Kincora Clarifies Statements About High Power Deal
800 – 1199 West Hastings Street, Vancouver, BC V6E 3T5 - phone +1 604 283 1722 - fax +1 888 241 5996
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KINCORA CLARIFIES STATEMENTS ABOUT HIGH POWER DEAL
Vancouver, BC – June 8th, 2016 – Kincora Copper Limited (the “Company”, “Kincora”)
(TSXV:KCC) wishes to clarify certain of its recent disclosures relating to its transaction (the
"Transaction") with High Power Ventures Inc. ("HPV") and certain of its affiliates, including its
news releases of May 25, 2016 and June 1, 2016. In this regard Kincora advises as follows:
While Kincora has entered into a definitive Share Exchange Agreement with HPV (the "SEA"), as
detailed in the May 25, 2016 news release, it is incorrect to state that HPV and its affiliates are
"strategic partners" of Kincora and Kincora wishes t o withdraw that statement. Kincora wishes to
clarify that the use of the term "merger" to described the Transaction was done solely as such term is
used under Mongolian law to technically describe the Transaction and it was not intended to imply a
merger in the North American commercial sense. Kincora further wishes to clarify the basis upon
which it has access to the proprietary Typhoon technology (the "Technology") of High Power
Explorations Inc. ("HPX") under the SEA. Such access is for a term of 2 years , subject to extension
by mutual agreement, is dependent upon the availability of such Technology and is subject to the
right of HPX to determine that it is in its best interests to otherwise deploy the Technology on a
mineral project in which HPX or its affiliates have an equity interest. Kincora wishes to make it clear
that its Bronze Fox project in Mongolia is unrelated to the Transaction and, in entering into the
Transaction, neither HPV nor HPX are endorsing the Bronze Fox project.
About Kincora
Kincora Copper Limited. is a junior resource company engaged in the acquisition, exploration and
development of mineral properties, with a focus on copper-gold projects in Mongolia.
For further information on the Company, please visit www.kincoracopper.com
Forward-Looking Statements
Certain information regarding Kincora contained herein may constitute forward -looking statements
within the meaning of applicable securities laws respecting the closing of the Merger and the
expectations from the completion of the Merger. 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 and assumptions 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 m ay 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 as well as changes in the regulation of the mining industry in Mongolia. 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.
800 – 1199 West Hastings Street, Vancouver, BC V6E 3T5 - phone +1 604 283 1722 - fax +1 888 241 5996
The Company does not assume the obligation to revise or update these forward -looking statements,
except as may be required under applicable securities laws.
For further information, please contact:
Sam Spring, President and Chief Executive Officer
Email: [email protected] Phone: +61431 329 345
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.