Northcore Resources Inc. Resignations of Directors
August 31 2023 - 9:41PM
Northcore Resources Inc. (NCR)-
Joe DiMaria, Garry Majerle and François C. Desrosiers have
resigned as Directors of Northcore Resources effective immediately.
Mr. Taylor Sebastian had resigned in July, 2023. Mr. Desrosiers has
also resigned as President and CEO of the Company effective
immediately.
The Directors felt that they couldn’t perform their duties as
Directors because of the lack of cooperation they were getting from
the Company’s largest creditor and second largest shareholder. They
have asked that creditor and shareholder assume the responsibility
for the Company.
The Directors had diligently been working by filing the:
October 31, 2021, audited financial statements, the related
Officer Certificates and Management Discussions and Analysis;
Interim 2022 Quarterly unaudited financial statements, the
related Officers Certificates and Management Discussion and
Analysis;
October 31, 2022, audited financial statements, the related
Officer Certificates and Management Discussions and Analysis;
and
Interim 2023 Quarterly unaudited financial statements, the
related Officers Certificates and Management Discussion and
Analysis.
This work was done so that the Cease Trade Orders in place on
its securities, by the “Autorité des Marchés Financiers” (“AMF”) of
Québec, as well as the Ontario Securities Commission, the Alberta
Securities Commission, and the British Columbia Securities
commission, be revoked. The original Cease Trade Order was
instituted by the AMF on March 7, 2022. The Cease Trade Order was
instituted since the Corporation was not up to date on the filing
of its Audited Financial Statements and other related
documents.
The lack of cooperation and substantive support needed from the
largest creditor and second largest shareholder of the Company in
resolving certain issues has created a situation where the
Directors doubt the goodwill of this individual in getting the file
resolved and they doubt that they will be able to get the order
revoked. The Directors feel they have no other choice but to resign
effective immediately.
Disclaimers:
Statements reflect the current views of the
Company with respect to future events and are subject to certain
risks and uncertainties and other risks detailed from time-to-time
in the Company's on-going filings with the securities regulatory
authorities, which filings can be found at www.sedar+.com. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements either as a result of new information,
future events or otherwise, except as required by applicable
securities laws.
For further information
contact
François C. Desrosiers, 438-874-0558