Kincora welcomes a new cornerstone investor
Kincora welcomes a new cornerstone investor |
[25-June-2018] |
VANCOUVER, June 25, 2018 /CNW/ - Kincora Copper Ltd. (the "Company", "Kincora") (TSXV: KCC) is pleased to welcome a new cornerstone investor, the LIM Asia Special Situations Master Fund Ltd ("LASSMF"). LASSMF has recently acquired, via the secondary market, a 28.7% interest in total to become Kincora's largest shareholder. Sam Spring, President and CEO commented, "We are very pleased to welcome LASSMF, a fund managed by a pre-eminent Hong Kong investment manager, to strengthen our register and transition out of the recent period of uncertainty that has weighed on Kincora's share price. LIM's Founder, Chairman and Chief Investment Officer, George W. Long, said "We are excited to have secured a strategic position in Kincora given their outlined targets and dominant land holding in the world-class Southern Gobi copper-gold belt. We have been investing in Mongolia for over 15 years and also have experience investing in mining and natural resource projects in Central Asia, Indonesia, Australia, the Philippines, and other parts of the world. Link to Kincora's updated presentation: www.kincoracopper.com/investors/presentations About LIM About Kincora 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, OTC-PINK:BZDLF |
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