Circular ) and related materials for the special meeting of the KORE shareholders (the
Meeting ) to be held on January 20, 2021 under its profile on SEDAR and on the Company s website at www.koremining.com/specialmeeting.
As previously announced in the Company s press release dated December 16, 2020, shareholders of the Company will consider and vote on the approval of the Spin-out. To be effective, the Spin-out must be approved by a special resolution passed by: (a) at least 66⅔% of the votes cast by KORE shareholders present or represented by proxy at the Meeting and (b) a majority of the votes cast by shareholders in person or represented by proxy at the Meeting, after excluding the votes cast by those shareholders whose votes are required to be excluded in accordance with Multilateral Instrument 61-101 –
Dominant 1,000 km
2 land position in the emerging Cariboo Gold District with Osisko Development Corp (TSX:ODV) investing heavily to the north
Flagship FG Gold project open for growth after 2020 Lower Zone discovery intercepts of:
10.0 meters of 3.9 g/t gold at 237 meters downhole
14.3 meters of 6.4 g/t gold at 386 meters downhole
Controls under-explored 110 km trend including five high-priority gold prospects
Results from 14 FG Gold holes and ongoing Gold Creek drilling expected through Q1 2021
Following the Spin-out, one hundred percent of Karus Gold common shares (the
Karus Shares ) will be distributed to KORE shareholders on a pro rata basis to their KORE holdings. Karus Gold will not initially be listed on a public stock exchange but will operate as a reporting issuer in British Columbia and Alberta. In early 2021, Karus Gold intends to conduct a rights offering to all Karus shareholders to initially capitalize the company, followed by a planned public stock excha