Kainantu Resources Ltd. announced a private placement of up to 100,000,000 common shares at a price of CAD 0.02 per common share for gross proceeds of up to CAD 2,000,000 on November 23, 2023. The shares issued under the offering will be subject to restrictions on resale for a period of four months from the date of issue. The company may pay a finder's fee in cash and/or share purchase warrants in connection with the offering.