HONG KONG, June 22, 2018 /CNW/ - LIM Asia Special Situations Master Fund Limited ("LIM"), a corporation formed and existing under the laws of the British Virgin Islands, is pleased to announce that it has acquired ownership and control of 19,907,821 common shares ("Shares") of Kincora Copper Limited ("Kincora"), representing approximately 28.75% of the presently issued and outstanding Shares. LIM purchased 15,540,888 Shares from Origo Partners plc and 4,366,933 Shares from Duchintav Khojgor and Shandas Duchintav. The Shares were acquired for an aggregate purchase price of $2,588,016.73, being $0.13 per Share.
Kincora's head office address is Suite 800, 1199 West Hastings Street, Vancouver, BC V6E 3T5 Canada. Kincora's Shares are listed on the TSX Venture Exchange. Prior to the transactions disclosed by this news release, LIM did not hold any common shares of Kincora.
LIM has acquired the Shares for investment purposes, and may acquire further common shares, or dispose of its holdings of common shares, both as investment conditions warrant.
LIM has its registered office at Ritter House, Wickhams Cay II, Road Town, Tortola VG1110, British Virgin Islands and its principal business is investment management.
SOURCE LIM Asia Special Situations Master Fund Limited
For further information: Benjamin Mak, Chief Executive Officer of LIM Advisors Limited (the investment manager of LIM), at +852 2533 0964