Kenadyr Metals Corp. announced that it has signed a letter of intent for a private placement of common shares at an issue price of CAD 0.50 per share post-consolidation for gross proceeds of a minimum CAD 2,000,000 and flow-through common shares at premium price for maximum total proceeds of CAD 5,000,000 on November 15, 2022. It is currently anticipated that the proposed transaction will close on or before the end of Q1 2023.

Closing of the transaction, is subject to a number of conditions and approvals.