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Kenadyr Mining Cancels Kamkor Copper Deposit Acquisition
VANCOUVER, BC - TheNewswire – June 11, 2021 - Kenadyr Mining (Holdings) Corp. (TSXV:KEN) (OTC:KNDYF) (FRA:KM0) (the “Company” or “Kenadyr”) announces it has can
About this update from Algo Grande Copper Corp.
[{"type":"text","content":"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 the acquisition of 100% of Kamkor-Saryarka LLP, as announced on April 27, 2021. The parties could not agree to final terms to form a legally binding agreement. Additionally, the Bridge Financing, as announced on May 25, 2021, is also cancelled. Tim McCutcheon, Kenadyr’s CEO, said: “I am disappointed in this turn of events, but remain optimistic about the potential of our existing Borubai gold exploration asset and emerging resource opportunities in Central Asia.” About Kenadyr Kenadyr is developing its 100%-owned Borubai gold exploration license in the Kyrgyz Republic, as well as evaluating growth opportunities in the gold mining sector. The Borubai license completely surrounds the Taldybulak Levoberezhniy gold mine, with which it shares mineralization trends. Taldybulak Levoberezhniy produced 133,335 oz gold in 2019 and is operated by Zijin Mining. ON BEHALF OF KENADYR MINING (HOLDINGS) CORP. “Tim McCutcheon” Tim McCutcheon Chief Executive Officer and Director For more information, please contact: Tim McCutcheon or Kevin Ma E-mail: [email protected] Phone: +1-604-569-2963 Ext 105 Cautionary Statement on Forward-Looking Information 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 release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, timing and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typic...