Kincora to start trading on the ASX on Tuesday following A$10m IPO

About this update from Kincora Copper Limited

[{"type":"text","content":"\n \n \n \n Kincora to start trading on the ASX on Tuesday following A$10m IPO\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.prngen1{\nBORDER-TOP:0pt; BORDER-RIGHT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt; BORDER-LEFT:0pt\n}\n.prngen5{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Heavily oversubscribed\n \n A$10 million\n \n Initial Public Offering (\"IPO\") on the Australian Securities Exchange (\"ASX\") completed\n \n \n \n \n Extremely strong interest received, well supported by existing shareholders as well as new institutional investors and Australian sophisticated / retail investors\n \n \n \n \n Trading scheduled to commence on the ASX at\n \n 11am\n \n AEDT on\n \n Tuesday March 30\n \n \n \n \n th\n \n \n \n \n \n At the IPO price the Company's implied market capitalisation will be\n \n A$24.1 million\n \n with over\n \n A$12 million\n \n in net cash\n \n \n \n \n Kincora is focused on world class copper discoveries in\n \n Australia's\n \n premier porphyry district – the Lachlan Fold Belt in NSW\n \n \n \n \n Over\n \n 17,000m\n \n of drilling is planned in the coming 12 months with 2 rigs currently drilling at the brownfield Trundle Project and advanced preparations made for drilling at the Nyngan and Fairholme Projects\n \n \n \n \n The Trundle Project sits in the same minerali...

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