(via Thenewswire.ca)
Vancouver, B.C., March 26, 2013 - FINORE MINING INC. (CNSX: FIN; OTCQX: FNREF) (the "Company" or "Finore") is pleased to announce a non-brokered private placement of common shares to raise up to $407,500 (the "Private Placement"). The common shares are to be issued at a price of $0.03 per share, subject to receipt of CNSX approval, and the proceeds from the Private Placement are to be used for general working capital.
The Private Placement will be made available by way of private placement exemptions in Canada and may be offered in other jurisdictions where they can be issued, exempt from any prospectus, registration or other similar requirements. The Private Placement is subject to a number of conditions including receipt of all necessary corporate and regulatory approvals, including the approval of the Canadian National Stock Exchange.
All shares issued in connection with the Private Placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities law legislation.
About Finore Mining Inc.
Finore has acquired 100% interest in the LK Project as part of the amendment agreement with Nortec Minerals Corp. Finore's goal is to define a large-tonnage PGE+Au-Cu-Ni deposit in Finland, thereby maximizing value on behalf of its shareholders.
For more information please visit the Company's website at www.finoremining.com.
On behalf of the board of directors of Finore Mining Inc.,
"Lawrence Dick"
CEO
FOR MORE INFORMATION, PLEASE CONTACT:
Anthony Zelen
778-331-2028
The CNSX does not accept responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.
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