26 May 2016 07:00
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
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Smith & Williamson Corporate Finance Limited Azhic Basirov Ben Jeynes
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Public Relations Aura Financial Andy Mills |
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