Kincora Announces Shareholder Meeting Results

About this update from Kincora Copper Limited

Vancouver, British Columbia--(Newsfile Corp. - December 9, 2024) - Kincora Copper Limited (TSXV: KCC) (the "Company", "Kincora") is pleased to announce the results of voting at its Annual General and Special Meeting ("AGM" or the "Meeting") on December 9 th , 2024 at 4pm PST held by hybrid meeting with webcast from Vancouver, Canada. All matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, dated November 8 th , 2024, were approved by the requisite majority of votes cast at the Meeting with 23.53% of shareholder proxies returned. Details of the resolutions are provided below as well as an update that was presented to shareholders at the Meeting. This announcement has been authorised for release by the Board of Kincora Copper Limited. By order of the Board of Directors: Cameron McRae, Chairman [email protected] or +1 604 283 1722 Kincora Copper Limited (ARBN 645 457 763) Executive office Canada Subsidiary office Australia 400 - 837 West Hastings Street Vista Australia Vancouver, BC V6C 3N6, Canada Level 4, 100 Albert Road Tel: 1.604.283.1722 South Melbourne, Victoria 3205 Fax: 1.888.241.5996 Tel: +613 9692 7222   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release. AGM details Audited Annual Report Shareholders received and considered the Financial Statements for the financial year ended December 31, 2023 and the report of the auditor thereon. Number of Directors | 99.89% For Shareholders approved retaining the number of directors at five (5). Election of Directors  Shareholders voted in favour of Kincora's management's nominees to the board of directors: Jonathan (Sam) Spring (99.87% For), John Holliday (99.87% For), Luke Murray (99.81% For), Cameron McRae (91.71% For) and Jeremy Robinson (99.85% For). Auditor Appointed | 100.00% For Manning Elliot LLP was appointed Auditor of the Company to hold office until the next AGM or until its successor is duly appointed, and the directors were authorized to fix the Auditor's remuneration. Approval of Issue of Tranche 2 Placement Shares | 98.83% For Shareholders passed an ordinary resolution to ratify the issuance prior placement shares as described in the Information Circular. Approval of Issuance Placement Option | 98.75% For Shareholders passed an ordinary resolution to ratify the issuance of placement options relating to prior placement shares as described in the Information Circular. Ratification of Prior Issuance of Placement Shares | 99.58% For Shareholders passed an ordinary resolution to ratify the issuance prior placement shares as described in the Information Circular. Share Capacity | 99.50% For Shareholders passed a special resolution re-approving the capacity to issuance up to an additional 10% capital over a 12 month period pursuant to ASX Listing Rule 7.1A as described in the Information Circular. Equity Incentive Plan (EIP) | 99.74% For Shareholders passed an ordinary resolution re-approving of the existing EIP as amended as described in the Information Circular. Shares for Services Agreement | 90.76% For Shareholders passed an ordinary resolution re-approving of the existing shares for services agreements as described in the Information Circular. Ratification of Prior Issuance of Options pursuit to EIP | 90.84% For Shareholders passed an ordinary resolution to ratify the issuance prior options pursuit to the existing EIP as described in the Information Circular. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233137

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