Kincora Announces Shareholder Meeting Results
Vancouver, British Columbia — September 27th, 2023
Kincora Copper Limited (the “Company”, “Kincora”) (TSXV:KCC) is pleased to announce the results of voting at its Annual General and Special Meeting (“AGM” or the “Meeting”) on September 26, 2023 at 4pm PST held by hybrid meeting with webcast from Vancouver, Canada. All matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, dated August 17, 2023, were approved by the requisite majority of votes cast at the Meeting with 38.37% of shareholder proxies returned.
Details of the resolutions are provided below.
This announcement has been authorised for release by the Board of Kincora Copper Limited.
By order of the Board of Directors:
Cameron McRae, Chairman [email protected] or +1 604 283 1722
Kincora Copper Limited (ARBN 645 457 763)
Executive office Canada Subsidiary office Australia
400 – 837 West Hastings Street Vista Australia Vancouver, BC V6C 3N6, Canada Level 4, 100 Albert Road Tel: 1.604.283.1722 South Melbourne, Victoria 3205 Fax: 1.888.241.5996 Tel: +613 9692 7222
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.
Kincora Announces Shareholder Meeting Results (September 26th, 2023) 1
AGM details Audited Annual Report
Shareholders received and considered the Financial Statements for the financial year ended December 31, 2022 and the report of the auditor thereon.
Number of Directors 59.73% For Shareholders approved retaining the number of directors at five (5).
Election of Directors
Shareholders voted in favour of Kincora’s management’s nominees to the board of directors: Jonathan (Sam) Spring (99.71% For), Ray Nadarajah (99.79% For), John Holliday (99.81% For), Luke Murray (99.81% For) and Cameron McRae (99.79% For).
Auditor Re-Appointed 99.97% For Dale Matheson Carr-Hilton Labonte (“DMCL”) LLP was re-appointed Auditor of the Company to hold office until the next AGM or until its successor is duly appointed, and the directors were authorized to fix the Auditor’s remuneration.
Ratification of Prior Issuance of Placement Shares 99.52% For Shareholders passed an ordinary resolution to ratify the issuance prior placement shares as described in the Information Circular.
Options and Broker Options 99.65% For Shareholders passed an ordinary resolution to ratify the issuance of placement and broker options relating to prior placement shares as described in the Information Circular.
Issuance of RareX Consideration Shares 99.74% For Shareholders passed an ordinary resolution to issue share consideration to RareX Limited as described in the Information Circular.
Share Capacity 99.79% For Shareholders passed a special resolution re-approving the capacity to issuance up to an additional 10% capital over a 12 month period pursuant to ASX Listing Rule 7.1A as described in the Information Circular.
Equity Incentive Plan 99.70% For Shareholders passed an ordinary resolution re-approving of the existing equity incentive plan as amended as described in the Information Circular.
Shares for Services Agreement 99.81% For Shareholders passed an ordinary resolution re-approving of the existing shares for services agreements as described in the Information Circular.
Kincora Announces Shareholder Meeting Results (September 26th, 2023) 2