Business
KAINANTU RESOURCES EXTENDS CLOSING OF THIRD TRANCHE OF ITS PREVIOUSLY ANNOUNCED C$1.8 MILLION CONVERTIBLE DEBENTURE FINANCING
KAINANTU RESOURCES EXTENDS CLOSING OF THIRD TRANCHE OF ITS PREVIOUSLY ANNOUNCED C$1.8 MILLION CON...
About this update from South Pacific Metals Corp.
[{"type":"text","content":"\n \n \n \n KAINANTU RESOURCES EXTENDS CLOSING OF THIRD TRANCHE OF ITS PREVIOUSLY ANNOUNCED C$1.8 MILLION CONVERTIBLE DEBENTURE FINANCING\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; TEXT-ALIGN: CENTER; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt solid\n}\n.prngen1{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt solid\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION, DISSEMINATION, DIRECTLY OR INDIRECTLY IN OR INTO\n \n THE UNITED STATES\n \n /\n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 25, 2023\n \n \n /CNW/ - Kainantu Resources Ltd. (TSXV: KRL) (FSE: 6J0) (\"KRL\" or the \"Company\"), the\n \n Asia-Pacific\n \n focused gold mining company, announces an extension to close the third and final tranche of its private placement financing of\n \n C$1.8 million\n \n (the \"Offering\"), originally announced on\n \n May 30, 2023\n \n .\n \n \n \n \n \n \n \n \n \n In the first tranche of the Offering, the Company has issued an aggregate of 6,289,551 senior convertible debentures (the \"First Tranche Debentures\") at a price of\n \n C$0.08\n \n per First Tranche Debenture to raise gross proceeds of\n \n C$503,164.06\n \n originally announced on\n \n June 22, 2023\n \n .\n \n \n In the second tranche of the Offering, the Company has issued an aggregate of 3,710,449 senior convertible debentures (the \"Second Tranche Debentures\") at a price of\n \n C$0.08\n \n per Second Tranche Debenture to raise gross proceeds of\n \n C$296,835.94\n \n originally announced on\n \n July 18, 2023\n \n .\n \n \n A final tranche of the Offering of up to an additional approximately\n \n C$1.0 million\n...