- The Bloomfield Group participated in the recently
completed A$2.4 million raising and
increased its equity share to a 12.9% interest which is the largest
shareholding in Kincora
- Luke Murray is appointed to the
Board as a non-executive director
- Lewis Marks stands down from the
Board, remains an advisor
MELBOURNE, Australia, March 9,
2023 /CNW/ - Kincora Copper Limited (ASX: KCC) (TSXV:
KCC) (Kincora or the Company) is pleased to welcome
The Bloomfield Group as our largest shareholder and the lead
investor in the recently completed A$2.4
million raising which increased its shareholding to 12.9%.
The Bloomfield Group is a longstanding privately owned
Australian mining and engineering group of companies.
Luke Murray, Chief Operating
Officer of The Bloomfield Group, joins the Company's board
as a non-executive director and brings senior executive experience
in open cut mining, processing, logistics and permitting in
New South Wales to the Kincora
team. Concurrently, Lewis Marks has
stepped down as a non-executive director, but remains as an advisor
to the Company.
Chairman Cameron McRae,
commented:
"We are very pleased to strengthen our
relationship and welcome The Bloomfield Group as our largest
shareholder. The group has an excellent and longstanding track
record and network within the NSW resource sector.
It is a pleasure to welcome Luke to the
Board. He has a unique and high calibre skill set, and is very well
positioned to complement our team and add value.
On behalf of the Company, I would like to
thank Lewis for his 4 years of service on the Board and for his
continued input to Kincora going forward as an advisor."
Luke
Murray biography
Mr. Luke Murray brings to the
Kincora team current broad senior management experience in mine
planning, operations, processing, logistics, approvals and
regulatory compliance in NSW mining.
Luke holds a Bachelor of Mining Engineering from the University
of NSW and a Masters in Applied Finance from the University of
Newcastle. He is a graduate of the Australian Institute of Company
Directors, a member of the Mine Managers Association of
Australia, and contributes to the
development of emerging leaders by acting as an examiner of
candidates for the qualification of Open Cut Mining Engineering
Manager in NSW.
Luke is currently Chief Operating Officer of The Bloomfield
Group. He is responsible for safe, efficient, low cost
production from two open cut coal mines and an engineering,
machining and fabrication business and for the successful execution
of group capital projects.
Kincora's total issued ordinary shares post the recently
completed raising is 166,471,542.
This announcement has been authorised for release by the
Board of Kincora Copper Limited (ARBN 645 457 763)
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.
SOURCE Kincora Copper Limited