Kainantu Resources is pleased to announce a private placement financing of up to 100,000,000 common shares of the Company at a price of C$0.02 per Share for gross proceeds of up to C$2,000,000. The Shares issued under the Offering will be subject to restrictions on resale for a period of four months from the date of issue. The Company may pay a finder's fee in cash and/or share purchase warrants in connection with the [...]
Kainantu Resources announces that Adam Clode has been appointed as interim Chief Executive Officer of the Company and Dain Currie has been appointed as Chairman of the Company. These appointments fill the vacancies of outgoing Chief Executive Officer and director, Matthew Salthouse, and Chairman and director, Marcus Engelbrecht. With Mr. Clode as Chief Executive Officer of the Company, the Company will focus on managing [...]
Kainantu Resourcesis pleased to announce the appointment of Dain Currie as an independent director of the Company. The board of directors of KRL now consists of Marcus Engelbrecht, Matthew Salthouse, Geoff Lawrence, David Loretto, and Dain Currie. Mr. Currie is a seasoned capital markets professional with over 18 years' experience working with both private and public companies, primarily in the mining, oil and gas [...]
Kainantu Resources Ltd. , the Asia-Pacific focused gold mining company, is pleased to announce the closing of its private placement financing of C$1.27 million , originally announced on May 30, 2023. In the first tranche of the Offering, the Company has issued senior convertible debenture units with an aggregate principal amount of C$503,164.06, as announced on June 22, 2023. In the second tranche of the Offering, the [...]
Kainantu Resources Ltd. is pleased to announce that it has closed the definitive agreement with Harmony Gold Exploration Limited , a wholly-owned subsidiary of Harmony Gold Mining Company Limited to acquire 100% ownership of the Kili Teke Gold-Copper Project in Papua New Guinea . Kili Teke is an advanced porphyry gold-copper development project with an existing NI43-101 compliant mineral resource; and significant [...]
Kainantu Resources Ltd. , the Asia-Pacific focused gold mining company, is pleased to announce the closing of the third tranche of its private placement financing of C$1.8 million , originally announced on May 30, 2023. In the first tranche of the Offering, the Company has issued senior convertible debenture units with an aggregate principal amount of C$503,164.06, as announced on June 22, 2023. In the second tranche of [...]
Kainantu Resources Ltd. , the Asia-Pacific focused gold mining company, is pleased to report the filing of its second interim results for the period ending June 30, 2023, a copy of which is available for review in the "Investors" section of the Company's website. Highlights to report over the period include the following : Business and Operations Adoption of an NI43-101 inferred resource for the Kili Teke project: 237Mt [...]
Kainantu Resources Ltd. , the Asia-Pacific focused gold mining company, announces an extension to close the third and final tranche of its private placement financing of C$1.8 million , originally announced on May 30, 2023. In the first tranche of the Offering, the Company has issued an aggregate of 6,289,551 senior convertible debentures at a price of C$0.08 per First Tranche Debenture to raise gross proceeds of [...]
Kainantu Resources Ltd. , the Asia-Pacific focused gold mining company, is pleased to announce that it has closed a further C$0.3 million second tranche of its private placement financing of C$1.8 million , originally announced on May 30, 2023. In the first tranche of the Offering, the Company has issued an aggregate of 6,289,551 senior convertible debentures at a price of C$0.08 per Debenture to raise gross proceeds of [...]
Kainantu Resources Ltd. , the Asia-Pacific focused gold mining company, is pleased to announce the appointment of Mr. Martin Cooper as Acting Chief Financial Officer , with immediate effective. Mr. Cooper's exceptional qualifications and experience make him an invaluable addition to the Company's leadership team. Acting Chief Financial Officer Appointment Mr. Cooper has over 35 years' finance experience including over 20 [...]
Kainantu Resources Ltd. , the Asia-Pacific focused gold mining company, is pleased to announce that it has closed a C$0.5 million first tranche of its private placement financing of C$1.8 million , originally announced on May 30, 2023. Under the first tranche of the Offering, the Company has issued an aggregate of 6,289,551 senior convertible debentures at a price of C$0.08 per Debenture to raise gross proceeds of [...]
Kainantu Resources Ltd. , the Asia-Pacific focussed gold mining company is extending the previously announced private placement of senior convertible debentures to close on June, 16, 2023. The Private Placement which was originally announced on May 30, 2023. The Debentures, which will be issued pursuant to the Private Placement, will have a conversion price of C$0.08 per common share of the Company , provided that if the [...]
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