Kincora Issues Shares for Services
www.kincoracopper.com [email protected]
Kincora Issues Shares for Services
Vancouver, BC — October 31st, 2019
Further to its news release of September 29th, 2019, Kincora Copper Ltd. has issued a total of
271,875 shares at a deemed price of 8 cents per share and 197,728 common shares at a deemed
value of 11 cents per shares as partial consideration for the services rendered by certain
directors, officers and other service providers for the quarter ending March 31st, 2019 and June
30th, 2019. The services shares are to be subject to a four-month hold period.
The Company's original shares-for-services plan was approved by written consent from
disinterested shareholders and approved by the TSX Venture Exchange as announced
November 14th, 2016, with an updated plan approved by shareholders at the September 26th,
2019, Annual General Meeting.
Kincora’s shares-for-services plan are part of a holistic remuneration package that seeks to
provide competitive packages to retain and attract key executives, align all senior
executives/directors to the creation of value for shareholders, and minimize the cash overheads
of the company.
Furthermore, to its news release of June 18th and September 26th, 2019, Kincora has issued
9,817,085 stock options to certain directors, officers and other service providers.
Post the issuances, Kincora has 134,992,224 issued shares, 62,515,000 warrants and 13,395,465
stock options outstanding.
About Kincora Copper Ltd.
Kincora is a junior resource company engaged in the acquisition, exploration and development of mineral properties, with a focus on
copper-gold projects, and is most active listed junior seeking to make the next Tier 1 discovery in Mongolia.
For further information:
Sam Spring, President and Chief Executive Officer
[email protected] or +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.