Kincora Announces Shareholder Meeting Results
Kincora Announces Shareholder Meeting
Results
VANCOUVER, BC
,
Dec. 14, 2021
/CNW/ - 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
December 14, 2021
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
November 8
2021, were approved by the requisite majority of votes
cast at the Meeting with 33% of shareholder proxies returned. Details of the AGM are provided
below.
The presentation provided at the AGM is available on the Company's website at:
https://kincoracopper.com/agm-materials/
The Company notes the update provided on the Mongolian asset portfolio, recent field season
activities and status of the previously announced transaction with Resilience Mining Mongolia
("RMM"). RMM has completed a prospectus and supplementary prospectuses for an Initial Public
Offering ("IPO") and admission to Australian Securities Exchange ("ASX"), with a conditional
satisfaction deadline for completion of
January 31, 2022
.
This announcement has been authorised for release by the Board of Kincora Copper Limited.
By order of the Board of Directors:
Cameron McRae
, Chairman
Executive office Canada
Subsidiary office Australia
400 – 837 West Hastings Street
Leydin Freyer Corp Pty
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
About Kincora Copper Limited (ARBN 645 457 763)
Kincora Copper is an ASX and TSXV listed exploration company focused on world-class gold rich
copper discoveries in
Australia's
foremost porphyry belt (the Macquarie Arc, in NSW).
The Company is drilling two advanced exploration stage projects with hallmarks to neighboring mines
that host to a combined total of over 20Moz gold and over 5Mt copper
1
.
Kincora has assembled an industry leading technical team who have made multiple world-class
copper-gold discoveries, who have "skin in the game" equity ownership and who are backed by a
strong institutional shareholder base. Our exploration model applies a robust systematic approach
utilising modern exploration techniques supporting high-impact, value add programs underpinned by
targets with strong indications for world-class scale potential.
For further information on Kincora please visit:
https://kincoracopper.com
1
Bespoke
March 2020
request by
Richard Schodde
from MinEx Consulting for Kincora Copper.
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.
AGM details
Audited Annual Report
Shareholders received and considered the Financial Statements for the financial year ended
December 31, 2020
and the report of the auditor thereon.
1
.
Number of Directors
99.96% For
Shareholders approved retaining the number of directors at five (5).
2
.
Election of Directors
Shareholders voted in favour of Kincora's management's nominees to the board of directors:
Jonathan (Sam) Spring
(99.94% For),
Ray Nadarajah
(99.94% For),
John Holliday
(99.94%
For),
Lewis Marks
(99.90% For) and
Cameron McRae
(99.94% For).
3
.
Auditor Re-Appointed
99.99%
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.
4
.
Amendment to Articles
99.89% For
Shareholders passed a special resolution approving an amendment to the Articles of the
Company as described in the Information Circular.
5
.
Share Capacity
99.73%
For
Shareholders passed a ordinary resolution authorizing the Company the ability to issue an
additional 10% capital over a 12 month period pursuant to ASX Listing Rule 7.1A as described
in the Information Circular.
6
.
Equity Incentive Plan
96.10% For
Shareholders passed a ordinary resolution authorizing the Company the ability to replace the
current stock option plan for a new equity incentive plan as described in the Information Circular.
7
.
Ratification of Prior Options
76.83 For
Shareholders passed an ordinary resolution ratifying prior options as described in the
Information Circular.
8
.
Shares for Services Contract
99.85% For
Shareholders passed an ordinary resolution ratifying changes to the management contracts
concerning the issuance of compensation shares as described in the Information Circular.
SOURCE
Kincora Copper Limited
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For further information:
[email protected] or +1 604 283 1722
CO: Kincora Copper Limited
CNW 22:11e 14-DEC-21