VANCOUVER, BC, Dec. 14, 2021 /CNW/ - Kincora Copper Limited (the
"Company", "Kincora") (TSXV: KCC) is pleased to announce the
results of voting at its Annual General and Special Meeting ("AGM"
or the "Meeting") on December 14,
2021 at 4pm PST held by hybrid
meeting with webcast from Vancouver,
Canada.
All matters submitted to shareholders for approval as set out in
the Company's Notice of Meeting and Information Circular, dated
November 8 2021, were approved by the
requisite majority of votes cast at the Meeting with 33% of
shareholder proxies returned. Details of the AGM are provided
below.
The presentation provided at the AGM is available on the
Company's website at: https://kincoracopper.com/agm-materials/
The Company notes the update provided on the Mongolian asset
portfolio, recent field season activities and status of the
previously announced transaction with Resilience Mining Mongolia
("RMM"). RMM has completed a prospectus and supplementary
prospectuses for an Initial Public Offering ("IPO") and admission
to Australian Securities Exchange ("ASX"), with a conditional
satisfaction deadline for completion of January 31, 2022.
This announcement has been authorised for release by the Board
of Kincora Copper Limited.
By order of the Board of Directors:
Cameron McRae, Chairman
Executive office
Canada
|
Subsidiary office
Australia
|
400 – 837 West
Hastings
Street
|
Leydin Freyer Corp
Pty
|
Vancouver, BC V6C
3N6,
Canada
|
Level 4, 100 Albert
Road
|
Tel:
1.604.283.1722
|
South Melbourne,
Victoria 3205
|
Fax:
1.888.241.5996
|
Tel: +613 9692
7222
|
About Kincora Copper Limited (ARBN 645 457
763)
Kincora Copper is an ASX and TSXV listed exploration
company focused on world-class gold rich copper discoveries in
Australia's foremost porphyry belt
(the Macquarie Arc, in NSW).
The Company is drilling two advanced exploration stage projects
with hallmarks to neighboring mines that host to a combined total
of over 20Moz gold and over 5Mt copper 1.
Kincora has assembled an industry leading technical team who
have made multiple world-class copper-gold discoveries, who have
"skin in the game" equity ownership and who are backed by a strong
institutional shareholder base. Our exploration model applies a
robust systematic approach utilising modern exploration techniques
supporting high-impact, value add programs underpinned by targets
with strong indications for world-class scale potential.
For further information on Kincora please visit:
https://kincoracopper.com
1 Bespoke March 2020
request by Richard Schodde from
MinEx Consulting for Kincora Copper.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) or the Australian Securities
Exchange accepts responsibility for the adequacy or accuracy of
this release.
AGM details
Audited Annual
Report
Shareholders received and considered the Financial Statements for
the financial year ended December 31,
2020 and the report of the auditor thereon.
- Number of Directors
99.96% For
Shareholders approved retaining the number of directors at five
(5).
- Election of
Directors
Shareholders voted in favour of Kincora's management's nominees to
the board of directors: Jonathan (Sam)
Spring (99.94% For), Ray
Nadarajah (99.94% For), John
Holliday (99.94% For), Lewis
Marks (99.90% For) and Cameron
McRae (99.94% For).
- Auditor
Re-Appointed 99.99%
For
Dale Matheson Carr-Hilton Labonte
("DMCL") LLP was re-appointed Auditor of the Company to hold office
until the next AGM or until its successor is duly appointed, and
the directors were authorized to fix the Auditor's
remuneration.
- Amendment to
Articles
99.89% For
Shareholders passed a special resolution approving an amendment to
the Articles of the Company as described in the Information
Circular.
- Share
Capacity
99.73% For
Shareholders passed a ordinary resolution authorizing the Company
the ability to issue an additional 10% capital over a 12 month
period pursuant to ASX Listing Rule 7.1A as described in the
Information Circular.
- Equity Incentive
Plan
96.10% For
Shareholders passed a ordinary resolution authorizing the Company
the ability to replace the current stock option plan for a new
equity incentive plan as described in the Information Circular.
- Ratification of Prior
Options
76.83 For
Shareholders passed an ordinary resolution ratifying prior options
as described in the Information Circular.
- Shares for Services
Contract 99.85%
For
Shareholders passed an ordinary resolution ratifying changes to the
management contracts concerning the issuance of compensation shares
as described in the Information Circular.
SOURCE Kincora Copper Limited