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Kenorland Minerals Says Sumitomo Metal And Centerra Will Exercise Right to Maintain Equity Stake

Kenorland Minerals Says Sumitomo Metal And Centerra Will Exercise Right to Maintain Equity Stake

MT newswireMT newswire2026/09/18 20:56
04:56 PM EDT, 09/18/2026 (MT Newswires) -- Kenorland Minerals (KLD.V) said Friday after trade that Sumitomo Metal Mining Canada and Centerra Gold (CG.TO) will exercise their "top-up right" to maintain their respective 10.1% and 9.9% equity stakes in the company. Kenorland will issue 23,126 shares to Sumitomo, and 22,668 shares to Centerra. The shares will be priced at CA$2.498 each, a statement added. Kenorland shares closed down CA$0.01 at CA$2.25 on the TSX Venture Exchange.
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