Kenadyr Mining (Holdings) Corp. (TSXV:KEN) announced a private placement of convertible notes for gross proceeds of up to CAD 200,000 on April 27, 2021. The notes issued in the bridge financing will have a 12 month term and will yield an interest rate of 5% per annum due on maturity or conversion. The notes will be convertible into units of the company, which will each consist of one common share and one share purchase warrant, at a conversion price of CAD 0.05 per unit. Each Warrant will be exercisable for a period of 18 months from the date of issuance of the notes at an exercise price equal to the conversion price. In addition, assuming the completion of the consolidation, the notes will automatically convert into units on the basis of one unit for each CAD 0.35 of the principal amount of the notes.