Kainantu Resources Announces Annual General Meeting Voting Results
Kainantu Resources Announces Annual
General Meeting Voting Results
VANCOUVER, BC
,
Nov. 17, 2022
/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
November
16, 2022
. 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
October 20,
2022
, 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
31,605,223
99.89
34,500
0.11
Marcus Engelbrecht
31,605,223
99.89
34,500
0.11
Geoff Lawrence
31,605,223
99.89
34,500
0.11
David Loretto
31,605,223
99.89
34,500
0.11
Appointment of Auditors
Shareholders appointed Smythe 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 99.88% of shares represented at the Meeting voting in favour.
About Kainantu Resources (KRL)
KRL is an
Asia-Pacific
focused gold mining company with three highly prospective gold-copper
projects, KRL South, KRL North and the May River Project. All projects are located in premier
mining regions in PNG. Both KRL North and KRL South show potential to host high-grade epithermal
and porphyry mineralisation, as seen elsewhere in the high-grade Kainantu Gold District. The May
River project is in close proximity to the world-renowned Frieda River Copper-Gold Project, with
historical drilling indicating the potential for significant copper-gold projects. 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. KRL recently executed an agreement to acquire the
Kili Teke project in the western highlands of PNG.
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.
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.
SOURCE
Kainantu Resources Ltd.
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For further information:
Kainantu Resources, Matthew Salthouse, Chief Executive Officer (Tel: +
65 8318 8125); Callum Jones, Corporate Development & Commercial Associate (Tel: + 61 450 969
697), Email: [email protected]
CO: Kainantu Resources Ltd.
CNW 09:00e 17-NOV-22