VANCOUVER, BC – TheNewswire – June 11, 2021 – Kenadyr Mining (Holdings) Corp. (TSXV:KEN) (OTC:KNDYF) (FRA:KM0) (the “Firm” or “Kenadyr”) declares it has cancelled its letter of intent for the acquisition of 100% of Kamkor-Saryarka LLP, as introduced on April 27, 2021. The events couldn’t conform to closing phrases to type a legally binding settlement. Moreover, the Bridge Financing, as introduced on Could 25, 2021, can also be cancelled.
Tim McCutcheon, Kenadyr’s CEO, mentioned: “I’m upset on this flip of occasions, however stay optimistic in regards to the potential of our current Borubai gold exploration asset and rising useful resource alternatives in Central Asia.”
Kenadyr is growing its 100%-owned Borubai gold exploration license within the Kyrgyz Republic, in addition to evaluating progress alternatives within the gold mining sector. The Borubai license utterly surrounds the Taldybulak Levoberezhniy gold mine, with which it shares mineralization developments. Taldybulak Levoberezhniy produced 133,335 oz gold in 2019 and is operated by Zijin Mining.
ON BEHALF OF KENADYR MINING (HOLDINGS) CORP.
Chief Government Officer and Director
For extra data, please contact:
Tim McCutcheon or Kevin Ma
Cellphone: +1-604-569-2963 Ext 105
Cautionary Assertion on Ahead-Wanting Info
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press launch incorporates forward-looking statements and forward-looking data (collectively, “forward-looking statements”) inside the which means of relevant Canadian securities laws. All statements, aside from statements of historic reality, included herein together with, with out limitation, statements concerning the anticipated content material, graduation, timing and value of exploration applications, anticipated exploration program outcomes, the invention and delineation of mineral deposits/sources/reserves, and the anticipated enterprise plans and timing of future actions of the Firm, are forward-looking statements. Though the Firm believes that such statements are affordable, it may give no assurance that such expectations will show to be right. Ahead-looking statements are usually recognized by phrases equivalent to: imagine, anticipate, anticipate, intend, estimate, postulate and comparable expressions, or are these, which, by their nature, check with future occasions. The Firm cautions traders that any forward-looking statements by the Firm should not ensures of future outcomes or efficiency, and that precise outcomes might differ materially from these in ahead wanting statements on account of numerous elements, together with, however not restricted to, the state of the monetary markets for the Firm’s fairness securities, the state of the commodity markets usually, variations within the nature, high quality and amount of any mineral deposits which may be positioned, variations out there value of any mineral merchandise the Firm might produce or plan to provide, the lack of the Firm to acquire any needed permits, consents or authorizations required, together with TSXV acceptance, for its deliberate actions, the lack of the Firm to provide minerals from its properties efficiently or profitably, to proceed its projected progress, to lift the required capital or to be totally in a position to implement its enterprise methods, and different dangers and uncertainties disclosed within the Firm’s newest interim Administration Dialogue and Evaluation and filed with sure securities commissions in Canada. The entire Firm’s Canadian public disclosure filings could also be accessed through www.sedar.com and readers are urged to evaluation these supplies, together with the technical stories filed with respect to the Firm’s mineral properties.