Kincora welcomes a new cornerstone investor
800–1199 West Hastings Street, Vancouver, BC V6E 3T5 Phone +1 604 283 1722 Fax +1 888 241 5996
Kincora welcomes a new cornerstone investor
• The LIM Asia Special Situations Master Fund Limited, a fund managed by LIM
Advisors Limited (“LIM”), has acquired a 28.7% interest in Kincora
• The off-market transactions remove recent overhangs to Kincora’s share price
• LIM is one of the longest operating alternative investment managers in Asia and it
invests across the corporate and capital structure in deep value and special situation
opportunities
Vancouver, BC — June 25th, 2018
Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) is pleased to welcome a new
cornerstone investor, the LIM Asia Special Situations Master Fund Ltd (“LASSMF”). LASSMF
has recently acquired, via the secondary market, a 28.7% interest in total to become Kincora’s
largest shareholder.
Sam Spring, President and CEO commented, "We are very pleased to welcome LASSMF, a fund
managed by a pre-eminent Hong Kong investment manager, to strengthen our register and
transition out of the recent period of uncertainty that has weighed on Kincora’s share price.
The secondary market acquisitions are a clear sign of confidence for the new board and the
strategy Kincora is pursuing. Removing the overhang provides the foundation to again focus
on advancing the first modern Tier1 drill testing and district scale exploration program in this
highly mineralised belt where we hold the dominant position and are looking to drill test two
targets this field season, and, be in a favourable position for further expansion activities.”
LIM’s Founder, Chairman and Chief Investment Officer, George W. Long, said “We are excited
to have secured a strategic position in Kincora given their outlined targets and dominant land
holding in the world-class Southern Gobi copper-gold belt. We have been investing in
Mongolia for over 15 years and also have experience investing in mining and natural resource
projects in Central Asia, Indonesia, Australia, the Philippines, and other parts of the world.
The Company has a strong shareholder register backing the team which is credited with
multiple Tier 1 copper discoveries, has a proven track record in Mongolia, is pursuing further
countercyclical expansion, and we see opportunities to support the Company given the
structurally attractive medium term outlook for copper prices”.
Link to Kincora’s updated presentation: www.kincoracopper.com/investors/presentations
About LIM
LIM is one of the longest operating alternative investment managers in Asia.
Further information: www.limadvisors.com
About Kincora
Kincora is a junior resource company engaged in the acquisition, exploration and development of mineral
properties, with a focus on Tier 1 copper-gold projects in Mongolia.
800–1199 West Hastings Street, Vancouver, BC V6E 3T5 Phone +1 604 283 1722 Fax +1 888 241 5996
For further information, please contact:
Sam Spring, President and Chief Executive Officer
[email protected] or +61431 329 345
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) accepts responsibility for the adequacy or accuracy of this release.