trending Market Intelligence /marketintelligence/en/news-insights/trending/y7kyoI9L8s-eefwr0dIVNg2 content esgSubNav
In This List

Kincora Copper to raise C$2M in private placement, convert C$2M debt into equity

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Podcast

Energy Evolution | Looking ahead to the energy transition in 2023

Video

Path to Net-Zero: How are mining companies tracking?

Blog

The Big Picture for 2023: Will Economies See Relief from Knock-on Effects of Russia-Ukraine Conflict?


Kincora Copper to raise C$2M in private placement, convert C$2M debt into equity

Kincora CopperLtd. said June 1 that it is planning a nonbrokered private placementfor C$2 million and has a commitment from its largest shareholder, Origo PartnersPlc, to convert the C$2 million debt note to Kincora stock on the same terms asthe placement.

The group will issue up to 5,333,333 shares at 37.5 cents eachon a post-consolidation basis, which will see High Power Exploration Inc. becoming a shareholder of the company.

Following the transactions, Kincora will be debt-free and havefunds for exploration work.