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KORE Mining: Spin-Out of British Columbia Assets to Create Karus Gold

11:52 MIN 1.484

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.

 

TSX-V: KORE

Frankfurt: EUSA

www.koremining.com