Kenorland Minerals Closes CA$16.3 Million Private Placement

04:57 PM EST, 11/06/2026 (MT Newswires) -- Kenorland Minerals (KLD.V) said on Friday that it closed its previously announced private placement, issuing 7.7-million common shares at CA$2.10 each for gross proceeds of CA$16.3 million. The financing included participation from Sumitomo Metal Mining Canada, Centerra Gold and Franco-Nevada. Kenorland said it plans to use the proceeds to fund exploration activities across its existing projects, potential property acquisitions and general working capital. Company's shares closed up CA$0.09 at CA$2.09 on TSX Venture Exchange on Friday.