South Pacific Metals Corp.

South Pacific Metals Corp. announces a non-brokered private placement financing of up to 3,750,000 units of the Company at a price of C$0.40 per Unit for gross proceeds of up to C$1,500,000 . Each Unit will consist of one common share of SPMC and one common share purchase warrant, with each warrant exercisable into one common share at an exercise price of $0.90 per share at any time up to 24 months following the closing [...]

South Pacific Metals Corp. is pleased to announce the appointment of Cathy Fitzgerald as an independent, non-executive director of the Company and the appointment of Michael Murphy as Executive Chairman of the Company, effective immediately. Ms. Fitzgerald is an experienced executive and professional geologist who brings over 20 years of experience in technical leadership roles structuring, leading, and managing teams [...]

South Pacific Metals Corp. is pleased to announce that it has closed its previously announced private placement financing of C$1,500,000 , originally announced on February 23, 2024. The Company has issued an aggregate of 7,500,000 common shares of the Company at a price of C$0.20 per Share to raise gross proceeds of C$1,500,000. The Shares issued under the Offering will be subject to a four month hold period. The Company [...]

South Pacific Metals is pleased to announce the appointment of Michael Murphy as an independent, non-executive director of the Company. The board of directors of SPMC now consists of Dain Currie, Geoff Lawrence, David Loretto, and Michael Murphy. Mr. Murphy brings extensive experience in the resource sector to the board, and holds a BA from the University of British Columbia, an MBA from Saint Mary's University, a MSc [...]

South Pacific Metals announces that, further to its news release dated March 14, 2024, SPMC has completed a shares for debt transaction to settle the outstanding principal amount of C$1,270,000 plus accrued interest of C$79,726.63 owed to the 10% secured convertible debenture holders. In total, the Company has issued 6,748,631 common shares of the Company at a price of C$0.20 per share to settle total indebtedness of [...]

South Pacific Metals announces, further to its news release dated February 23, 2024, it plans to complete a shares for debt transaction to settle the outstanding principal amount of C$1,270,000 plus accrued interest of C$79,726.63 owed to the 10% secured convertible debenture holders. In total, the Company plans to issue 6,748,633 common shares of the Company at a price of C$0.20 per share to settle total indebtedness of [...]

South Pacific Metals announces a non-brokered private placement financing of up to 7,500,000 common shares in the capital of the Company at a price of C$0.20 per Share for gross proceeds of up to C$1,500,000. The Shares issued under the Offering will be subject to a four month hold period. The Company may pay finders a fee in cash and/or warrants under the Offering. The proceeds of the Offering will be used as follows [...]

Kainantu Resources announces that it will complete a consolidation of the issued and outstanding shares of the Company at a ratio of ten pre-consolidation common shares for one post-consolidation common share. The Company will also change its name to "South Pacific Metals Corp." and its trading symbol will change to "SPMC". The Consolidation and Name Change will take effect on opening of business on February 9, 2024. The [...]

Kainantu Resources is pleased to announce that it has closed the second and final tranche of its previously announced private placement financing of C$2,000,000, originally announced on November 23, 2023. In the first tranche of the Offering, the Company has issued an aggregate of 87,500,000 common shares of the Company at a price of C$0.02 per Share to raise gross proceeds of C$1,750,000. In the second and final tranche [...]

Kainantu Resources is pleased to announce that it has closed the first tranche of its previously announced private placement financing of C$2,000,000, originally announced on Nov 23, 2023. Under the first tranche of the Offering, the Company has issued an aggregate of 87,500,000 common shares of the Company at a price of C$0.02 per Share to raise gross proceeds of C$1,750,000. The Common Shares issued pursuant to the [...]