Kincora Issues Shares for Services

Kincora Issues Shares for Services

VANCOUVER

,

Sept. 27, 2019

/CNW/ - Kincora Copper Ltd. (the "Company", "Kincora") (TSXV:

KCC) announces that it will issue 271,875 shares at a deemed price of

0.08 cents

per share to

certain directors, officers and service providers on account of services rendered during the period

January 1

–

March 31, 2019

.

In addition, the Company will issue 197,727 shares at a deemed price of

0.11 cents

per share to

certain directors, officers and service providers on account of services rendered during the period

April 1, 2019

–

June 20, 2019

.

The issuance of shares is subject to a number of conditions, including receipt of all necessary

corporate and regulatory approvals, including approval of the TSX Venture Exchange. The services

shares are to be subject to a four-month hold period.

The Company's Shares for Services plan covered over these periods was approved by written

consent from disinterested shareholders and approved by the TSX Venture Exchange as originally

announced

November 14, 2016

. This plan, and the updated plan passed at the 2019 Annual General

Meeting on

September 26

th

, 2019, seek 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.

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.

SOURCE

Kincora Copper Limited

View original content:

http://www.newswire.ca/en/releases/archive/September2019/27/c1444.html

%SEDAR: 00003952E

For further information:

Sam Spring, President and Chief Executive Officer,

[email protected] or +61431 329 345

CO: Kincora Copper Limited

CNW 18:52e 27-SEP-19