VANCOUVER, BC, Feb. 17, 2021 /CNW/ - KORE Mining Ltd.
(TSXV: KORE) (OTCQX: KOREF) ("KORE" or the "Company")
is pleased to announce the appointment of Liz Monger as Vice President, Investor
Relations, effective February 17
2021.
Ms. Monger has 25 years of investor relations, communications
and compliance experience and was most recently the Manager of
Investor Relations and Corporate Secretary at Midas Gold Corp. from
June 2011 to January 2021. During her time at Midas Gold, Ms.
Monger led investor relations for the Company and was a
key part of the project communications team that built an alliance
of Idaho mining companies.
Prior to joining Midas Gold, Ms. Monger spent six years with Rainy
River Resources Ltd., departing as Director of Investor Relations,
and before that was responsible for Corporate Communications,
Compliance and Land Management at Rubicon Minerals Corporation.
Ms. Monger has a Bachelor of Arts from the University of British Columbia and is a member of
the Canadian Investor Relations Institute. Ms. Monger serves
on the chapter advisory board of the BC &
Yukon chapter of the Make-A-Wish
Foundation and is the President and a Director of the Society of
Investor Relations Executives in Mining (SIREM).
Scott Trebilcock, President &
CEO of KORE Mining stated, "We are extremely excited to welcome Ms.
Monger to the KORE management team. Ms. Monger has strong
institutional investor and industry relationships. Her
experience leading investor relations and building new
relationships will contribute significantly to KORE's objective to
grow and diversify our shareholder base."
KORE has granted 250,000 stock options at a price of
$1.00 per share exercisable for a
period of five years to Ms. Monger. These options are subject to
regulatory approval and are granted under the Company's long-term
incentive plan and include vesting provisions.
About KORE Mining
KORE is 100% owner of the Imperial
and Long Valley gold projects assets
in California. Both projects have positive economic
assessments and putting KORE on the path to over 250,000 ounces
annually of gold production. KORE is supported by strategic
investor Eric Sprott who owns 26% of
KORE's basic shares. KORE management and Board are aligned
with shareholders, owning an additional 38% of the basic shares
outstanding. KORE is aggressively exploring across its
portfolio of assets and actively developing its Imperial Gold
project.
Further information on Imperial and KORE can be found on the
Company's website at www.koremining.com or by contacting us as
info@koremining.com or by telephone at (888) 407-5450.
On behalf of KORE Mining Ltd
"Scott
Trebilcock"
Chief Executive Officer
(888) 407-5450
Investor Relations
Arlen
Hansen, KIN Communications
1-888-684-6730
kore@kincommunications.com
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 Forward-Looking Information
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", "intends", "indicates" 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. Forward-looking statements in this news release
include, but are not limited to, statements with respect to: the
objective to grow and diversify the shareholder base, the mine
plans to attain 250,000 ounces of gold production, and the ongoing
ability to work cooperatively with stakeholders, including the all
levels of government to explores and develop assets. Such
forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment
regarding the direction of our business. Management believes that
these assumptions are reasonable. Forward looking information
involves known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking information.
Such factors include, among others: risks related to exploration
and development activities at the Company's projects, and factors
relating to whether or not mineralization extraction will be
commercially viable; risks related to mining operations and the
hazards and risks normally encountered in the exploration,
development and production of minerals, such as unusual and
unexpected geological formations, rock falls, seismic activity,
flooding and other conditions involved in the extraction and
removal of materials; uncertainties regarding regulatory matters,
including obtaining permits and complying with laws and regulations
governing exploration, development, production, taxes, labour
standards, occupational health, waste disposal, toxic substances,
land use, environmental protection, site safety and other matters,
and the potential for existing laws and regulations to be amended
or more stringently implemented by the relevant authorities;
uncertainties regarding estimating mineral resources, which
estimates may require revision (either up or down) based on actual
production experience; risks relating to fluctuating metals prices
and the ability to operate the Company's projects at a profit in
the event of declining metals prices and the need to reassess
feasibility of a particular project that estimated resources will
be recovered or that they will be recovered at the rates estimated;
risks related to title to the Company's properties, including the
risk that the Company's title may be challenged or impugned by
third parties; the ability of the Company to access necessary
resources, including mining equipment and crews, on a timely basis
and at reasonable cost; competition within the mining industry for
the discovery and acquisition of properties from other mining
companies, many of which have greater financial, technical and
other resources than the Company, for, among other things, the
acquisition of mineral claims, leases and other mineral interests
as well as for the recruitment and retention of qualified employees
and other personnel; access to suitable infrastructure, such as
roads, energy and water supplies in the vicinity of the Company's
properties; and risks related to the stage of the Company's
development, including risks relating to limited financial
resources, limited availability of additional financing and
potential dilution to existing shareholders; reliance on its
management and key personnel; inability to obtain adequate or any
insurance; exposure to litigation or similar claims; currently
unprofitable operations; risks regarding the ability of the Company
and its management to manage growth; and potential conflicts of
interest.
In addition to the above summary, additional risks and
uncertainties are described in the "Risks" section of the Company's
management discussion and analysis for the year ended December 31, 2019 prepared as of April 27, 2020 available under the Company's
issuer profile on www.sedar.com.
Forward-looking statements contained herein are made as of the
date of this news release and the Company disclaims any obligation
to update any forward-looking statements, whether as a result of
new information, future events or results, except as may be
required by applicable securities laws. There can be no assurance
that forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information.
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SOURCE Kore Mining