Kainantu Resources Announces Annual General Meeting Voting Results
Kainantu Resources Announces Annual
General Meeting Voting Results
VANCOUVER, BC
,
Oct. 21, 2021
/CNW/ - Kainantu Resources Ltd. (TSXV: KRL) (FSE: 6J0)
("KRL" or the "Company"), the
Asia-Pacific
focused gold mining company is pleased to announce the
results from its annual general meeting of shareholders (the "Meeting") virtually held on
October 20,
2021
. Shareholders voted as follows on the matters before the Meeting.
Election of Directors
All four (4) 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 elected. The directors will remain in office until the next annual meeting of the Company's
shareholders or until their successors are elected or appointed.
The results of the vote on the election of the directors at the Meeting are as follows:
Nominee
For
% For
Withheld
% Withheld
Matthew Salthouse
32,294,351
100
0
0
Marcus Engelbrecht
32,294,351
100
0
0
Geoff Lawrence
32,294,351
100
0
0
David Loretto
32,294,351
100
0
0
Appointment of Auditors
Shareholders reappointed Davidson & Company LLP as auditor of the Company for the upcoming
year and authorized the directors of the Company to fix the remuneration of the auditor.
Approval of Stock Option Plan
The Company's incentive stock option plan, and amendments thereto, were approved by
shareholders with 100% of shares represented at the Meeting voting in favour.
About KRL
KRL is an
Asia-Pacific
focused gold mining company with two highly prospective gold projects, KRL
South and KRL North, in a premier mining region, the high-grade Kainantu Gold District of PNG. Both
of KRL's projects show potential to host high-grade epithermal and porphyry mineralisation, as seen
elsewhere in the district. KRL has a highly experienced board and management team with a proven
track record of working together in the region; and an established in-country partner.
For further information please visit
https://kainanturesources.com/
Disclaimer and Forward-Looking Information
Statements contained in this release that are not
historical facts are forward-looking statements that involve various risks and uncertainty affecting
the business of KRL. In making the forward-looking statements, KRL has applied certain
assumptions that are based on information available, including KRL's strategic plan for the near
and mid-term. There can be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking information. KRL does
not undertake to update any forward-looking information, except in accordance with applicable
securities laws.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of
the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
SOURCE
Kainantu Resources Ltd.
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http://www.newswire.ca/en/releases/archive/October2021/21/c0387.html
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For further information:
Enquiries: Kainantu Resources, Matthew Salthouse, Chief Executive
Officer (Tel: + 65 8318 8125), Callum Jones, Corporate Development Co-ordinator (Tel: + 61 450
969 697), Email: [email protected]|
CO: Kainantu Resources Ltd.
CNW 09:00e 21-OCT-21