LASSMF becomes Kincora Cooper’s biggest shareholder

Kincora Copper, a junior resource company listed on the Canadian TSX Venture Exchange, announced that a new cornerstone investor, the LIM Asia Special Situations Master Fund Ltd (LASSMF), acquired a 28.7 percent interest in Kincora. The secondary market trade makes LASSMF the largest shareholder in Kincora.

"We are very pleased to welcome LASSMF, a fund managed by a preeminent Hong Kong investment manager, to strengthen our register and transition out of the recent period of uncertainty that has weighed on Kincora’s share price,” said Sam Spring, Kincora’s president and CEO.

“The secondary market acquisitions are a clear sign of confidence for the new board and the strategy Kincora is pursuing. Removing the overhang provides the foundation to again focus on advancing the first modern Tier1 drill testing and district scale exploration program in this highly mineralized belt where we hold the dominant position and are looking to drill test two targets this field season, and, be in a favorable position for further expansion activities,” Spring added.

LIM’s Founder, Chairman and Chief Investment Officer George W. Long said, “We are excited to have secured a strategic position in Kincora given their outlined targets and dominant land holding in the world-class Southern Gobi coppergold belt. We have been investing in Mongolia for over 15 years and also have experience investing in mining and natural resource projects in Central Asia, Indonesia, Australia, the Philippines, and other parts of the world.

“The company has a strong shareholder register backing the team which is credited with multiple Tier 1 copper discoveries, has a proven track record in Mongolia, is pursuing further countercyclical expansion, and we see opportunities to support the company given the structurally attractive medium term outlook for copper prices”.