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.