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Kincora Copper issues 787,500 shares for services

The Mongolia-focused copper explorer will issue the shares at a deemed price of $0.12 each

Copper wire
The firm is focused on copper-gold projects in Mongolia

Kincora Copper Ltd (CVE:KCC) (OTCMKTS:BZDLF) revealed it would issue shares to certain directors, officers and service providers for services during the last three months of 2018.

The Mongolia-focused copper explorer will issue 787,500 shares at a deemed price of $0.12 each. They are subject to a hold period of four months.

READ: Kincora Copper issues more than 560K shares to service providers

Kincora's shares-for-services plan was approved by written consent from disinterested shareholders and approved by the Toronto venture exchange in late 2016.

"The plan seeks to provide competitive packages to retain and attract key executives, align all senior executives/directors to the creation of value for shareholders, and minimize the cash overheads of the company."

Kincora shares in Toronto on Wednesday slipped around 4%  at $0.11 each.

Quick facts: Kincora Copper Ltd

Price: 0.16 CAD

TSX-V:KCC
Market: TSX-V
Market Cap: $22.07 m
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