(TheNewswire)
VANCOUVER, BC - TheNewswire – June 11, 2021 - Kenadyr Mining (Holdings) Corp. (TSXV:KEN ) ( OTC:KNDYF ) ( FRA:KM0) (the “ Company ” or“ Kenadyr ”) announces it has cancelled its letter of intent for theacquisition of 100% of Kamkor-Saryarka LLP, as announced on April 27,2021. The parties could not agree to final terms to form a legallybinding agreement. Additionally, the Bridge Financing, as announced onMay 25, 2021, is also cancelled.
Tim McCutcheon, Kenadyr’s CEO, said: “I amdisappointed in this turn of events, but remain optimistic about thepotential of our existing Borubai gold exploration asset and emergingresource opportunities in Central Asia.”
About Kenadyr
Kenadyr is developing its 100%-owned Borubai goldexploration license in the Kyrgyz Republic, as well as evaluatinggrowth opportunities in the gold mining sector. The Borubai licensecompletely surrounds the Taldybulak Levoberezhniy gold mine, withwhich it shares mineralization trends. Taldybulak Levoberezhniyproduced 133,335 oz gold in 2019 and is operated by ZijinMining.
ON BEHALF OF KENADYR MINING (HOLDINGS) CORP.
Tim McCutcheon
Chief Executive Officer and Director
For more information, please contact:
Tim McCutcheon or Kevin Ma
E-mail: info@kenadyr.com
Phone: +1-604-569-2963 Ext 105
Cautionary Statement onForward-Looking Information
NEITHER THE TSX VENTURE EXCHANGE NORITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THEPOLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THEADEQUACY OR ACCURACY OF THIS RELEASE.
This press release containsforward-looking statements and forward-looking information(collectively, “forward-looking statements”) within the meaning ofapplicable Canadian securities legislation. All statements, other thanstatements of historical fact, included herein including, withoutlimitation, statements regarding the anticipated content,commencement, timing and cost of exploration programs, anticipatedexploration program results, the discovery and delineation of mineraldeposits/resources/reserves, and the anticipated business plans andtiming of future activities of the Company, are forward-lookingstatements. Although the Company believes that such statements arereasonable, it can give no assurance that such expectations will proveto be correct. Forward-looking statements are typically identified bywords such as: believe, expect, anticipate, intend, estimate,postulate and similar expressions, or are those, which, by theirnature, refer to future events. The Company cautions investors thatany forward-looking statements by the Company are not guarantees offuture results or performance, and that actual results may differmaterially from those in forward looking statements as a result ofvarious factors, including, but not limited to, the state of thefinancial markets for the Company’s equity securities, the state ofthe commodity markets generally, variations in the nature, quality andquantity of any mineral deposits that may be located, variations in the market price ofany mineral products the Company may produce or plan to produce, theinability of the Company to obtain any necessary permits, consents orauthorizations required, including TSXV acceptance, for its plannedactivities, the inability of the Company to produce minerals from itsproperties successfully or profitably, to continue its projectedgrowth, to raise the necessary capital or to be fully able toimplement its business strategies, and other risks and uncertaintiesdisclosed in the Company’s latest interim Management Discussion andAnalysis and filed with certain securities commissions in Canada. Allof the Company’s Canadian public disclosure filings may be accessedvia www.sedar.com and readers are urged to review these materials,including the technical reports filed with respect to the Company’smineral properties.
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