Kincora raises $2.4 million to advance drilling
Summary
In total,drilling 13 standalone targets across 5 projects, including 5 targets at Trundle, that all offer significant scale copper-gold discovery potential.We are delighted with the very strong backing received and thank thoseexisting and new shareholders who participated.The quantum and nature of support from shareholders, including all directors, in the offering adds substance to Kincoras high conviction forvery significant results across the NSW portfolio and potential for majornew porphyry discoveries at the Trundle project. "The funds raised will primarily be used for drilling activities focused on shallow porphyry targets across the Companys portfolio of priority projects in the Lachlan Fold Belt, NSW. An Appendix 2A confirming the exact allotments will be issued on the same date.The Companys total issued ordinary shares outstanding post the first and second tranche issuances is anticipated to be 166,471,542.This announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN 645 457 763)The Trundle Project is located in the Junee-Narromine volcanic belt of the Macquarie Arc, less than 30km from the mill at the Northparkes mines in a brownfield setting within the westerly rift separated part of the Northparkes Igneous Complex ("NIC"). Economic Geology, PhD, member of the Australian Institute of Mining and Metallurgy and Society of Economic Geologists), is Exploration Manager Australia for the Company; and, the ASX release made by the Company on , titled "Highest grade assays to date from Trundles Southern Extension Zone discovery" which included a competent person statement from .The Company confirms that it is not aware of any new information or data which materially affects the information included in the original market announcements.The scientific and technical information in this news release was prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and was reviewed, verified and compiled by Kincoras geological staff under the supervision of Paul Cromie (BSc Hons. Economic Geology, PhD, member of the Australian Institute of Mining and Metallurgy and Society of Economic Geologists), Exploration Manager Australia, who is the Qualified Persons for the purpose of NI 43-101.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.For further information: Sam Spring, President and Chief Executive Officer, [email protected] or +61431 329 345; For media enquiries: Media & Capital Partners, Angela East at [email protected]; Executive office, 400 - 837 West Hastings Street, Vancouver, BC V6C 3N6, Canada, Tel: 1.604.283.1722, Fax: 1.888.241.5996; Subsidiary office Australia, Vista Australia (formerly Leydin Freyer Corp Pty Ltd), Level 4, 100 Albert Road, South Melbourne, Victoria 3205