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.