Kincora announces AGM concurrent with Discover Mongolia investor forum Annual General Meeting set for September 26 th , 2019 Discover Mongolia investor forum September 27 th , including accompanying site visits to key projects
Kincora announces AGM concurrent with
Discover Mongolia investor forum
Annual General Meeting set for
September 26
th
, 2019
Discover
Mongolia
investor forum
September 27
th
, including accompanying site visits to key
projects
VANCOUVER
,
July 26, 2019
/CNW/ - Kincora Copper Ltd. (the "
Company
", "
Kincora
") (TSXV:KCC)
announces the Annual General Meeting of Shareholders will be held at the Shangri-La Hotel, 19
Olympic Street, Sukhbaatar District-1, Ulaanbaatar 14241 Mongolia, on
September 26
th
, 2019 at
7.30 a.m.
, local time (ULAT), (the "
Meeting
").
The Meeting will be concurrent with the 17
th
annual Discover Mongolia conference on
September
27
th
, 2019 at the Shangri-La Hotel ("
Discover
Mongolia
"). Discover
Mongolia
is the leading
international mining and exploration investors' forum held in
Mongolia
. Discover
Mongolia
will include
a one day conference, providing unique access to key government and private sector stakeholders
both at the conference itself and associated other events including proposed site visits to key
exploration and mining projects.
Kincora Annual General Meeting
The Meeting's has been called for the following purposes:
1. To receive the audited financial statements of the Company for its fiscal year ended
December
31, 2018
, the report of the auditor thereon and the related management discussion and analysis;
2. To set the number of directors at five;
3. To elect directors of the Company for the ensuing year;
4. To re-appoint Dale Matheson Carr-Hilton Labonte LLP, as the auditors of the Company for the
ensuing year and authorize the directors to fix the remuneration of the auditor;
5. To re-approve the 10% rolling stock option plan;
6. To approve the deemed re-pricing of 2,596,627 director stock options
1
(as announced
June 18
th
,
2019);
7. To approve the one-off share award to the Company's President & CEO
1
(as announced
June
18
th
, 2019);
8. To approve updated shares for service agreements for directors and key senior management
1
;
and,
9. To transact such other business as may properly come before the Meeting.
1
As announced on
June 18
th
, 2019, the Company has completed a comprehensive remuneration
review to better align, incentivize and retain the board and technical and management teams, and
ensure contributions to the Company, both past and present, have been recognised ("
Remuneration
Review
").
Full details of the Remuneration Review will be provided in the Meeting's accompanying
Management Information Circular that will be available on Kincora's website (
https://www.kincoracopper.com/investors/agm-materials
).
The Board of Directors has fixed
August 26
th
, 2019, as the record date for determining the
shareholders entitled to receive notice of and vote at the Meeting.
Shareholders unable to attend the Meeting in person are requested to read the enclosed Information
Circular and Proxy (or Voting Instruction Form, a "VIF") and then complete and deposit the Proxy or
VIF in accordance with its instructions. Unregistered shareholders must deliver their complete Proxy
or VIF in accordance with the instructions given by their financial institution or other intermediary that
forwarded it to them.
By order of the Board of Directors:
Cameron McRae
, Chairman
or +1 604 283 1722
Discover
Mongolia
investor forum
The 17
th
annual Discover Mongolia conference will be held on
September 27
th
, 2019, at the Shangri-
La Hotel, and is organized by the Ministry of Mining and Heavy Industry (
"Mining Ministry"
), the
Business Counsel of
Mongolia
(
"BCM"
) and the Mongolian National Mining Association (
"MNMA"
).
Delegates and speakers of Discover Mongolia benefit from unparalleled networking opportunities
and access to various Mongolian and international players in
Mongolia's
mining sector. A wider
investor forum is included around the conference itself. This includes a one-day investor tour of key
public sector institutions and high level decision makers from the Government of
Mongolia
and Mining
Ministry, separate public and private sector workshops will be lead by the BCM, and site visits made
available to key exploration and mining projects, including Kincora's.
For further information on the Discover Mongolia investor form please refer to:
https://discovermongoliaforum.com
About Kincora Copper Limited (KCC – TSXV)
Kincora operates in the Gobi copper belt of South Mongolia. It has a dominant land position and is
undertaking the first modern systematic district scale exploration, centred on the Bronze Fox and
East Tsagaan Suvarga ("ETS") porphyry projects. This wholly owned portfolio has attracted a first-
class technical team who are credited with multiple discoveries of Tier 1 copper deposits.
Reinterpretation of existing data (incl. relogging & block model analysis of over
24,000m
of drilling at
Bronze Fox), the acquisition of additional geophysical data (Induced Polarization, gravity &
magnetics at both projects) and first phase drilling at ETS since late 2016 under the current technical
team has advanced both projects significantly, resulting in new and large geological targets.
All data has been iteratively interpreted in a technically rigorous workshop format by the Kincora in-
house technical team with appropriate involvement of specialist consultants and advisors to the
technical committee. This has ensured that quality targets have been identified and prioritised for
drilling, with a detailed multiple target, multiple phase drill programs budgeted at Bronze Fox and
ETS. These programs are fully permitted and now funded.
These targets sit in the "
target testing
" to "
advanced drilling
" phases of projects development, which
for copper porphyries offers the maximum uplift in project (and shareholder) value. These targets,
for their respective stages of exploration, are considered
"as good as you get within a global
setting"
. Confirmation of our geological models with positive results from the proposed drilling have
the potential to demonstrate, and in time, elevate both projects to Tier 1 or world-class status
1
.
In Jun'19, Kincora closed an oversubscribed
$6.25m
offering, cornerstoned by two large specialist
natural resource institutional investors, funding a 12-month work program supporting high priority
drilling for up to 18,000 metres and ongoing expansion plans.
For further information:
www.kincoracopper.com
June 2019
corporate presentation:
www.kincoracopper.com/investors/presentations
Exploration strategy 2019:
www.kincoracopper.com/about-us/exploration-strategy-2019
"Introduction to
Mongolia
"
presentation:
www.kincoracopper.com/investors/mongolia
1
Kincora recognises that the terms "
World Class
" or "
Tier 1"
are subjective and our targets are
conceptual in nature, yet to be supported by drilling results to support an sufficient understanding of
their potential grade or scale, let alone potential economics that are commonly associated with such
terms. However, both the Bronze Fox and East TS projects have complementary geological and
geophysical characteristics, with significant target zone potential and are in known mineralised
systems in a proven prolific but underexplored copper porphyry belt. It is the view of Kincora that
confirmation of our geological models with positive results from the proposed drilling have the
potential to demonstrate, and in time, elevate both projects to Tier 1 or world-class status.
Qualified Person
The scientific and technical information in this news release was prepared in accordance with the
standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-
101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and was reviewed, verified and
compiled by Kincora's geological staff under the supervision of
Peter Leaman
, Senior Vice-President
of Exploration of Kincora Copper, who is the Qualified Person for the purpose of NI 43-101.
Forward-Looking Statements
Certain information regarding Kincora contained herein may constitute forward-looking statements
within the meaning of applicable securities laws. Forward-looking statements may include estimates,
plans, expectations, opinions, forecasts, projections, guidance or other statements that are not
statements of fact. Although Kincora believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such expectations will prove to have been
correct. Kincora cautions that actual performance will be affected by a number of factors, most of
which are beyond its control, and that future events and results may vary substantially from what
Kincora currently foresees. Factors that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and exploration results, continued
availability of capital and financing and general economic, market or business conditions. The
forward-looking statements are expressly qualified in their entirety by this cautionary statement. The
information contained herein is stated as of the current date and is subject to change after that date.
Kincora does not assume the obligation to revise or update these forward-looking statements,
except as may be required under applicable securities laws.
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.
SOURCE
Kincora Copper Limited
View original content:
http://www.newswire.ca/en/releases/archive/July2019/26/c5908.html
%SEDAR: 00003952E
For further information:
Sam Spring, President and Chief Executive Officer,
[email protected] or +61431 329 345
CO: Kincora Copper Limited
CNW 17:56e 26-JUL-19