Northwire Canada EditionFriday, November 13, 2026
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Gold 3,882.10 −0.1% Silver 48.95 −2.2% Copper 6.07 −2.0% Oil 88.58 −0.2% Palladium 1,002.50 +1.1% BMR 0.165 +0.0% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.42 −4.6% XTG 2.08 +4.0% RUA 1.08 −1.8% TUF 0.610 −1.6% NEXG 1.12 −1.8% ELEF 0.275 −1.8% LVG 0.345 +1.5% BBB 0.510 +2.0% NGC 0.060 +0.0% ABRA 10.56 −2.0% OBUL 0.345 +0.0% MKO 10.51 −2.9% SGML 7.17 +1.3% Gold 3,882.10 −0.1% Silver 48.95 −2.2% Copper 6.07 −2.0% Oil 88.58 −0.2% Palladium 1,002.50 +1.1% BMR 0.165 +0.0% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.42 −4.6% XTG 2.08 +4.0% RUA 1.08 −1.8% TUF 0.610 −1.6% NEXG 1.12 −1.8% ELEF 0.275 −1.8% LVG 0.345 +1.5% BBB 0.510 +2.0% NGC 0.060 +0.0% ABRA 10.56 −2.0% OBUL 0.345 +0.0% MKO 10.51 −2.9% SGML 7.17 +1.3%
Financings

Kenorland Receives Notice of Exercise of Top-up Right from Sumitomo and Centerra

By The Northwire Desk — AI Analysis Dec 15, 2025 · 07:31 KLD · 2.32 Kenorland Minerals Ltd.
KLD · Price

Executive Summary

  • Kenorland Minerals announced that Sumitomo Metal Mining Canada Ltd. and Centerra Gold Inc. will each exercise their “top‑up” rights under existing Investor Rights Agreements, issuing a total of 26,967 common shares to retain their respective ownership stakes.
  • The shares are being issued at $2.068 per share for aggregate gross proceeds of $55,767.76 (13,618 shares to Sumitomo and 13,349 shares to Centerra).
  • The transaction is subject to TSX Venture Exchange approval and is documented in the Sumitomo IRA, Centerra IRA, and a three‑way acknowledgement agreement filed on SEDAR+.

Key Details

  • Total Shares Issued: 26,967 common shares.
  • Issue Price: $2.068 per share.
  • Aggregate Consideration: $55,767.76.
  • Allocation:
  • Sumitomo Metal Mining Canada Ltd. – 13,618 shares (maintaining a 10.1% interest).
  • Centerra Gold Inc. – 13,349 shares (maintaining a 9.9% interest).
  • Purpose: To allow existing investors to retain their proportional ownership interests following prior share issuances by Kenorland Minerals.
  • Regulatory Condition: Issuance pending approval of the TSX Venture Exchange.
  • Documentation: Copies of the Sumitomo IRA, Centerra IRA, and a three‑way acknowledgement agreement are available on the Company’s SEDAR+ profile.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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