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.