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Tax Act from Mongolian Tax Authority News provided by Share this article Share this article A Mongolian subsidiary of Kincora has received a Tax Act ("2021 tax assessment") for 2.7 billion MNT, approximately US$950,000, from the Mongolian Tax Authority ("MTA") relating primarily to the 2016 merger with IBEX The 2016 IBEX merger required a tax assessment ("2016 tax assessment") as a condition precedent to closure and for reregistration of the merged entities The 2021 tax assessment is a retrospectively calculated liability and is not in-line with the 2016 tax assessment Three independent ex...
Share this article Share this article New high grade gold with copper rock chip samples on margin of Tourmaline Hills Intrusive Complex at the West Fox prospect: Average grade of 8.8g/t gold from 39 samples with 16 greater than 1g/t Results include: 118g/t gold with 0.33% copper; and, 34g/t gold with 0.86% copper West Fox is an intermediate sulfidation epithermal prospect with an out/sub-crop area of 3km by 1.2km identified for follow up exploration activities, including three new target areas Other epithermal target areas on the margin of the two neighboring large intrusive complexes wit...
Share: Binding term sheet executed with Resilience Mining Mongolia Pty Ltd ("RMM") for Kincora's Mongolian asset portfolio retaining significant upside to exploration, project generation and development successes Benefits to Kincora: to own 9.9% of RMM upon successful listing and raising on the ASX first right of refusal to gain a 20% interest in any new project generated by RMM in Mongolia VANCOUVER, BC, Dec. 14, 2020 /CNW/ - Kincora Copper Ltd. (the "Company", "Kincora") (TSXV:KCC) is pleased to announce a binding Option and Acquisition Agreement ("Agreement") with Resilience Mining Mong...
Kincora to retain carried upside to Mongolia portfolio Binding term sheet executed with Resilience Mining Mongolia Pty Ltd ('RMM') for Kincora's Mongolian asset portfolio retaining significant upside to exploration, project generation and development successes Benefits to Kincora: to own 9.9% of RMM upon successful listing and raising on the ASX first right of refusal to gain a 20% interest in any new project generated by RMM in Mongolia Vancouver, BC - December 14th, 2020 - Kincora Copper Ltd. (the 'Company', 'Kincora') (TSXV:KCC) is pleased to announce a binding Option and Acquisition Agre...