The Mongolia-focused copper explorer will issue the shares at a deemed price of $0.12 each
Ltd () (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.
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.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Kincora Copper named herein, including the promotion by the Company of Kincora Copper in any Content on the Site, the Company receives from...
FOR OUR FULL DISCLAIMER CLICK HERE