States News Wire Services** Kenadyr Closes First Tranche of Non-Brokered Placement and Settles Shares FOR Debt
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED
STATES NEWS WIRE SERVICES**
KENADYR CLOSES FIRST TRANCHE OF NON-BROKERED
PLACEMENT AND SETTLES SHARES FOR DEBT
VANCOUVER, BC – November 13, 2020 - Kenadyr Mining (Holdings) Corp. (TSX-V: KEN;
OTC-MKTS: KNDYF; FRA: KM0) (the “Company” or “Kenadyr”) announces a first tranche
closing of its non-brokered private placement announced November 4, 2020. The Company raised
gross proceeds of $59,500 through the issuance of 1,190,000 (“Units”) priced at $0.05 per Unit
(the “Offering”). Each Unit consists of one common share and one common share purchase
warrant. Each warrant entitles the holder to purchase one additional common share at a price of
$0.07 per share for up to three years expiring November 13, 2023. The Company paid no finder’s
fees. All securities issued are subject to a f our month hold period expiring March 14, 2021. The
net proceeds from the Offering are intended to be us ed to fund corporate development, as well as
for general corporate purposes.
Kenadyr also announces that it ha s agreed with certain counterp arties to settle accrued accounts
payables for common shares in the Company. The Company will settle $23,900 in accounts
payable with insiders of the Company with th e issuance of 478,000 comm on shares at a deemed
price of $0.05 per common share. The shares for debt transaction are s ubject to approval by the
TSX Venture Exchange.
R. Stuart (Tookie) Angus, Chairman of the Company, purchased 500,000 Units under the Offering,
which constituted a “related party transaction” within the meaning of Multilateral Instrument 61-
101 – Protection of Minority Secur ity Holders in Special Transa ctions (“MI 61-101”). The
issuance to the insider is exempt from the formal valuation and the minority shareholder approval
requirements of MI 61-101 as the fair market value of the Units issued to or the consideration paid
by such person did not exceed 25% of the Company’s market capitalization.
This press release does not constitu te an offer of sale of any of the foregoing securities in the
United States. None of the foregoing securities have been and will not be registered under the U.S.
Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and
may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons
(as defined in Regulation S under the 1933 Act) or persons in the United States absent registration
or an applicable exemption from such regist ration requirements. This press release does not
constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the
foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Kenadyr
Kenadyr is currently listed on the TSXV Exchange and its primary business is mineral exploration
in the Kyrgyz Republic, specifically gold explorat ion in Borubai. Kenadyr holds all issued and
outstanding securities in PIC Ala-Too, a Kyrgyz Republic company registered in Bishkek, which
is the 100% legal and beneficial holder of an e xploration license relate d to Kenadyr’s Borubai
Project.
ON BEHALF OF KENADYR MINING (HOLDINGS) CORP.
Tim McCutcheon
Chief Executive Officer
For more information, visit www.kenadyr.com or contact Tim McCutcheon, CEO at
[email protected] or 638 3311+1 (604) .
Neither the TSX Venture Exchange nor its regulation services pr ovider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements and
forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian
and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical fact, included herein including, without limitation, anticipated
exploration program results from exploration activities, the Co mpany’s expectation that it will be able to enter into
agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral
deposits/resources/reserves, the closing and amount of the Placement, and the anticipated business plans and timing
of future activities of the Company, are forward-lookin g statements. Although the Co mpany believes that such
statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: “b elieve”, “expect”, “anticipat e”, “intend”, “estimate”,
“postulate” and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions
investors that any forward-looking statements by the Company are not guarantees of future results or performance,
and that actual results may differ materially from those in forward-looking statements as a result of various factors,
including, operating and technical d ifficulties in connection w ith mineral exploration an d development activities,
actual results of exploration activities, the estimation or re alization of mineral reserves and mineral resources, the
timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing
of the development of new deposits, requir ements for additional capital, future prices of lithium, changes in general
economic conditions, changes in the financial markets and in the demand and market price for commodities, accidents,
labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or
financing or in the completion of development or construc tion activities, changes in laws, regulations and policies
affecting mining operations, title dis putes, the inability of the Company to ob tain any necessary permits, consents,
approvals or authorizations, including acceptance by the TSX-V, required for the Placement, the timing and possible
outcome of any pending litigation, environmental issues and liabilities, and risks related to operations, and other risks
and uncertainties disclosed in the Company’s latest inte rim Management Discussion and Analysis and filed with
certain securities commissions in Canada. All of the Company’s Canadian public disclosure filings may be accessed
via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect
to the Company’s mineral properties. Readers are cautioned not to place undue reliance on forward-looking
statements. The Company undertakes no obligation to update any of the forward-looking statements in this news
release or incorporated by reference herein, except as otherwise required by law.