Kincora grants incentive options and shares
Vancouver, BC — April 29th, 2020
Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) announces that following the Company’s annual remuneration review, certain annual bonuses have been awarded to management of the Company, a portion of which will be satisfied through the issuance of an aggregate of 1,973,800 common shares at a deemed price of $0.10 per share, subject to the approval of the TSX Venture Exchange. The shares, when issued, will be subject to a four month hold period from the date of issuance, and further subject to certain vesting provisions. In addition, Kincora has granted 712,866 options to directors and officers of the Company, of which 356,433 are exercisable at $0.11 per share for a period of two years and 356,433 are exercisable at $0.25 per share for a period of three years. The Company has granted an additional 2,273,004 stock options to various directors, officers, employees and consultants of the Company exercisable at a price of $0.085 for a period of three years.
For further information:
Ray Nadarajah, Chairman of the Remuneration Committee [email protected] or +1 604 283 1722
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.
www.kincoracopper.com [email protected]