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Kincora raises $2.4 million to advance drilling
Kincora raises $2.4 million to advance drilling Canada NewsWire Oversubscribe...
About this update from Kincora Copper Limited
[{"type":"text","content":"\n \n \n \n Kincora raises $2.4 million to advance drilling\n \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.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Oversubscribed equity placement raises\n \n A$2.4 million\n \n (before costs) at\n \n A$0.055\n \n per share\n \n \n \n Very strong support from existing shareholders\n \n \n All directors participating, for a total of\n \n A$0.13 million\n \n \n \n \n Kincora is well funded to advance the next phase of drilling focused on shallow porphyry targets across its portfolio of priority projects in the Lachlan Fold Belt, NSW\n \n \n \n 13 targets and discovery opportunities across 5 projects\n \n \n \n Drilling activities scheduled to initially commence at the brownfield Trundle project in\n \n January 2023\n \n , testing 5 adjacent systems and separate large scale porphyry targets across an existing 3.2km mineralised strike\n \n \n \n Four of these targets are following up open ore grade intervals, including:\n \n \n \n \n 10m\n \n to end of hole at 1.99g/t gold and 0.12% copper from\n \n 36m\n \n (at\n \n Dunn's\n \n North target); and,\n \n \n recent 34m at 1.45g/t gold and 0.25% copper (at the Southern Extension Zone target)\n \n \n \n \n \n \n \n MELBOURNE, Australia\n \n \n ,\n \n \n Dec. 12, 2022\n \n \n /CNW/ - Kincora Copper Limited (TSXV: KCC) (ASX: KCC)\n \n Kincora\n \n or the\n \n Company\n \n ) is pleased to announce it has received binding commitments from unrelated professional and sophisticated investors for a\n \n A$2.4 million\n \n capital raising (before costs) (\n \n Placement\n \n ).\n \n \n \n \n \n \n \n \n \n President & CEO,\n \n Sam Spring\n \n , and Chairman,\n \n Cameron McRae\n \n , commented:\n \n \n \n \"Following the oversubscribed offering Kincora is well funded and\n \n positioned to commence a high impact and high conviction drilling\n \n program. This will initially commence at our brownfield Trundle porphyry\n \n project in January.\n \n \n \n \n The program is focused on testing more and shallower targets. In total,\n \n drilling 13 standalo...