(via Thenewswire.ca)
Vancouver, British Columbia / TheNewswire / June
28, 2016. Further to the Management Cease Trade
Order dated May 2, 2016 (the “MCTO”) issued under National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203”) in respect of Finore
Mining Inc. (CSE: FIN; OTCQX: FNREF) (the “Company” or
“Finore”), the default announcement of the Company dated April 29,
2016 (the “Default Announcement”), and the subsequent bi-weekly
default status reports issued on May 16, 2016, May 30, 2016 and June 13, 2016, the Company announces that it has recently
closed the final tranche of a private placement to raise $110,000 for working capital, that it has paid
outstanding audit fees and that the Company’s auditor is in the process of completing the audit of the Company’s annual financial
statements (the “Annual Statements”) for the fiscal year ended December 31, 2015.
The Company advises that it is delinquent in respect of the filing of interim financial statements for the quarter
ended March 31, 2016 and related MD&A and certifications and that it anticipates filing the same within 2 weeks of when the
Annual Statements are filed.
Pursuant to the MCTO, the Chief Executive Officer and the Chief Financial Officer of the Company
may not trade in securities of the Company until such time as the Company files the Annual Statements, Management’s Discussion and
Analysis (“MD&A”) in respect of the Annual Statements and related
certifications, and the Executive Director of the British Columbia Securities Commission (the “BCSC”) revokes the MCTO. The MCTO does not affect the ability of other shareholders of the Company to
trade their securities.
Other than as disclosed in this press release, there are no material changes to the information contained in the
Default Announcement. The Company confirms that it intends to satisfy the provisions of section 4.4 of NP 12-203 and will continue
to issue bi-weekly default status reports for so long as the Company remains in default of the financial statement filing
requirements.
On behalf of the Board of Directors,
FINORE MINING INC.
“Peter Tegart”_____
Peter Tegart
Chief Executive Officer
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Certain information set out in this news release constitutes forward-looking information. Forward looking statements
are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”,
“may”, “will”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. In particular, this news release contains
forward-looking statements in respect of among other things, the filing of the Required Records and the timing thereof.
Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of
such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that
the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained
from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers
are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance
that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature,
forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause
actual results in future periods to differ materially from any estimates or projections of future performance or results expressed
or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in
the Company’s most recent management's discussion and analysis under the heading “Risks and Uncertainties”, a copy of which is
filed on SEDAR at www.SEDAR.com, and readers are cautioned that the risk factors disclosed therein should not be construed as
exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or
assume any obligation, to update these forward-looking statements.
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