Bullboard - Stock Discussion Forum Kincora Copper Ltd V.KCC

Alternate Symbol(s): BZDLF

Metals & Mining Industrial Metals & Minerals

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... see more

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TSXV:KCC - Post Discussion

Kincora Copper Ltd > Kincora consolidates NSW portfolio ownership

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Post by Betteryear2 on Jul 31, 2023 6:24pm

Kincora consolidates NSW portfolio ownership

Kincora secures 100% interest in all NSW projects
- Acquisition of RareX Limited's ("RareX") carried 35% asset level interests in the Trundle, Fairholme, Jemalong, Cundumbul and Condobolin licenses for 40m Kincora Chess Depositary Interests ("CDIs") and a 1% Net Smelter Return Royalty ("NSR")
Binding commitments for oversubscribed A$2m private placement
- Lead from largest shareholder, Big Ben Holdings Pty Limited, subscribing for 10.4m Kincora CDIs
- Further 30.2m CDIs to be placed with professional and sophisticated investors
Experienced resource executive Jeremy Robinson to join Kincora's board