Kainantu Resources is pleased to announce that it has closed the first tranche of its previously announced private placement financing of C$2,000,000, originally announced on Nov 23, 2023. Under the first tranche of the Offering, the Company has issued an aggregate of 87,500,000 common shares of the Company at a price of C$0.02 per Share to raise gross proceeds of C$1,750,000. The Common Shares issued pursuant to the Offering are subject to a statutory hold period of approximately four months ending on April 23, 2024, in accordance with applicable securities law. A second and final tranche of the Offering of up to an additional approximately C$250,000 remains open and is expected to close in January 2024. The net proceeds of the Offering will be used as follows: ...