Kore Mining WKN: A2QQMA ISIN: CA50067K1003 Kürzel: KORE Forum: Aktien Thema: Hauptdiskussion
Karus Gold Enters Non-Binding Letter of Intent to Be Acquired by Kenadyr Metals November 16, 2022 Karus Gold Corp. (“Karus” or the “Company”), a gold exploration company focused on the South Cariboo Gold District in British Columbia, announces it has signed a non-binding arm’s length Letter of Intent (“LOI”) to be acquired by Kenadyr Metals Corp. (TSX-V: KEN; OTC-MKTS: KNDYF) (“Kenadyr”). Per the LOI, Kenadyr will acquire 100% of the issued and outstanding common shares of Karus (the “Karus Common Shares”) via a Kenadyr issuance of common shares resulting in a reverse takeover by Karus (the “Proposed Transaction”). The resulting issuer will be Kenadyr Metals Corp., a Tier 2 TSX-V listed company. All dollar amounts are Canadian.
Introducing Kenadyr Kenadyr Mining is a high-grade gold exploration and development company that has a strategic land package contained within a world class geological setting in the Kyrgyz Republic. The Company trades under the symbol KEN on the TSX Venture Exchange. Kenadyr’s Borubai project contains a historic estimate of approx 900k oz at 8.3 g/t Au contained in the South Zone (connected to Zijin’s TBL deposit). Kenadyr Mining is the only junior company that has connecting mineralization to a producing mine that is owned by a Super Major – Zijin Mining – China’s largest mining company. Kenadyr’s property fully surrounds Zijin’s newly built and producing TBL Mine and shares connecting mineralization to the TBL via the Company’s Borubai project South Zone. Significant capital has been invested historically in exploration and definition of the mineralization on the property. Kenadyr has a diverse management team with extensive local experience as well as a proven track record of success in gold exploration, development and production, along with significant Merger & Acquisition experience.
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