Brief: Kincora Says Issued A Notice To Resilience Notifying It Of Failure Of Conditions Under Joint Venture Agreement

Kincora Copper

08/07/2022 10:34

July 8 (Reuters) - Kincora Copper Ltd  KCC.V :
    * KINCORA PROVIDES CORPORATE UPDATE FOR MONGOLIAN PORTFOLIO
    * ISSUED A NOTICE TO RESILIENCE NOTIFYING IT OF FAILURE OF
CONDITIONS UNDER JOINT VENTURE AGREEMENT
    * KINCORA COPPER - EFFECT OF NOTICE IS THAT, UNLESS MUTUALLY
AGREEABLE FURTHER VARIATION CAN BE REACHED, JV WILL TERMINATE IN
30 DAYS
    * ENABLES COMPANY TO PURSUE OTHER STRATEGIC OPTIONS FOR
MONGOLIAN
ASSET PORTFOLIO
    * CO HAS INDICATED THAT IT IS WILLING TO CONSIDER ANY
FURTHER
PROPOSAL, WHICH MAY BE PUT FORWARD BY RESILIENCE DURING 30-DAY
NOTICE PERIOD

Source text for Eikon:  ID:nCNWBtdKxa 
Further company coverage:  KCC.V 

 ((Reuters.Briefs@thomsonreuters.com;))