Vancouver, January 8th, 2019 – Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) announces the TSX Venture Exchange has accepted the issuance of 561,290 shares at a deemed price of 15.5 cents to certain directors, officers and service providers on account of services rendered during the period July 1, 2018, to September 30, 2018. The services shares are to be subject to a four-month hold period.
The Company’s original Shares for Services plan was approved by written consent from disinterested shareholders and approved by the TSX Venture Exchange as announced
November 14, 2016. The plan seeks to provide competitive packages to retain and attract key executives, align all senior executives/directors to the creation of value for shareholders and
minimize the cash overheads of the Company.
Post the issuance, Kincora has 70,652,160 issued shares, 8,976,799 warrants and 3,578,380 stock options outstanding.