VANCOUVER, BC, Oct. 21, 2021 /CNW/ - Kainantu Resources Ltd.
(TSXV: KRL) (FSE: 6J0) ("KRL" or the "Company"), the Asia-Pacific focused gold mining company is
pleased to announce the results from its annual general meeting of
shareholders (the "Meeting") virtually held on October 20, 2021. Shareholders voted as follows
on the matters before the Meeting.
Election of Directors
All four (4) of the nominees listed in KRL's management
information circular dated September 23,
2021, that were proposed by management for election to the
board of directors at the Meeting were duly elected. The directors
will remain in office until the next annual meeting of the
Company's shareholders or until their successors are elected or
appointed.
The results of the vote on the election of the directors at the
Meeting are as follows:
Nominee
|
For
|
%
For
|
Withheld
|
%
Withheld
|
Matthew
Salthouse
|
32,294,351
|
100
|
0
|
0
|
Marcus
Engelbrecht
|
32,294,351
|
100
|
0
|
0
|
Geoff
Lawrence
|
32,294,351
|
100
|
0
|
0
|
David
Loretto
|
32,294,351
|
100
|
0
|
0
|
Appointment of Auditors
Shareholders reappointed Davidson & Company LLP as auditor
of the Company for the upcoming year and authorized the directors
of the Company to fix the remuneration of the auditor.
Approval of Stock Option Plan
The Company's incentive stock option plan, and amendments
thereto, were approved by shareholders with 100% of shares
represented at the Meeting voting in favour.
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
mineralisation, 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/
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.
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.
SOURCE Kainantu Resources Ltd.