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Kincora Copper Ltd V.KCC

Alternate Symbol(s):  BZDLF

Kincora Copper Limited is a Canada-based mineral exploration company. The Company is engaged in the acquisition and exploration of exploration and evaluation assets. It is primarily focused on the copper-gold discoveries in the gold rich porphyry regions of the Lachlan Fold Belt (LFB) of Australia. The Company projects include Trundle Project, Fairholme Project, Cundumbul Project, Northern Junee-Narromine Belt Projects and Southern Gobi Belt Projects. Its Trundel Project is located approximately 420 kilometers (km) west of Sydney and 61 north-west of Parkes in Central West New South Wales (NSW) and covers an area of 167 square kilometers. Its Fairholme Project is located approximately 440km west of Sydney and 45km northeast of West Wyalong in Central West NSW and covers an area of 169 square kilometers. Its Northern Junee-Narromine Belt Projects include three licenses, which include Nyngan, Nevertire and Mulla, and covers an area of approximately 1,739.5 square kilometers.


TSXV:KCC - Post by User

Post by Chipshot2on Oct 28, 2020 5:14pm
141 Views
Post# 31799966

Circular for AGM

Circular for AGMhttps://www.kincoracopper.com/media/downloads/AGM/AGM_Circular_2020.pdf

Shareholders will be asked to vote on a number of standard AGM motions but also included this year we are voting to give management the option to execute a 3 for 1 share rollback.

The main reason for the proposed rollback is that the ASX has a listing requirement that shares need to be priced at a minimum of $.20.

It must also be taken into consideration that KCC currently has over 200m shares outstanding. The proposed listing on the ASX is going to be an IPO which obviously means more shares similar to a PP but for the ASX.

3 for 1 is not that bad, cleans up the share structure and if hole #8 turns out to be something special....

Just an F.Y.I.

Chip
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