Kincora Announces Shareholder Meeting Results and New CFO
Kincora Announces Shareholder Meeting Results and New CFO |
[24-November-2020] |
VANCOUVER, BC, Nov. 24th, 2020 /CNW/ - Kincora Copper Ltd. (the "Company", "Kincora") (TSXV:KCC) is pleased to announce the results of voting at its Annual General and Special Meeting ("AGM" or the "Meeting") on November 24, 2020 at 5pm PST held by teleconference and in Vancouver, Canada. All matters submitted to shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, dated October 20th 2020, were approved by the requisite majority of votes cast at the Meeting with 46.76% of shareholder proxies returned. Details of the AGM are provided below. The Company is also pleased to announce the appointment of Ms. Yuying Liang as Chief Financial Officer. Ms. Liang is a Principal of Canmore Financial Services Inc., which provides financial reporting services and full service accounting to private and public companies in a variety of industries. Ms. Liang has extensive experience in public company environment within a variety of functions, including Chief Financial Officer, Company Secretary and Board member positions. Ms. Liang earned her Bachelor of Business Administration from Simon Fraser University and holds the professional designation of Chartered Professional Accountant ("CPA"). The Company wishes to thank Mr. Anthony Jackson for his contribution and dedicated service to Kincora since 2014 and wish him well with future endeavours. Chairman Cameron McRae commented, "We thank shareholders for the strong backing for a number of resolutions to support the proposed listing on the Australian Securities Exchange ("ASX"), which is targeted for early in the new year, subject to market conditions. Unfortunately in recent weeks a still unidentified shareholder overhang has weighted on the share price and we are confident we will work through this, with interested groups there to take any block, and have positive news flow and catalysts to come. An exploration update to the market is due shortly, and our understanding of the Trundle project, and current two priority drill targets, Trundle Park and Mordialloc, have been significantly improved, with drilling ongoing." AGM details Audited Annual Report Number of Directors - 99.85% For Election of Directors Auditor Re-Appointed - 99.97% For Stock Option Plan - 99.43% For Share Consolidation - 99.11% For Amendment to Articles - 99.11% For Upcoming Events:
Further details available at: www.kincoracopper.com/investors/events About Kincora Copper Limited Kincora Copper is an active explorer and project generator focused on world-class copper-gold discoveries. The Company is currently drilling the only brownfield project (Trundle) held by a listed junior in Australia's foremost porphyry belt (the Macquarie Arc, in NSW), with district scale project pipeline, and seeking to confirm its position as the leading pure play porphyry explorer in Australia. The Company has assembled an industry leading technical team who have made multiple Tier 1 copper discoveries, who have "skin in the game" equity ownership and who are backed by a strong institutional shareholder base. Our exploration model applies a robust systematic approach utilising modern exploration techniques supporting high-impact, value add programs underpinned by targets with strong indications for world-class scale potential. We have corporate offices in Vancouver and Melbourne. Kincora is listed on the TSX Venture Exchange under the ticker symbol KCC and is seeking a listing on the ASX. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Kincora Copper Limited | ||||||||
Company Codes: TorontoVE:KCC |
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