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Closing achieved for Kincora consolidating the dominant landholding in the Southern Gobi copper (gold) belt
Closing achieved for Kincora consolidating the dominant landholding in the Southern Gobi c...
About this update from Kincora Copper Limited
[{"type":"text","content":"\n\n\n\nClosing achieved for Kincora consolidating the dominant landholding in the Southern Gobi copper (gold) belt\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nClosing achieved for Kincora consolidating the dominant landholding in the Southern Gobi copper (gold) belt\nCanada NewsWire\nVANCOUVER, Nov. 7, 2016\n\n\n\n\nAll approvals received for the IBEX transaction \nForms the dominant landholding in the increasingly active Oyu Tolgoi-Tsagaan Suvarga (Devonian) copper belt \nTechnical workshop completed reviewing targets across the Kincora and IBEX licenses with multiple exploration activities already ongoing\n\n\n\nVANCOUVER, Nov. 7, 2016 /CNW/ - Kincora Copper Limited (the \"Company\", \"Kincora\") (TSXV:KCC) is pleased to announce the closing milestone for the IBEX transaction. This follows satisfaction of all key Mongolian processes and approvals, and acceptance by the TSX Venture Exchange, with Kincora scrip (share) consideration placed into escrow pending the re-registration of the IBEX licenses being achieved.\n\nAs initially announced on May 25th, 2016, Kincora and High Power Ventures Inc. (\"HPV\"), a private company controlled by High Power Exploration Inc. (\"HPX\"), have agreed to consolidate their respective Mongolian land holding and services subsidiaries (\"IBEX transaction\"). \n\nThe transaction results in Kincora having a 100% interest in a portfolio covering over 1,500km2 and the majority of the prospective exploration licenses that dominate a key geological trend between and along strike from the Oyu Tolgoi and Tsagaan Suvarga (Devonian) copper mines. Kincora now holds an industry leading proposition of copper-gold and gold targets, and the dominate landholding in this proven but underexplored gold rich porphyry district. \n\nSam Spring, Kincora President and CEO, stated: \n\n\"Closing the IBEX transaction results in Kincora being the largest landholder in the belt at a time when various incumbents are again looking to increase their exploration footprint and advance exploration efforts, with increased activity of p...