VANCOUVER, Nov. 13, 2019 /CNW/ - KORE Mining Ltd. (TSX-V:
KORE | OTCQB: KOREF) ("KORE" or the "Company") is
pleased to announce effective November 13,
2019, the Company's common shares will commence trading on
the OTCQB® Venture Market ("OTCQB") in the United States ("US") under the symbol
"KOREF". The Company's common shares will continue to trade on the
TSX Venture Exchange ("TSX-V") under the symbol "KORE".
Scott Trebilcock, KORE's CEO,
comments, "This launch is another milestone that will amplify our
US marketing efforts with a US trading symbol and expand our
strategy to introduce KORE to a broader audience. The OTCQB is
efficient for US investors and will help KORE build shareholder
value through enhanced trading liquidity and access to the US
retail investor market."
In addition to being upgraded to the OTCQB, the Company is
eligible with the Depository Trust Company ("DTC") for its common
shares. DTC is a subsidiary of the Depository Trust &
Clearing Corporation, a US company that manages the electronic
clearing and settlement of publicly traded companies. DTC
eligibility permits shares of KORE to be distributed, settled and
served through DTC's automated processes, leveraging the
efficiencies created through the electronic clearing and settlement
of securities for investors and brokers trading Canadian securities
in the US.
Information relating to KORE as well as real-rime price quotes
will be available on www.OTCmarkets.com. The OTCQB, operated by the
OTC Markets Group Inc., is the premier marketplace for
entrepreneurial and development stage companies that are committed
to providing a high-quality trading and information experience for
their US investors. To be eligible, companies must be current in
their financial reporting, and undergo an annual company
verification and management certification process. The OTCQB
quality standards provide a strong baseline of transparency, as
well as the technology and regulation to improve the information
and trading experience for investors.
About KORE
KORE is 100% owner of a
portfolio of advanced gold exploration and development assets in
California and British
Columbia. KORE is supported by strategic investors
Eric Sprott and Macquarie Bank who,
together with the management and Board own 66% of KORE. The
Company is well positioned to advance and unlock the value of its
multi-million ounces of gold resources.
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.
All statements in this press release, other than statements
of historical fact, are "forward-looking information" with respect
to KORE within the meaning of applicable securities laws. KORE
provides forward-looking statements for the purpose of conveying
information about current expectations and plans relating to the
future and readers are cautioned that such statements may not be
appropriate for other purposes. By its nature, this information is
subject to inherent risks and uncertainties that may be general or
specific and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct and that
objectives, strategic goals and priorities will not be achieved.
These risks and uncertainties include but are not limited to
exploration findings, results and recommendations, as well as those
risks and uncertainties identified and reported in public filings
under KORE's SEDAR profile at www.sedar.com.
Although KORE has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking information,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements. KORE disclaims any intention or
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise
unless required by law.
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SOURCE Kore Mining