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Kincora Satisfies Exchange Conditions
Kincora Satisfies Exchange Conditions Canada NewsWire VANCOUVER, Aug. 2, 2019 ...
About this update from Kincora Copper Limited
[{"type":"text","content":"\n\n\n\nKincora Satisfies Exchange Conditions\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\n\nCanada NewsWire\nVANCOUVER, Aug. 2, 2019\n\n\n\nTSX Venture Exchange conditions satisfied for two institutional investors participation in completed oversubscribed offering and \"insider\" positions Approximately 60% of recent $6.25 million offering anchored by these two large natural resource investors, and associated groups, who account for over 40% of Kincora's share capital A multiple rig drilling program is ongoing at the Bronze Fox project VANCOUVER, Aug. 2, 2019 /CNW/ - Kincora Copper Ltd. (the \"Company\", \"Kincora\") (TSXV:KCC).  Further to the news releases of May 7th, June 11th and 25th 2019, detailing a private placement of units (the \"Units\") to raise proceeds of up to $6,000,000 (the \"Offering\"), which Offering was oversubscribed with total subscriptions of $6,251,500, the Company is pleased to announce that it has satisfied TSX Venture Exchange (the \"Exchange\") conditions for the cornerstone investments of two large institutional natural resource investors and their \"insider\" positions. \nThe LIM Asia Special Situations Master Fund Limited (the \"LASSMF\") and Century Development Ltd, a special purpose vehicle managed by Prospect Capital Management (\"New Prospect\"), have been issued 16,722,000 Units, converted from the same number of subscription receipts, and 16,000,000 Units, released from trust, respectively. \nLASSMF is the Company's existing largest 27% shareholder and New Prospect a new second largest 12% shareholder. \nAs announced on June 26th, 2019, a multiple rig, multiple phase drilling program for up to 8100 metres is ongoing at two large and independent targets within the Bronze Fox project. Drilling rates have been favourable and first samples just submitted for assays.   \nThe Company's share capital includes 133,954,659 common shares, a total of 71,491,799 warrants and 13,395,468 stock options outstanding.\nAbout Kincora Copper Limited (KCC – TSXV)\nKincora operates in the Gobi cop...