Resilience enters into deal with Kincora to acquire its Mongolian Projects

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:

  • retain a 20% free carry interest on existing project portfolio
  • 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.

Download and view PDF for more details

 

 

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