Franco-Nevada Becomes Significant Shareholder of Kenorland Minerals
Newsfile Corp•05/10/2026•16:30 ET
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Key Highlights
- ➤Franco-Nevada (FNV) acquired 10 million Kenorland (KLD) shares for $22.2 million
- ➤FNV now owns approximately 12.42% of Kenorland’s outstanding shares
- ➤Shares changed hands privately at $2.22 each from Tognetti and Zach Flood
- ➤Tognetti’s stake fell to approximately 3.93%, ending his insider status
- ➤Kenorland holds a 4% net smelter return royalty on Quebec’s Frotet Project
Expert Statements
Zach Flood, President and CEO of Kenorland Minerals
“We are pleased to welcome Franco-Nevada, one of the most respected names in royalties and streaming, as a significant shareholder of Kenorland”
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2026) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV) ("FNV"), a leading gold-focused royalty and streaming company, has acquired an aggregate of 10,000,000 common shares ("Common Shares") of Kenorland (the "Transaction"), representing approximately 12.42% of the outstanding Common Shares.
"We are pleased to welcome Franco-Nevada, one of the most respected names in royalties and streaming, as a significant shareholder of Kenorland," said Zach Flood, President and CEO.
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