Finore Mining, Inc. (FNREF: OTCQX International) | FINORE COMPLETION OF SHARES FOR DEBT SETTLEMENT

OTC

FINORE COMPLETION OF SHARES FOR DEBT SETTLEMENT

Sep 27, 2013

OTC Disclosure News Service

Vancouver, BC, Canada

120

FINORE
COMPLETION OF SHARES FOR DEBT SETTLEMENT

 

Vancouver, British Columbia ? September 27,
2013, Finore Mining Inc. (CNSX: FIN; OTCQX: FNREF) (?Finore?
or the ?Company?) announces that it has
entered into a debt settlement agreement on September 18, 2013 (the ?Debt
Settlement Agreement?) with Baron Global Financial Canada Ltd. (?Baron?), a
company affiliated to a director of the Company to provide advisory services,
pursuant to which the Company settled $50,000 of debt owed to Baron by the
issuance of 2,500,000 common shares of the Company at a deemed price of $0.02
per share on September 27, 2013.  The
Company determined to satisfy its outstanding indebtedness with shares to
preserve its cash for operations. 

 

The Company is
relying on the exemptions from the prospectus requirements found in section
2.14 of National Instrument 45-106 and applicable securities laws in Baron?s
jurisdiction of residence to issue the shares to Baron. The common shares
issued to Baron are subject to a hold period in British Columbia expiring on
January 28, 2014.

 

About Finore Mining Inc.

 

Finore is currently nearing the completion to acquire 100% interest in
the LK Project
through the acquisition of NorMinOy, a wholly-owned subsidiary of Nortec. F
inore?s goal is to define a large-tonnage
PGE+Au-Cu-Ni deposit in Finland, thereby maximizing value on behalf of its
shareholders.  

 

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

 

?Peter Tegart?

Peter
Tegart

President CEO

 

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

 

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

FIN – NR Debt Settlement Baron.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.

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