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Kainantu Resources: PNG Mining Minister's Endorsement; Grant of Stock Options
Kainantu Resources: PNG Mining Minister's Endorsement; Grant of Stock Options C...
About this update from South Pacific Metals Corp.
[{"type":"text","content":"\n \n \n \n Kainantu Resources: PNG Mining Minister's Endorsement; Grant of Stock Options\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 \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 23, 2020\n \n /CNW/ - Kainantu Resources Ltd. (TSXV: KRL) (\"KRL\" or the \"Company\"), the\n \n Asia-Pacific\n \n focused gold exploration company, is pleased to acknowledge the support and recognition of the\n \n Papua New Guinea\n \n (\"PNG\") Minister of Mining, the Hon.\n \n Johnson Tuke\n \n .\n \n \n \n Minister's Endorsement\n \n \n \n In his\n \n press release\n \n dated\n \n December 18, 2020\n \n , the Minister noted the proactive approach KRL has taken in working with the people of PNG in developing a new mining venture in the world renowned Kainantu region.\n \n \n Amongst other aspects, the Minister noted:\n \n \n \n \"I am also encouraged by the community stakeholder support in Kainantu for KRL as seen at recent Warden's hearings in the district.  It gives me great pride as the local member to see the community working with KRL to support their efforts, which will generate further investment in the Kainantu region over time.\"\n \n \n \n \n \n Matthew Salthouse\n \n , CEO of KRL, commented:\n \n \n \n \n \"KRL is pleased to receive the support of the Mining Minister, the Hon.\n \n Johnson Tuke\n \n , and the Mineral Resource Authority for our team's work in listing our highly prospective gold exploration project on the TSX-V.  We continue to collaborate closely with our PNG stakeholders, especially in the Kainantu region.\n \n \n \n \n Building enduring community support will remain a key focus for KRL management as we advance our exploration programme and broader regional strategy.\"\n \n \n \n \n Stock Options\n \n \n \n The Company also announces the grant of 4,105,000 stock options that are exercisable for a period of five years at a price of\n \n C$0.21\n \n per share to various officers, directors, and consultants. The options will be subject to vesting over two years. The granting of stock options is par...