Kainantu Resources Ltd (TSX-V:KRL) said it has appointed Martin Cooper as the company’s acting chief financial officer (CFO), with immediate effect.
The company noted that Cooper has over 35 years of experience in finance including over 20 years as Group CFO of various public companies listed on the Australian, UK and Norwegian stock exchanges. In addition, he spent one year as CEO of REC, a US$600 million revenue solar panel manufacturer.
It added that Bart Lendrum, the company’s outgoing CFO will leave the company in the near future to pursue other opportunities; while ensuring a seamless handover to Cooper in the meantime.
In a statement, Matthew Salthouse, CEO of Kainantu Resources, commented: "Mr. Cooper brings significant Asian-focused corporate experience to KRL. As Acting CFO, he will work closely with me in executing strategies and initiatives to fund our growth programme.”
He added: “KRL also acknowledges the significant contribution of outgoing CFO, Bart Lendrum, to KRL from its establishment through to listing and the activities to fund and build a portfolio of considerable intrinsic value."
Kainantu Resources is an Asia-Pacific-focused gold mining company with four highly prospective gold-copper projects, the Kili Teke Project, KRL South, KRL North and the May River Project. All projects are located in premier mining regions in Papua New Guinea (PNG).
Contact the author at jon.hopkins@proactiveinvestors.com