Kincora Copper rollback to take effect Sept. 4

Executive Summary

• The previously announced $4 million private non‑brokered placement of units is fully subscribed and will close shortly after shareholder approval.
• Kincira’s board has approved a 1‑for‑10 consolidation of its common shares, effective September 4, 2025, subject to regulatory approvals.
• Post‑consolidation, the company will have approximately 29.2 million consolidated shares (including CDIs) outstanding, and after the placement close, about 42.5 million consolidated shares (including CDIs).

Key Details

• Private Placement: $4 M in units fully subscribed; closing to occur after the Aug 27, 2025 annual general and special meeting approvals.
• Consolidation Ratio: 1 share (or CDI) for every 10 pre‑consolidation shares/CDIs.
• Effective Date: September 4, 2025, pending regulatory and exchange approvals.
• Trading Symbols Post‑Consolidation: TSX Venture Exchange – KCC (new CUSIP 49451A702, ISIN CA49451A7024); ASX – KCC for CDIs.
• Share Count Pre‑Consolidation: 291,720,904 common shares issued and outstanding (including 235,479,088 CDIs).
• Share Count Post‑Consolidation: ~29,172,090 consolidated shares (including 23,547,908 consolidated CDIs), subject to rounding of fractions.
• Post‑Placement Share Count: Expected ~42,505,424 consolidated shares (including 23,547,908 CDIs) after the 12‑month hold period on the new units.
• Fractional Shares: No fractional post‑consolidation shares or CDIs will be issued; fractions will be rounded to the nearest whole share/CDI.
• Shareholder Communications: Transfer agent Computershare Ltd. will send a letter of transmittal with exchange instructions; no action required from beneficial shareholders holding through intermediaries.
• Option Holders: Registered optionholders will receive updated issuer‑sponsored holding statements and exercise notices after the effective date.
• Regulatory Filings: Details are in the Management Information Circular dated July 18, 2025, available on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)