Kenadyr Mining announces effective date of reverse stock split and name change



VANCOUVER, BC – The press wire – August 6, 2021 – Kenadyr Mining (Holdings) Corp. (TSXV: KEN) (the “Company“) or “Kenadyr”) announces that as of Tuesday August 10, 2021, it will implement the previously announced reverse stock split of its ordinary shares on a ten (10) for one (1) basis (the “Consolidation of shares“) and go change its name to “Kenadyr Mining (Holdings) Corp.” To “Kenadyr Metals Corp.” (the “Name change”). The Company has received approval for the name change and the reverse stock split of the TSX Venture Exchange (the “TSXV“).

Following the name change and the reverse stock split, the common shares are expected to begin trading after the consolidation at the market opens on August 10, 2021 under the ticker symbol “KEN”. The new CUSIP number will be 48850D101 and the new ISIN number will be CA48850D1015. As a result of the reverse stock split, the Company will have approximately 11,803,955 common shares issued and outstanding.

A letter of transmission will be sent by post to the registered shareholders informing them that the consolidation of shares and the change of name have taken effect. The Letter of Transmittal will contain instructions on how registered shareholders can exchange their share certificates or DRS statements evidencing their pre-consolidated common shares for new share certificates or DRS statements representing the number of shares. ordinary post-consolidated companies to which they are entitled. No action is required from non-registered shareholders (shareholders who hold their shares through an intermediary) to effect the reverse stock split and name change.

No fractional common share will be issued upon the reverse stock split. In the event that a holder of ordinary shares would otherwise have the right to receive a fraction of ordinary share within the framework of the consolidation of shares, the number of ordinary shares to be received by this shareholder will be rounded down to the lower whole number. if this fraction of ordinary share is less than half (1/2) of an ordinary share and will be rounded up to the next whole number of ordinary shares if this fraction of ordinary share is equal to or greater than half (1 / 2) one ordinary share.

The exercise or conversion price and the number of ordinary shares that can be issued under any convertible security of the Company will be adjusted proportionally to the completion of the reverse stock split.

About Kenadyr

Kenadyr is currently listed on the TSX Venture Exchange and its core business is mineral exploration in the Kyrgyz Republic, in particular gold exploration at Borubai. Kenadyr owns all issued and outstanding securities in PIC Ala-Too, a Kyrgyz Republic company registered in Bishkek, which is the legal holder and 100% beneficiary of an exploration license related to the Borubai project in Kenadyr.


Tim mccutcheon
Chief Executive Officer

For more information, visit or contact Tim McCutcheon, CEO of This e-mail address is protected from spam. You need JavaScript enabled to view it. or (604) 638 3311.

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.

Caution Regarding Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical fact included in this press release, including, without limitation, statements regarding the completion of the share consolidation and the name change, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and that actual results and future events could differ materially from those anticipated in such statements. Important factors which could cause actual results to differ materially from the Company’s expectations, including risks detailed from time to time in documents filed by the Company with securities regulations. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release and the Company will publicly update or revise any forward-looking statement included as expressly required by Canadian securities laws.



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