Acquisition of 10.1% Stake in Kenorland Minerals Ltd.
November 4, 2021
Sumitomo Metal Mining Co., Ltd.
Sumitomo Metal Mining Canada Ltd. (SMCL), a wholly owned subsidiary of Sumitomo Metal Mining Co., Ltd. (SMM) and Kenorland Minerals Ltd. (Kenorland Minerals), a Canadian exploration company headquartered in Vancouver, Canada, have agreed that SMCL will acquire a 10.1% stake in Kenorland Minerals by subscribing to a third-party allotment of new shares. The consideration for the share acquisition is approximately C$5.2 million.
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