Kincora Copper plans C$319,437 debt settlement via share issuance
Bitget2026/10/13 11:34- Kincora Copper entered debt settlement agreements to convert C$319,437 of accrued management and consulting fees into equity.
- 358,918 common shares to be issued at a deemed price of C$0.89 per share, subject to shareholder approval.
- Fees cover the period from July 1, 2024 to June 30, 2026, owed to current and former directors and management.
- Closing requires disinterested shareholder approval at the Nov. 19, 2026 annual meeting, TSXV acceptance.
- Settlement shares to carry a statutory four-month hold period; transaction not expected to create a new control person.
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