Kincora Copper (CVE:KCC) shares jumped more than 14% on Friday after the company announced that Ivanhoe Industries, through affiliates HPX Mongolia (Singapore) Pte Ltd. and GCR Holdings Ltd. (Singapore), now holds 15.8% of Kincora's common shares.
Assuming the exercise in full of the warrants, Ivanhoe Industries, through HPX and GCR, will be deemed to beneficially own 21.97% of Kincora Copper's then issued and outstanding common shares on a partially diluted basis.
Kincora shares closed 14.3% higher at C$0.04 on Friday.