VANCOUVER, Jan. 14, 2019 /CNW/ - KORE Mining Ltd.
("KORE" or the "Company") is pleased to announce that
it has appointed Mr. Darin Wagner as
an advisor to the company.
"I am pleased to be asked to assist the team at KORE Mining.
KORE has assembled a portfolio of early stage to advanced gold
focused assets in western North
America which demonstrate strong synergies with nearby
operating mines, proximity to new discoveries and exciting
exploration potential at a time when the gold market appears ready
to emerge from its recent slumber." said Darin Wagner, KORE Advisor.
Mr. Wagner is a Professional Geologist with over 25 years of
exploration and corporate development experience. Mr. Wagner spent
the first 10 years of his career with two of Canada's largest and most successful
exploration and mining companies (Noranda (now Glencore) and
Cominco (now Teck)) as a project geologist and manager in North and
South America.
In 1999 Mr. Wagner became Vice-President, Exploration for New
Millennium Metals Corp. which was successfully merged with Platinum
Group Metals Ltd. in 2002. Mr. Wagner served as Exploration Manager
for TSX-listed Platinum Group Metals through the acquisition,
discovery, and early phase of delineation of the multi-million
ounce West Bushveld PGE deposit in South
Africa.
Mr. Wagner became President of Sydney Resource Corp. in
September 2005 and helped engineer
the successful merger between Sydney and Band Ore Resources to form West
Timmins Mining Inc. in 2006. He then served as a President, CEO,
Director, and Qualified Person for West Timmins Mining through the
discovery of the high-grade Thunder Creek gold deposit in
Timmins, Ontario and the
acquisition of West Timmins by
Lake Shore Gold in an all share deal valued at $424 million, which was completed in November of
2009.
Since 2010 Mr. Wagner has served as President and CEO of
Balmoral Resources who have twice been recognized as Explorers of
the Year in Quebec, Canada. Mr.
Wagner and the team at Platinum Group Metals were also awarded the
NWOPA Explorer of the Year Award in 2004 for the Seagull Pt-Pd
discovery near Thunder Bay,
Ontario. In addition to his duties with Balmoral Mr. Wagner
currently serves on the Board of Directors of Palamina Corp, VR
Resources and was a co-founder Falco Resources, and a founding
director of NewCastle Gold (now Equinox Gold).
Subject to compliance with all applicable laws and the rules
(and approval) of the TSX Venture Exchange, KORE has granted a
total of 3,000,000 options pursuant to the stock option plan of the
Company to various officers, directors and consultants of the
Company, including Mr. Wagner (the "Stock Options"). The Stock
Options will have an exercise price of $0.14 and expire
on January 13, 2024. They will vest over two years as follows:
1,000,000 of the Stock Options will vest immediately with the
remaining 2,000,000 Stock Options vesting annually on January 13, 2020 and 2021, respectively.
About KORE
KORE Mining is a development stage company that offers exposure
to precious metals exploration and development in North America, with a corporate strategy
focused on advancing its California development and British Columbia advanced exploration stage
projects.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any KORE common shares in
the United States. The KORE common
shares to be issued in connection with the Transaction have not
been and will not be registered under the
United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or any state securities laws and may
not be offered or sold within the United
States or to U.S. persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Statement Regarding Adjacent Properties and
Forward-Looking Information
All information contained in this news release with respect
to KORE and Kore was supplied by the parties, respectively, for
inclusion herein, and KORE and its directors and officers have
relied on KORE for any information concerning such party, including
information concerning the Projects.
This news release contains forward-looking statements
relating to the future operations of the Company and other
statements that are not historical facts. Forward-looking
statements are often identified by terms such as "will", "may",
"should", "anticipate", "expects" and similar expressions. All
statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding
the future plans and objectives of the Company are forward-looking
statements that involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Such factors include, but are not
limited to: uncertainties related exploration and
development; the ability to raise sufficient capital to fund
exploration and development; changes in economic conditions or
financial markets; increases in input costs; litigation,
legislative, environmental and other judicial, regulatory,
political and competitive developments; technological or
operational difficulties or inability to obtain permits encountered
in connection with exploration activities; and labor relations
matters. This list is not exhaustive of the factors that may affect
the Company's forward-looking information. Important factors
that could cause actual results to differ materially from the
Company's expectations also include risks detailed from time to
time in the filings made by the Company with securities
regulations.
The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Company. The reader is
cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and the Company will update or
revise publicly any of the included forward-looking statements as
expressly required by Canadian securities law.
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SOURCE Kore Mining