Thursday, December 12, 2024

KORE appoints new CFO, announces shares for debt transaction

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  • KORE Mining (TSXV:KORE:CA) has announced the appointment of Jim Henning as Chief Financial Officer, effective March 28, replacing Anil Jiwani who has resigned to pursue other opportunities.
  • Mr. Henning has served as a Chief Financial Officer and director for a number of TSX Venture Exchange and Canadian Securities Exchange-listed companies over the past several years.
  • The Company intends to issue up to 2,333,333 common shares at a deemed price of $0.045 per common share in lieu of aggregate outstanding amount of $105,000 owing to an officer and director.
  • The Company is proposing to issue the settlement shares to preserve cash to fund future operations.
  • Source: Press Release

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