Kincora Announces Annual General and Special Meeting Results
Vancouver, BC – July 13th, 2016 – Kincora Copper Limited (TSX.V: KCC) (“Kincora” or the “Company”) is pleased to announce the results of its Annual General and Special Meeting held July 12, 2016.
Shareholders have passed all resolutions for the Company and elected Jonathan (Sam) Spring, Eric Zurrin, Luke Leslie, and Duchintav Khojgor as directors of Kincora for the upcoming year. Further to its news release July 4, 2016, the Company is advancing a wider review of the Board and team, which will be announced in due course, encompassing the previously announced private placement and expectation of resuming exploration activities across an enlarged license portfolio.
"Shareholder approval has been provided to consolidate the Company’s share capital which is a key requirement to facilitate the closing of the non-brokered private placement, the Ibex transaction and Origo loan note conversion," said Sam Spring, Kincora’s President and CEO.
"Firm commitments are in place to ensure the financial requirements of the Origo loan note conversion into equity alongside the private placement and the transaction with the Ibex subsidiaries are satisfied. Post shareholder approval, Kincora is now also in a position to recapitalize its balance sheet, streamline its corporate structure and resume certain field season activities as certain Mongolian processes and related approvals continue to progress relating to the Ibex transaction."
About Kincora
Kincora Copper Limited. is a junior resource company engaged in the acquisition, exploration and development of mineral properties, with a focus on copper-gold projects in Mongolia.
For further information on the Company, please visit www.kincoracopper.com and refer to its corporate presentation http://kincoracopper.com/investors/corporate-presentation.
Kincora currently has 314,124,452 issued and outstanding common shares.
For further information, please contact:
Sam Spring, President and Chief Executive Officer [email protected] +61431 329 345 http://www.kincoracopper.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
800 – 1199 West Hastings Street, Vancouver, BC V6E 3T5 - phone +1 604 283 1722 - fax +1 888 241 5996