Interview with President & CEO Scott Trebilcock.
Following the Spin-out, one hundred percent of Karus Gold common 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.
After the spin-out KORE Mining can focus on its two main projects in California: Imperial and Long Vally. Both deposits have a preliminary economic study and are being further developed towards production. In addition, KORE intends to drill promising targets on both projects.