Business
Kincora Secures Strategic North American Investors and Announces Private Placement
Kincora intends to raise up to C$4-million at C$0.30 per Unit with a full Warrant One-year hol...
About this update from Kincora Copper Limited
[{"type":"text","content":"Kincora Secures Strategic North American Investors and Announces Private PlacementKincora intends to raise up to C$4-million at C$0.30 per Unit with a full WarrantOne-year hold period on Shares underlying the UnitsAcceleration trigger for the Warrants Ten (10) for one (1) Consolidation of Securities Cornerstone investments from leading North American natural resource sector investors including Rick Rule and Jeff Phillips Strong support from existing and new investorsProceeds will be used to support ongoing project generation strategy, drilling at 100% owned high-grade gold-base metals Condobolin project and working capital Incentive stock options awardedVancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - Copper-gold explorer and project generator Kincora Copper Limited (TSXV: KCC) (ASX: KCC) (\"Kincora\" or \"the Company\") is pleased to announce that it proposes to undertake a non-brokered private placement (the \"Offering\") at C$0.30 per unit (the \"Units\") to raise up to C$4,000,000. All prices and share numbers in this release assume completion of a 10:1 consolidation (\"Consolidation\") prior to or concurrent with the Offering. The Offering is subject to the TSX Venture Exchange (the \"Exchange\") acceptance and approvals required under the Australian Securities Exchange (\"ASX\") Listing Rules, as well as other regulatory approvals. Concurrent with, or prior to the Offering, the Company intends to complete a consolidation (the \"Consolidation\") of the issued and outstanding common shares issued on the Exchange and Chess Depositary Interests (\"CDIs\") on the ASX on the basis of ten (10) pre-Consolidation shares being consolidated to one (1) post-Consolidation share. Existing options will be consolidated on the same basis. The Consolidation will be subject to approval from the Company's shareholders, the Exchange, and ASX. The Units will comprise one common share (a \"Share\") and one common share purchase warrant (a \"Warrant\"), each Warrant entitling the holder to acquire a further common share at a price of C$0.50 for a term of three (3) years. The Shares will be subject to a one (1) year hold period from the closing date and such other restrictions as may be required by applicable securities laws and stock exchange rules. Fifteen (15) months after the closing date, the Company will have the righ...