# Sumitomo and Centerra take up rights to maintain Kenorland stakes

> Kenorland issued 45,794 shares to the two investors and reported gross proceeds of $114,393.41.

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- Publisher: Newsverum
- Section: Finance
- Country: Canada
- Published: 2026-10-07T12:59:35+00:00
- Updated: 2026-10-07T12:59:35+00:00
- Event / data period: 2026-10-02
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Kenorland Minerals said on October 2 that Sumitomo Metal Mining Canada and Centerra Gold exercised top-up rights to maintain respective stakes of 10.1% and 9.9%. Kenorland issued a total of 45,794 new shares to the two investors.

The shares were priced at $2.498 each for gross proceeds of $114,393.41. Sumitomo is a related party because it owns more than 10% of Kenorland; the company said it relied on exemptions from formal valuation and minority shareholder approval requirements under Canadian securities rules.

## Data

### Shares issued to maintain investor ownership stakes

Total new shares issued to Sumitomo and Centerra after exercise of their top-up rights.

Methodology: The source reports 45,794 shares in total and target stakes of 10.1% and 9.9%. This block records the issuance count only; no currency conversion is made.

| label | value | unit | period | basis | value_qualifier |
|---|---|---|---|---|---|
| New shares issued under the top-up rights | 45794 | count | 2026-10-02 | observed | exact |

Sources: <https://www.kenorlandminerals.com/news/-kenorland-completes-top-up-right-from-sumitomo-and-centerra-20261002> · Download data: [JSON](https://newsverum.com/api/v1/articles/kenorland-completes-sumitomo-centerra-top-up-rights/data/release-figures?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/kenorland-completes-sumitomo-centerra-top-up-rights/data/release-figures?lang=en&format=csv)

## Sources

- [Kenorland Minerals Ltd.](<https://www.kenorlandminerals.com/news/-kenorland-completes-top-up-right-from-sumitomo-and-centerra-20261002>) (Source checked: 2026-10-07; Published: 2026-10-02)

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