(TheNewswire)
VANCOUVER, BC - TheNewswire – July 22, 2021 - KenadyrMining (Holdings) Corp. (TSXV:KEN) (the “ Company ”) or“ Kenadyr ”) is pleased to announce that itintends to consolidate its common shares on a ten (10) for one (1)basis (the “ ShareConsolidation ”) and to change its namefrom “Kenadyr Mining (Holdings) Corp.” to “Kenadyr MetalsCorp.” (the “ NameChange ”) . The Company currently has 118,039,546 common shares issued andoutstanding. Following the Share Consolidation, the Company will haveapproximately 11,803,955 common shares issued and outstanding prior torounding for fractional shares. Completion of the Share Consolidationand Name Change are subject to approval by the TSX Venture Exchange(the “ TSXV ”).
Upon completion of the Share Consolidation and NameChange, a letter of transmittal will be sent by mail to registeredshareholders advising that the Share Consolidation and Name Changehave taken effect. The letter of transmittal will contain instructionson how registered shareholders can exchange their share certificatesor DRS statements evidencing their pre-consolidated common shares fornew share certificates or new DRS statements representing the numberof post-consolidated common shares to which they are entitled. Noaction is required by non-registered shareholders (shareholders whohold their shares through an intermediary) to effect the ShareConsolidation and Name Change.
The Company’s common shares are expected to begintrading on the TSXV on a post-Share Consolidation basis after the TSXVissues its final bulletin advising of the effective date.
The Share Consolidation and Name Change was approved bythe board of directors of the Company.
About Kenadyr
Kenadyr is currently listed on the TSX VenturesExchange and its primary business is mineral exploration in the KyrgyzRepublic, specifically gold exploration in Borubai. Kenadyr holds allissued and outstanding securities in PIC Ala-Too, a Kyrgyz Republiccompany registered in Bishkek, which is the 100% legal and beneficialholder of an exploration license related to Kenadyr’s BorubaiProject.
ON BEHALF OF KENADYR MINING(HOLDINGS) CORP.
Tim McCutcheon
Chief Executive Officer
For more information, visit www.kenadyr.com or contactTim McCutcheon, CEO at info@kenadyr.com or (604) 638 3311.
Neither the TSXVenture Exchange nor its regulation services provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Cautionary Note RegardingForward-Looking Statements
This news release contains forward-looking statements.All statements other than statements of historical fact included inthis release, including, without limitation, statements regarding thecompletion of the Share Consolidation and the Name Change, areforward-looking statements that involve risks and uncertainties. Therecan be no assurance that such statements will prove to be accurate and actual results and future events could differmaterially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially from theCorporation's expectations including the risks detailed from time totime in the filings made by the Corporation with securitiesregulations. The reader is cautioned not to place undue reliance onany forward-looking information. Forward-looking statements containedin this news release are expressly qualified by this cautionarystatement. The forward-looking statements contained in this newsrelease are made as of the date of this news release and theCorporation will update or revise publicly any of the includedforward-looking statements as expressly required by Canadiansecurities law.
Copyright (c) 2021 TheNewswire - All rights reserved.