The Mongolia-focused copper explorer will issue 787,500 shares at a deemed price of $0.12 each. They are subject to a hold period of four months.
Kincora's shares-for-services plan was approved by written consent from disinterested shareholders and approved by the Toronto venture exchange in late 2016.
"The plan seeks to provide competitive packages to retain and attract key executives, align all senior executives/directors to the creation of value for shareholders, and minimize the cash overheads of the company."
Kincora shares in Toronto on Wednesday slipped around 4% at $0.11 each.