VANCOUVER, BC, Jan. 20, 2021 /PRNewswire/ - KORE Mining Ltd. (TSXV: KORE) (OTCQX: KOREF) (
KORE or the
Company ) is pleased to announce that with respect to its special meeting of shareholders held today (the
Meeting ), all of the resolutions were duly passed, including the special resolution (the
Arrangement Resolution ) to approve the proposed plan of arrangement (the
Arrangement ) pursuant to which KORE will spin-out its British Columbia exploration assets to Karus Gold Corp. (
Karus Gold ).
KORE CEO Scott Trebilcock commented, With the recent high-grade gold discovery at FG Gold of 14.35 meters of 6.44 g/t gold and drill results across 1.8 kilometers of strike from 14 pending holes, Karus is strongly positioned to attract capital and generate significant value for shareholders. We are excited to see Karus assets exposed to the valuation forces for a pure play explorer with high grade drill results in an excellent jurisdiction.