Kenadyr Announces Effective Date of Share Consolidation
VANCOUVER, BC – January 8, 2025 - Kenadyr Metals Corp. (TSX-V: KEN.H; OTC-MKTS: KNDYF; FRA: KM0) (the “Company” or “Kenadyr”) announces, further to its news release of December 10, 2024, and effective January 13, 2025, the Company will consolidate the common shares in the capital of the Company (the “Common Shares”) on the basis of six (6) pre-consolidation Common Shares for every one (1) postconsolidation Common Share (the “Consolidation”).
The name of the Company and trading symbol will remain the same after the Consolidation. The new CUSIP number will be 48850D200 and the new ISIN number will be CA48850D2005 for the post- Consolidation Common Shares.
The Company’s post-Consolidation Common Shares are expected to begin trading on the NEX Board of the TSX Venture Exchange on or about January 13, 2025. The total issued and outstanding number of Common Shares post-Consolidation will be approximately 1,967,326.
Letters of transmittal with respect to the Consolidation will be mailed to all registered shareholders of the Company. All registered shareholders will be required to send their respective certificates representing the pre-Consolidation Common Shares along with a properly executed letter of transmittal to the Company’s transfer agent, Odyssey Trust Company (“Odyssey Trust”), in accordance with the instructions provided in the letter of transmittal. All shareholders who submit a duly completed letter of transmittal along with their respective pre-Consolidation Common Share certificate(s) to Odyssey Trust, will receive a post Consolidation Common Share certificate or Direct Registration Advice representing the post Consolidation Common Shares.
ON BEHALF OF KENADYR METALS 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
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.
Cautionary Statement on Forward-Looking Information
This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward- looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release.