VANCOUVER, Nov. 20, 2015 /CNW/ - Kincora Copper Limited (TSX.V: KCC) ("Kincora" or the "Company"). Further to its news releases of October 22, 2015 and November 10, 2015 the Company announces that it has received the acceptance of the TSX Venture Exchange to the issuance of the $2,500,000 convertible note (the "Note") to Origo Partners plc ("Origo") (the terms of which are detailed in the October 22, 2015 release) and to the issuance of 4,350,000 common shares of the Company at a deemed price of $0.05 per share (the "Interest Shares") to Origo in settlement of outstanding interest due to Origo (as detailed in the November 10, 2015 release).
Both the Note and the Interest Shares are subject to a hold period expiring March 19, 2016.
Kincora Copper Limited. is a junior resource company engaged in the acquisition, exploration and development of mineral properties, with a focus on copper-gold projects in Mongolia. For further information on the Company, please visit www.kincoracopper.com and refer to its corporate presentation http://kincoracopper.com/investors/corporate-presentation. Kincora has 309,774,452 issued and outstanding common shares.
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
For further information: Sam Spring, President and Chief Executive Officer, [email protected], +61431 329 345, http://www.kincoracopper.com