Kincora to retain carried upside to Mongolia portfolio
Binding term sheet executed with Resilience Mining Mongolia Pty Ltd ('RMM') for Kincora's Mongolian asset portfolio retaining significant upside to exploration, project generation and development successes
Benefits to Kincora:
to own 9.9% of RMM upon successful listing and raising on the ASX
first right of refusal to gain a 20% interest in any new project generated by RMM in Mongolia
Vancouver, BC - December 14th, 2020 -
Kincora Copper Ltd. (the 'Company', 'Kincora') (TSXV:KCC) is pleased to announce a binding Option and Acquisition Agreement ('Agreement') with
Resilience Mining Mongolia Pty Ltd ('RMM'). RMM is a private Australian company that is an active explorer and project generator in Mongolia, lead by an executive team and board with extensive in-country Mongolia experience.