Kainantu Resources Reports Filing of Fiscal 2020 Results
Kainantu Resources Reports Filing of Fiscal
2020 Results
VANCOUVER, BC
,
March 30, 2021
/CNW/ - Kainantu Resources Ltd. (TSXV: KRL) ("KRL" or the
"Company"), is pleased to report the filing of its annual and fourth quarter results for the fiscal year
ending
November 30, 2020
("Results").
It is noted that the Results are for the period ending immediately prior to the closing of the qualifying
transaction ("Transaction"), where PLB Capital Corporation ("PLB") acquired all of the issued and
outstanding shares of Kainantu Resources Pte Ltd ("KRPL"). PLB was also renamed Kainantu
Resources Ltd., contemporaneous with closing the Transaction.
In accordance with continuous disclosure obligations, the Company has also published the financial
accounts for KRPL for the fiscal year ending
November 30, 2020
.
Subject to obtaining necessary approvals, in due course the Company intends to adopt a
December
31
, or calendar, year-end for reporting financial results (with quarterly reporting to be adjusted
accordingly).
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 mineralization, 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/
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 Co-ordinator (Tel: + 61 450 969 697), Email:
[email protected]; IR / Financial PR: Camarco, Gordon Poole / Nick Hennis, Tel: +44(0) 20 3757
4980
CO: Kainantu Resources Ltd.
CNW 15:10e 30-MAR-21