KAINANTU RESOURCES EXTENDS CLOSING ON PRIVATE PLACEMENT OF SENIOR CONVERTIBLE DEBENTURE

VANCOUVER, BC, June 12, 2023 /CNW/ - Kainantu Resources Ltd. (TSXV:KRL.VN) (FSE:6J0) ("KRL" or the "Company"), the Asia-Pacific focussed gold mining company is extending the previously announced private placement (the "Private Placement") of senior convertible debentures (the "Debentures") to close on June, 16, 2023. The Private Placement which was originally announced on May 30, 2023.