ProactiveInvestors: Kincora Copper closes Golden Grouse acquisition

Kincora Copper has closed its previously announced acquisition of Temujin Mining Corp.’s subsidiary, Golden Grouse, the company said Monday. The share exchange agreement between both Kincora and Temujin was first reported on January 16, 2012. Kincora issued 20 million shares to Temujin. On closing, Temujin kept 1.51 million Kincora shares and paid a dividend for the remaining stock to its shareholders. Kincora will also issue another 15 million shares to Temujin upon the discovery of one million inferred ounces of gold within four years of the deal’s close. Golden Grouse is a Mongolian company that holds the mineral exploration licenses 15075X and 15076X next to Kincora’s Bronze Fox project. To read the full article, click hereKincora Copper closes Golden Grouse acquisition

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