Vancouver, BC / ACCESSWIRE / June 10, 2014 / FINORE MINING INC. (CNSX: FIN; OTCQX: FNREF) (the "Company" or "Finore") is pleased to announce that further to the Company's May 23, 2014 news release, the consolidated common shares of the Company at a ratio of one (1) post-consolidated common share for every ten (10) pre-consolidation common shares held (the "Consolidation") will commence trading on the Canadian Securities Exchange on Monday June 16, 2014 under current name "Finore Mining Inc.", and under current stock symbol "FIN". The new CUSIP number will be 31808G202 and the new ISIN number will be CA31808G2027.
The Consolidation was approved by the shareholders of the Company on April 8, 2014.
At current date the Company has 159,559,023 common shares issued and outstanding and the Company will have approximately 15,955,902 common shares issued and outstanding following the Consolidation. Any fractional shares resulting from the Consolidation will be converted to whole shares pursuant to the provisions of Section 83 of the Business Corporations Act (British Columbia).
Letters of transmittal with respect to the Consolidation are to be mailed to all registered shareholders of the Company as at June 16, 2014. All registered shareholders will be required to send their respective certificates representing the pre-consolidation common shares along with a properly executed letter of transmittal to the Company's transfer agent, Valiant Trust Company ("Valiant"), all in accordance with the instructions provided in the letter of transmittal. All shareholders who submit a duly completed letter of transmittal, along with their respective pre-consolidation common share certificate(s) to Valiant, will receive a post-consolidated common share certificate bearing the new CUSIP/ISIN numbers of the Company.
On Behalf of the Board,
"Peter Tegart"
Peter Tegart
President & CEO
The CNSX does not accept responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.
SOURCE: Finore Mining Inc.