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Kincora Announces Shareholder Meeting Results

Shareholder Meetings

Kincora Announces Shareholder Meeting Results (September 26th, 2023) 1

www.kincoracopper.com [email protected] com

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) 2

www.kincoracopper.com [email protected] com

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 a n ordinary resolution to ratify the issuance prior placement shares as

described in the Information Circular.

Options and Broker Options 99.65% For

Shareholders passed a n 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 a n 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 ov er 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 a n 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 a n ordinary resolution re-approving of the existing shares for services

agreements as described in the Information Circular.