KORE Mining Announces 2020 AGM Results

Rhea-AI Summary

KORE Mining Ltd. (TSXV: KORE, OTCQX: KOREF) announced the results of its annual general and special meeting held on October 9, 2020, in Vancouver, BC. Shareholders approved all items on the agenda, including the election of the Board of Directors, the reappointment of PricewaterhouseCoopers LLP as auditors, the ratification of the rolling Stock Option plan, and the approval of the fixed Omnibus plan. KORE, backed by significant investors like Eric Sprott, is focused on gold exploration and development in California and British Columbia, with a strong capital position bolstered by a recent $7.5 million investment.

Positive

• All resolutions at the annual meeting were approved by shareholders.
• Board of Directors nominees were unanimously elected.
• PricewaterhouseCoopers LLP re-appointed as auditors.
• KORE secured $7.5 million in funding from Eric Sprott.

Negative

• None.

VANCOUVER, BC, Oct. 9, 2020 /PRNewswire/ - KORE Mining Ltd. (TSXV: KORE) (OTCQX: KOREF) ("KORE" or the "Company") is pleased to announce the results of voting at its annual general and special meeting of shareholders which was held today in Vancouver, British Columbia (the "Meeting").  All matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, dated September 4, 2020, were approved by the requisite majority of votes cast at the Meeting, including:

• Electing all nominees to the Board of Directors of the Company, including Harry Pokrandt, Brendan Cahill, Robert J. MacDonald, James Hynes, Scott Trebilcock and Adrian Rothwell;
• Re-appointing PricewaterhouseCoopers LLP, Chartered Accountants as auditor for the ensuring year and authorizing directors to determine auditor's compensation;
• Ratifying and approving the Company's rolling Stock Option plan; and
• Approving the Company's fixed Omnibus plan.

Management of the Company would like to thank the Company's shareholders for their continued support. 

About KORE Mining Ltd.

KORE is 100% owner of a portfolio of advanced gold exploration and development assets in California and British Columbia.  KORE, supported by strategic investors Eric Sprott and insiders, including management and Board, own 64% of the basic shares outstanding.  KORE is well capitalized with recent investment from Mr. Eric Sprott, adding $7.5 million to the treasury.  Further information on KORE and its assets can be found on the Company's website at www.koremining.com and at www.sedar.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

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.

View original content:http://www.prnewswire.com/news-releases/kore-mining-announces-2020-agm-results-301149685.html

SOURCE Kore Mining

FAQ

What were the results of KORE Mining's annual meeting held on October 9, 2020?

All resolutions, including the election of the Board and reappointment of auditors, were approved.

Who were elected to the KORE Mining Board of Directors?

Elected members include Harry Pokrandt, Brendan Cahill, Robert J. MacDonald, James Hynes, Scott Trebilcock, and Adrian Rothwell.

What financial support did KORE Mining recently receive?

KORE Mining received a $7.5 million investment from Eric Sprott.

What stock option plans were approved at KORE Mining's annual meeting?

The rolling Stock Option plan and the fixed Omnibus plan were both ratified and approved.