South Pacific Metals Corp.

Kainantu Resources Ltd. announces a further increase to its previously announced private placement financing due to oversubscriptions. The Offering was originally announced on Dec. 1, 2021, to raise gross proceeds of up to C$1.5 million, and, due to oversubscriptions, the Offering has been further upsized to raise aggregate gross proceeds of up to C$2.77 million. Use of Proceeds The net proceeds from the Offering are [...]

Kainantu Resources Ltd. is pleased to announce an increase to its previously announced private placement financing due to oversubscriptions. The Offering was originally announced on December 1, 2021, to raise gross proceeds of up to C$1.5 million, and, due to oversubscriptions, the Offering was subsequently upsized to raise gross proceeds of up to C$2 million as announced on January 4, 2022, and has now been further [...]

Kainantu Resources Ltd. is pleased to announce that it has closed the first tranche of its previously announced upsized private placement financing of $2 million. The Offering was originally announced on Dec. 1, 2021 to raise gross proceeds of up to C$1.5 million, and, due to oversubscriptions, the Offering was subsequently upsized to raised gross proceeds of up to C$2 million as announced on January 4, 2022. Under the [...]

Kainantu Resources Ltd. is pleased to announce an increase of its private placement financing to raise up to C$1.5 million due to oversubscriptions. The Original Offering was announced on Dec. 1, 2021, and the Company is now announcing an increase to the Original Offering to raise gross proceeds of up to C$2 million. Under the Offering, all terms of the Original Offering remain the same, provided that the Company intends [...]

Kainantu Resources Ltd. is pleased to announce a financing to raise up to C$1.5 million. Specifically, KRL announces a non-brokered private placement for up to 8,333,333 units of the Company at a price of C$0.18 per Unit for aggregate gross proceeds of up to C$1,500,000. Each Unit will be comprised of one common share of the Company and one common share purchase warrant, with each Warrant being exercisable for one Common [...]

Kainantu Resources Ltd. is pleased to report the filing of its third interim results for the period ending September 30, 2021, a copy of which is available for review on the Company's website. Key aspects to report over the period include: KRL South: continued progress during Q3: At the East Avaninofi Prospect: strong correlations of Au with Ag, Cu, Mo, and As; plus samples revealing elevated values of Bi, Te, and W [...]

Kainantu Resources is pleased to provide the following update on its ongoing exploration programmes at KRL South for Q2 and Q3 2021, its highly prospective project located in the Kainantu region of Papua New Guinea. Highlights At KRL South, mapping, modelling and sampling has continued during the Period, with a focus on the East Avaninofi Prospect and Yaoro Ridge Prospect. The East Avaninofi Prospect has delivered [...]

Kainantu Resources Ltd. is pleased to announce the results from its annual general meeting of shareholders virtually held on October 20, 2021. Shareholders voted as follows on the matters before the Meeting. Election of Directors All four of the nominees listed in KRL's management information circular dated September 23, 2021, that were proposed by management for election to the board of directors at the Meeting were duly [...]

Kainantu Resources Ltd. provides an update on completion steps to acquire control of the May River Project in the world-renowned copper-gold district of Frieda River, Papua New Guinea. Background In a press release dated June 15, 2021, KRL announced the execution of two definitive agreements to acquire control of the May River Project through the acquisition of two unrelated holding companies: Hardrock Limited and [...]

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, 2021, a copy of which is available for review on the Company's website. Given the Company's transition to a calendar reporting cycle, the interim results are presented for a 7 month period on this occasion. Key aspects to report over the period include [...]