Kainantu Resources Announces Change of Auditor
Kainantu Resources Announces Change of
Auditor
VANCOUVER, B.C.
,
Sept. 16, 2022
/CNW/ - Kainantu Resources Ltd. (TSXV: KRL) ("KRL" or the
"Company"), the
Asia-Pacific
focused gold exploration company, announces that it has changed
auditors from Davidson & Company LLP ("Davidson & Company") to Smythe LLP ("Smythe"),
effective
September 16, 2022
.
At the request of the Company, Davidson & Company has resigned as of the effective date of
September 15, 2022
. Smythe has been appointed as the successor auditor. In accordance with
National Instrument 51–102 -
Continuous Disclosure Obligations
("NI 51–102"), the Company has
filed a Notice of Change of Auditor on SEDAR together with letters from both Davidson & Company
and Smythe, with each letter confirming agreement with the statements contained in the notice, as
applicable. There were no reportable events (as defined in NI 51–102) between Davidson &
Company and the Company.
About Kainantu Resources Limited (KRL)
Kainantu Resources '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.
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:
Enquiries: 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]; Investor Relations (Gemini Capital): Kevin Shum,
Tel: +1 212 219 4670 (702), Email: [email protected]
CO: Kainantu Resources Ltd.
CNW 17:40e 16-SEP-22