Kincora Announces Shareholder Meeting Results
Kincora Announces Shareholder Meeting Results (August 27th, 2025) 1
www.kincoracopper.com [email protected] com
Kincora Announces
Shareholder Meeting
Results
Vancouver, British Columbia — August 28th, 2025
Copper-gold explorer and hybrid project generator Kincora Copper Limited (ASX & TSXV:
“KCC”) (Kincora or the Company) is pleased to announce the results of voting at its Annual
General and Special Meeting (“AGM” or the “Meeting”) on August 27th, 2025 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 July 31st, 2025, were approved by the requisite majority of votes
cast at the Meeting with 44.39% of shareholder proxies returned and very strong support for all
matters of business.
Details of the resolutions are provided below as well as an update that was presented to
shareholders at the Meeting . A copy of the presentation provide will be made available on the
Kincora website: https://kincoracopper.com/agm-materials/
Chairman Cameron McRae commented:
"It is very pleasing to see such a large portion of the register represented at the
shareholder meeting and overwhelming support for all items of business.
This further highlight’s that Kincora has a very consolidated register with aligned
reporting insiders. Coupled with the 12-month hold period for the non-brokered private
placement, this provides a unique structure to really leverage the deals, partner funding
and results already in place across the Company’s project portfolio all focused on
unlocking significant existing value. This is starting to be realized.
With the resolutions to hand we will shortly close that financing, complete the roll back
and get on with execution of the various catalysts the oversubscribed C$4 million
offering supports. We expect this to be a key milestone moment for the Company going
forward.”
This announcement has been authorised for release by the Board of Kincora Copper Limited.
For further information please contact:
Sam Spring, President and Chief Executive Officer
[email protected] or +61431 329 345
Executive office Subsidiary office Australia
400 – 837 West Hastings Street C/- JM Corporate Services
Vancouver, BC V6C 3N6, Canada Level 6, 350 Collins Street
Tel: 1.604.283.1722 Melbourne, VIC, Australia 3000
Kincora Announces Shareholder Meeting Results (August 27th, 2025) 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, 2024 and the report of the auditor thereon.
Number of Directors 99.94% 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 (99.96% For), John Holliday (98.46% For), Luke Murray (99.96% For),
Cameron McRae (99.96% For) and Jeremy Robinson (99.95% For).
Auditor Appointed 100% For
Manning Elliot LLP was 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.
Approval of Issue of Placement Shares 99.84% For
Shareholders passed a n ordinary resolution to ratify the issuance prior non-brokered private
placement shares as described in the Information Circular.
Approval of Issuance Placement Warrant 98.83% For
Shareholders passed a n ordinary resolution to ratify the issuance of non-brokered private
placement warrants relating to prior placement shares as described in the Information Circular.
Share Capacity 99.89% 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 (EIP) 99.01% For
Shareholders passed a n ordinary resolution re-approving of the existing EIP as amended as
described in the Information Circular.
Kincora Announces Shareholder Meeting Results (August 27th, 2025) 3
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Shares for Services Agreement 99.04% For
Shareholders passed a n ordinary resolution re-approving of the existing shares for services
agreements as described in the Information Circular.
Consolidation 98.98% For
Shareholders passed a special resolution approving a share consolidation as described in the
Information Circular.
Issuance of Options 99.83% For
Shareholders passed an ordinary resolution approving the issuance of options under the EIP as
described in the Information Circular.
Amendment to Articles for Advance Notice Provisions 99.88% For
Shareholders passed a special resolution approving the amendment to the Company’s Articles to
incorporate Advance Notice Provisions as described in the Information Circular.
Amendment to Articles for Subdivision, Consolidation and Name Change Articles
99.17% For
Shareholders passed a special resolution approving the amendment to the Company’s Articles to
incorporate the Subdivision, Consolidation and Name Change Articles as described in the
Information Circular.
ABOUT KINCORA
Kincora Copper Limited (“KCC”: ASX & TSXV) is an emerging Australia-focused copper-gold
explorer with a hybrid project generator strategy. The Company is now successfully proving up
the prospectivity of its extensive project portfolio, which includes multiple district-scale
landholdings and scalable drill ready targets. These assets are located in Australia’s Macquarie
Arc and Mongolia's Southern Gobi, two of the globe’s leading porphyry belts, and the historical
Condobolin mining field within the Cobar superbasin in NSW.
Kincora is using an asset level partner model to develop and implement exploration strategies
for its wholly-owned large-scale exploration stage porphyry projects. The Company has already
unlocked over $110 million of potential partner funding for multiple earlier stage and/or non-
core porphyry projects. These initial deals have supported over 13,500 metres of drilling and
over A$6.5m of partner funded exploration since late 2024, with management fees and
exploration ramping up.
Partner discussions are ongoing for its remaining 100% owned flagship projects that are all
situated within existing porphyry camps containing over 20-million-ounce gold equivalent
resource inventory.
Kincora’s ambition is to be the operator for exploration budgets of over $10 million per annum
for the porphyry portfolio providing sufficient project management fees for the Company to be
self-funding (covering corporate costs and maintenance of remaining wholly owned projects)
and have partnerships with a diversified portfolio of industry leading producers/explorers. This
is in addition to the various other existing partnerships where Kincora is not the operator or
receiving a management fee income stream.
Kincora Announces Shareholder Meeting Results (August 27th, 2025) 4
www.kincoracopper.com [email protected] com
The Company has assembled an industry leading technical team who have made multiple
world-class copper and gold discoveries, who have “skin in the game” equity ownership, and,
backed by a consolidated and sophisticated shareholder register (insiders currently owning over
40% of the Company and represented on the Board).
On July 7th, 2025, Kincora announced an oversubscribed C$4 million non-brokered private
placement of units led by leading North American investors, including Rick Rule and Jeff
Phillips, and their investor networks. The share units have a 12-month hold period and there is
an accelerator on the warrants – both at the lead investors requests. This raising is concurrent
with a corporate restructuring and share capital roll back.
The roll back and placement terms provides Kincora the corporate structure to leverage the
deals, partner funding and project results already in place and to unlock significant existing
value. This is starting to be realized.
The new capital provides the ability to accelerate more drilling, do more asset level deals, earn
more management fees, and, ultimately, supporting the ambition of more (big) new discoveries.
These multiple avenues all provide further material value catalysts for shareholders.
Closing of the non-brokered private placement is anticipated shortly after the August 27th,
Annual General and Special Shareholders meeting.
The financing also supports Kincora pursuing a hybrid project generator model and
undertaking drilling at our 100% owned Condobolin project. The Condobolin project hosts a
historical mining field located within the Cobar superbasin and within trucking distance to an
existing mill seeking third party ore.
By having a significant portfolio of partner funded large porphyry projects, and a very focused
program on a 100% owned project, the Company is seeking to position Kincora as a leading
institutional grade explorer in the public Australian and Canadian markets, and the leading
project generator on the ASX.
To learn more, please visit: www.kincoracopper.com
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.