Kainantu Resources Announces Appointment of Director
Kainantu Resources Announces Appointment
of Director
VANCOUVER, BC
,
Sept. 18, 2023
/CNW/ - Kainantu Resources Ltd. ("KRL" or the "Company")
(TSXV: KRL) (FSE: 6J0) is 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, agriculture, and technology
sectors.
His expertise spans M&A, debt and equity fund raising, business strategy, corporate governance,
and investor relations. He has been self-employed as president and director of Oceanside
Strategies Inc., an investment holding company since 2013, and a partner and director of Oceanside
Group, a firm providing corporate finance consulting services to private and public companies since
2019.
Mr. Currie is also a director of Intertidal Capital Corp. (TIDE.P TSX-V) and Wittering Capital Corp.
(WITT.P TSX-V), both are capital pool companies listed on the TSX Venture Exchange. Prior to this,
Mr. Currie was an investment advisor with
Vancouver
-based brokerage firms including Haywood
Securities Inc. Mr. Currie has obtained his Professional Financial Planner designation with the
Canadian Securities Institute.
Matthew Salthouse
, CEO of KRL, commented:
"We are pleased to announce the appointment of Dain to our board of directors. He brings a wealth
of expertise and a proven track record of success in working with junior miners in raising capital
and building value. Dain has been an active supporter of KRL since listing in 2020 and we look
forward to his contribution to our board and KRL as we continue to drive initiatives for growth."
About KRL
Kainantu Resources 'KRL' is an
Asia-Pacific
focused gold mining company with four highly
prospective gold-copper projects, Kili Teke\, 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 near the world-renowned Frieda River
Copper-Gold Project, with historical drilling indicating the potential for significant copper-gold
projects.
Kili Teke
is an advanced development project with an existing NI43-101 compliant inferred
mineral resource 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/
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), Stacey Halliwell, GM - Investor Relations (Tel: + 65 9759 9915), Email:
CO: Kainantu Resources Ltd.
CNW 16:30e 18-SEP-23