Borubai Project . Borubai Tenement Location Map Pursuant to the terms of the LOI, Kenadyr would grant to Gold Mountains an exclusive and sole option to acquire [...]
Kenadyr Mining Corp. is pleased to announce further results of the 2018 drill program at Kenadyr’s Borubai property comprising drill holes EZ- 6,9,10,11,12,13,14 and 16 – 18. . Location and Drill Plan – Kenadyr’s East Zone Geophysical Survey Plan – Kenadyr’s East Zone New Assay Section EZ – 6, 9, 10, 11 - 18 New Assay Section EZ – 12, 13, 14 – 18 These drill holes [...]