Kenai Resources Ltd. (TSX-V: KAI) has signed a letter of intent to acquire 100% of GoldOrigin Ltd. Kenai will acquire the company by issuing 1,600,000 units in the capital of Kenai to shareholders of GoldOrigin at a price of $0.15 per unit. Each unit will contain 1 common share and 1 share purchaser warrant. Each warrant enables its holder to acquire 1 additional common share of Kenai for a 2 year period at a price of $0.20.
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Kenai is a Canadian company engaged in precious mineral exploration. Kenai's assets include the
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