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Announcement re Kincora Copper Limited

26 May 2016 07:00

RNS Number : 3390Z
Origo Partners PLC
26 May 2016
 

26 May 2016

 

Origo Partners plc

("Origo" or the "Company")

 

 

Announcement re Kincora Copper Limited

 

 

Origo notes the announcement made yesterday by its portfolio company Kincora Copper Limited ("Kincora"). In that announcement Kincora announced that it has reached agreement providing for the merger of two Kincora subsidiaries with Ibex Land Mongolia LLC and Ibex Mongolia LLC ("Ibex"), entities indirectly controlled by High Power Exploration Inc ("HPX"). The full text of the Kincora announcement is available at:

http://web.tmxmoney.com/article.php?newsid=6073550268274121&qm_symbol=KCC

 

Niklas Ponnert said: "The combined group will benefit from increased scale through the creation of a portfolio of contiguous copper porphyry targets in a highly prospective region, access to one of the largest regional geophysical and surface geochemistry datasets as well as an enhanced, experienced team with complementary skill sets. Recent developments in Mongolia have been positive and this transaction creates a stronger foundation upon which Kincora can continue to develop."

 

For further information about Origo please visit www.origoplc.com or contact:

 

Origo Partners plc

Niklas Ponnert

niklas@origoplc.com

 

Nominated Adviser

 

Smith & Williamson Corporate Finance Limited

Azhic Basirov

Ben Jeynes

 

 

 

+44 (0)20 7131 4000

Public Relations

Aura Financial

Andy Mills

 

+44 (0)20 7321 0000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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