Kenadyr Mining (Holdings) Corp. (TSXV:KEN) announced a private placement of 18,750,000 units at a price of CAD 0.08 per unit for gross proceeds of CAD 1,500,000 on best efforts basis on August 14, 2019. Each unit consists of one common share and one half of one common share warrant. Each warrant is exercisable to purchase one common share at a price of CAD 0.12 for a period of 24 months from the closing date. The company will pay 8 per cent of the gross proceeds in the transaction as commission to the agent. The company will also issue broker warrants equal to 8 per cent of the aggregate number of units sold pursuant to the transaction. Each broker warrant shall entitle the holder thereof to acquire one unit at a price of CAD 0.08 per unit for a period of 24 months from the closing date. The transaction is subject all applicable regulatory approvals. The transaction is expected to close in multiple tranches on or about August 30, 2019. All securities issued in the transaction will be subject to a hold period of four months.