Kainantu Resources Appoints Chief Geologist; Updates on Q1 2022 MD&A & Financials Release Date

About this update from South Pacific Metals Corp.

[{"type":"text","content":"\n \n \n \n Kainantu Resources Appoints Chief Geologist; Updates on Q1 2022 MD&A & Financials Release Date\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n Kainantu Resources Appoints Chief Geologist; Updates on Q1 2022 MD&A & Financials Release Date\n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 16, 2022\n \n \n /CNW/ - Kainantu Resources Ltd. (\"KRL\" or the \"Company\") (TSXV: KRL) (FSE: 6J0) is pleased to announce the appointment of Mr.\n \n Nick Franey\n \n as Chief Geologist.\n \n \n \n \n \n \n \n \n \n \n Chief Geologist Appointment\n \n \n \n Mr Franey has over 40 years of exploration and project development experience, having served in senior roles with a number of well-established mining companies such as Anglo American Plc and OceanaGold Corporation, in addition to other successful small cap juniors.  Mr Franey has a broad range of experiences in mining projects at all stages with a particular focus on early—mid stage gold and base metals exploration projects in developing regions.\n \n \n \n Nick Franey\n \n oversaw activities leading to\n \n Anglo American's\n \n discovery of a SEDEX zinc deposit near McArthur River, a high-grade nickel deposit in Australia.  He was also a driving force behind\n \n Anglo American's\n \n targeting of Cu-Au porphyry projects in\n \n Papua New Guinea\n \n (\"PNG\"). In recent years, Mr Franey has worked as an Exploration Management Consultant, and has been part of the teaching faculty at James Cook University, delivering the Business and Financial Management module as part of the Master of Ore Deposit Geology.\n \n \n \n Q1 2022 MD&A and Financials Release Date\n \n \n \n KRL expects to release the Company's MD&A and Financial Statements by\n \n May 30\n \n , 2022.\n \n \n Following the successful completion of the private placement in\n \n January 2022\n \n of\n \n C$2.77 million\n \n , the Company's closing cash position plus non-trade receivables on\n \n March 31, 2022\n \n was\n \n C$2.07 million\n \n , net of one-off costs associated wi...

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