Finore Mining, Inc. (FNREF: OTCQX International) | Finore Announces Private Placement

Finore Announces Private Placement

Mar 26, 2013

OTC Disclosure News Service

Vancouver, BC, Canada

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Finore
Announces Private Placement

 

Vancouver, B.C., March 26,
2013 FINORE MINING INC. (CNSX: FIN;
OTCQX: FNREF
) (the Company” or “Finore”)
is pleased to
announce a non-brokered private placement of common shares to raise up to $407,500
(the “Private Placement”).  The common
shares are to be issued at a price of $0.03 per share, subject to receipt of
CNSX approval, and the proceeds from the Private Placement are to be used for
general working capital.

 

The Private Placement will be made available by way of
private placement exemptions in Canada and may be offered in other
jurisdictions where they can be issued, exempt from any prospectus,
registration or other similar requirements. The
Private
Placement
is subject to a number of conditions including receipt of all necessary
corporate and regulatory approvals, including the approval of the Canadian
National Stock Exchange.

All shares issued in connection with the Private Placement will be subject to a statutory hold period of four months plus a day from
the date of issuance in accordance with applicable securities law legislation.

About Finore Mining Inc.

 

Finore has acquired
10
0% interest in
the LK Project as part of the
amendment agreement
with Nortec Minerals Corp. Finore’s
goal is to define a large-tonnage PGE+Au-Cu-Ni deposit in Finland, thereby
maximizing value on behalf of its shareholders.

 

For more information
please visit the Companys
website at  
www.finoremining.com.

 

On behalf of the
board
of
directors of Finore Mining Inc.,

 

Lawrence Dick

 

CEO

 

FOR MORE INFORMATION, PLEASE CONTACT:

 

Anthony Zelen

778-331-2028

 

The CNSX does
not accept responsibility for the adequacy or accuracy of this release.

 

FORWARDLOOKING 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.

 

 

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This release includes additional documents. Select the link(s) below to view.

FIN – NR Annouce $407k PP NR Mar 2013.pdf

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/FNREF/news?id=60551

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