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Kincora Copper amends terms of C$2M placement

Kincora CopperLtd. said July 18 that it plans to amend the terms of itspreviously announced nonbrokered private placement to raise C$2 million.

The company will now offer 6,666,667 shares at 30 centsapiece as compared to previously 5,333,333 shares at 37.5 cents each, on1-for-10 post consolidation basis.

The company holds 314,124,452 shares issued and outstanding,which will be reduced to 31,412,445 shares following the consolidation.