Kincora Copper settles Origo loan with share issue
Kincora Copper plans to issue Origo with over 14mln shares in settlement of a convertible loan.
Company
CVE:KCC
Kincora Copper is an active explorer and hybrid prospect generator led by an industry leading technical team targeting Tier 1 scale discoveries in New South Wales, Australia. With a district-scale portfolio across the Macquarie Arc and Cobar Basin of the Lachlan Fold Belt, the company combines partner-funded exploration, wholly owned discovery opportunities and a capital-efficient strategy designed to create multiple shots on goal.
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Kincora Copper plans to issue Origo with over 14mln shares in settlement of a convertible loan.
Oyu Tolgoi alone looks set to account for around a third of the Mongolian economy.
Mongolia-focused Kincora Copper received a boost on Tuesday - as the government reached agreement with mining giant Rio Tinto (LON:RIO) over expansion at the huge, world class Oyu Tolgoi project.