Kainantu Resources Appoints Acting Chief Financial Officer
Kainantu Resources Appoints Acting Chief
Financial Officer
VANCOUVER, BC
,
July 4, 2023
/CNW/ - Kainantu Resources Ltd. (TSXV: KRL) ("KRL" or the
"Company"), the
Asia-Pacific
focused gold mining company, is pleased to announce the appointment
of Mr.
Martin Cooper
as Acting Chief Financial Officer (CFO), 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 years as Group CFO of various
public companies listed on the Australian, UK and Norwegian stock exchanges. In addition, he spent
one year as CEO of REC, a
US$600 million
revenue solar panel manufacturer.
Over a long career, Mr. Cooper has developed a broad suite of skill sets of immediate benefit to
KRL, with substantial experience in raising debt and equity. In addition, he has strong credentials in
mergers and acquisitions, corporate governance and risk management; especially for fast growth
companies operating in the Asian region.
Mr. Cooper is a Fellow of the Institute of Chartered Accountants England &
Wales
, having qualified
with Deloitte in 1990 and has an MBA from Henley Management College.
The Company also takes this opportunity to acknowledge the hard work and contribution of Mr.
Bart
Lendrum
, the outgoing CFO; including taking a leading role in the development of the finance function
since inception of KRL in 2020. Mr. Lendrum will leave KRL in the near future to pursue other
opportunities; while ensuring a seamless handover to Mr. Cooper in the meantime.
Matthew Salthouse
, CEO of KRL, commented:
"Mr. Cooper brings significant Asian focused corporate experience to KRL. As Acting CFO, he will
work closely with me in executing strategies and initiatives to fund our growth programme.
KRL
also acknowledges the significant contribution of outgoing CFO,
Bart Lendrum
, to KRL from its
establishment through to listing and the activities to fund and build a portfolio of considerable
intrinsic value."
About KRL
Kainantu Resources 'KRL' is an
Asia-Pacific
focused gold mining company with four highly
prospective gold-copper projects, the Kili Teke Project, 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.
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 Associate (Tel: + 61 450 969
697), Email: [email protected]; Corporate Advisor (Jemini Capital): Kevin Shum, Tel: +1 212 219
4670 (702), Email: [email protected]
CO: Kainantu Resources Ltd.
CNW 06:00e 04-JUL-23