Vancouver, British Columbia — December 16, 2025 — Leads & Copy — Kenadyr Metals Corp. (TSXV: KEN.H) (OTC: KNDYF), soon to be Algo Grande Copper Corp., has announced the closing of the third and final tranche of its non-brokered private placement, raising gross proceeds of $868,012.88.
The offering consisted of 2,314,701 subscription receipts priced at $0.375 each. The total gross proceeds from all tranches of the offering reached $3,824,400. Each subscription receipt will convert into one common share of Kenadyr, pending satisfaction of escrow release conditions, including the completion of the proposed acquisition of the Adelita Project and approval from the TSX Venture Exchange (TSXV).
Kenadyr also paid finder’s fees of $10,500 and issued 84,000 finder’s warrants, each exercisable at $0.375, plus 56,000 common shares to a finder. Proceeds will fund obligations and exploration of the Adelita Project, along with general working capital.
The company has received conditional approval from the TSXV for the acquisition, with closing expected around December 16, 2025. An independent technical report for the Adelita Project has been filed and is available on SEDAR+.
Kenadyr Metals Corp., which will be renamed Algo Grande Copper Corp., focuses on mineral exploration at the Adelita Project, a copper-gold-silver property in the Arizona-Sonora copper belt.
Enrico Gay, Chief Executive Officer of Kenadyr Metals Corp., can be contacted via info@algo-grande.com.
Source: Kenadyr Metals Corp.
