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.