Finore Announces Result of Annual General and Special Meeting and Closes Private Placement
(via Thenewswire.ca)
Vancouver, B.C., April 2, 2013 - FINORE MINING INC. (CNSX: FIN; OTCQX: FNREF) (the "Company" or "Finore") is pleased to announce that all the resolutions proposed at its 2013 Annual and General Special Meeting (the "Meeting") were passed.
Shareholders have appointed Savio Chiu, David Eaton, Peter Tegart, David Velisek, and Mohan Vulimiri to be the Company's board of directors.
MNP LLP, Chartered Accountings, has been reappointed as auditor of the Company. The amendments to the Company's 10% rolling share option plan as described in the information circular have been approved by the shareholders.
The share consolidation of every 5 pre-consolidation common shares into 1 post-consolidated common share was approved at the Meeting.
The Company also announces the resignation of Lawrence Dick as the Chief Executive Officer. Peter Tegart was appointed by the board of directors as the Chief Executive Officer of the Company effective March 28, 2013.
The Company has now closed its previously announced non-brokered private placement (news release as of Mar 26, 2013). The private placement consisted of issuance of 13,583,333 common shares of the Company (the "Shares") at a price of $0.03 per Share, for gross proceeds of $407,500 (the "Offering"). The securities issued under the Offering are subject to a hold period expiring on July 29, 2013. The net proceeds will be used for general working capital.
About Finore Mining Inc.
Finore has the sole and exclusive right and option to earn 100% interest in the Property in the LK Project. Finore's goal is to define a large-tonnage PGE+Au-Cu-Ni deposit in Finland, thereby maximizing value on behalf of its shareholders.
On behalf of the board of directors of Finore Mining Inc.,
"Peter Tegart"
Peter Tegart, CEO and Director
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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