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 [...]
Kainantu Resources Ltd. , the Asia-Pacific focused gold mining company, is pleased to report the filing of its interim results for the 3 months ending March 31, 2023, a copy of which is available for review in the "Investors" section of the Company's website. Key aspects to report over the period include the following : Financial Update and Highlights ongoing prudent management of capital resources continued in Q1 2023 [...]
Kainantu Resources Ltd. , the Asia-Pacific focussed gold mining company, is pleased to announce subscriptions and/or commitments for C$1,400,000 for the Company's offering of a non-brokered private placement of Senior Convertible Debentures, also known as Convertible Promissory Notes . Under the Offering, KRL holds subscriptions for C$1,400,000, which is sufficient for the Company's current initiatives. The Offering [...]
Kainantu Resources Ltd. , the Asia-Pacific focused gold mining company, is pleased to report the filing of its annual results for the fiscal year ending December 31, 2022, a copy of which is available for review in the investor section of the Company's website. Key aspects to report from a financial perspective over the fiscal period ending December 31, 2022 include: prudent management of the Company's balance sheet and [...]
Kainantu Resources Ltd. , the Asia-Pacific focussed gold mining company, is pleased to announce the Company has received approval from the TSX Ventures Exchange for our recent transaction as announced on April 3, 2023. As a result, the Company has issued 18,000,000 common shares to the vendors as compensation for the transaction on April 13, 2023. This is a significant milestone for our Company, as it represents a step [...]
Kainantu Resources Ltd. , the Asia-Pacific focussed gold mining company, is pleased to announce that it has agreed to terms for the acquisition of the remaining 90% interest in the May River Project from the Hardrock Limited vendors. Further to the announcement of February 15, 2023, KRL has completed negotiations with Hardrock on terms favourable to all parties under a Share Sale Agreement , whereby KRL will issue shares [...]
Kainantu Resources Ltd. , the Asia-Pacific focussed gold mining company, is pleased to announce encouraging initial results from the Ontenu Prospect at KRL South . The KRL South claims are located 27 km southwest of the K92 Mining operations and are also situated on the Kainantu Transfer Structure. Key Highlights: Geochemical analysis completed from H2 2022 initial field work at the Ontenu Prospect at KRL South [...]
VANCOUVER, BC, Feb. 15, 2023 /CNW/ - Kainantu Resources Ltd. , the Asia-Pacific focused gold mining company, is pleased to provide an update on the May River Project . In consultation with stakeholders, the Company is considering options to acquire 100% of the project on favourable terms in the near term. In the interim, the Company provides an update on technical work completed at the May River project. Highlights A [...]
Kainantu Resources Ltd. , the Asia-Pacific focused gold mining company, is pleased to announce that it has closed the final tranche of its previously announced private placement financing of C$2.5 million , originally announced on October 19, 2022. As previously announced, under the first tranche of the Offering, the Company has issued an aggregate of 15,635,790 units of the Company at a price of C$0.11 per Unit to raise [...]
