Kincora Announces Final Script Payment of Convertible Loan
Vancouver, BC – July 23rd, 2015 – Kincora Copper Limited (TSX.V: KCC) (the “Company” or “Kincora”) announces that it intends to issue 4,350,000 common shares at a deemed price of $0.05 per share to Origo Partners PLC (“Origo”) as consideration for annual interest relating to the $2,500,000 convertible note (the “Convertible Note”) and 10,000,000 common shares at a deemed price of $0.25 per share to Origo as consideration for final settlement of the $2,500,000 convertible note, subject to TSX Venture Exchange approval.
All shares issued will be subject to a four month restrictive hold period. Following the issuance, Origo will hold 95,883,786 shares of Kincora or 29.6% of a total of 324,124,452 shares that will then be issued and outstanding, with no outstanding convertible notes or other debt instruments.
For further information, please contact:
Sam Spring, President and Chief Executive Officer [email protected] +61431 329 345 http://www.kincoracopper.com
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.
800 – 1199 West Hastings Street, Vancouver, BC V6E 3T5 - phone +1 604 283 1722 - fax +1 888 241 5996