MarketWatch / marketwire: Kincora Copper Announces Letter of Intent to Acquire New Mongolian Property

Kincora Copper Limited is pleased to announce that it has entered into a letter of intent with Forbes & Manhattan Inc., a Canadian merchant bank, and Temujin Mining Corp., a closely held private company, whereby the Company would acquire from Temujin all of the issued and outstanding shares of Golden Grouse LLC, a Mongolian company which holds certain mineral exploration licenses adjoining the Company’s Bronze Fox project in Mongolia referred to as the Manlai Licences. As consideration for the shares of Golden Grouse, the Company is to issue to Temujin approximately 35,000,000 shares of the Company, which shares are intended to be dividended out by Temujin to its shareholders concurrent with the closing of the Acquisition. To read the full article, click hereKincora Copper Announces Letter of Intent to Acquire New Mongolian Property

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