Finore Mining Announces Change of Directors
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April 18, 2017Finore Mining Announces Termination of Securities Exchange Agreement with Kushtown USA, LLC
Finore Mining Inc. (“Finore” or the “Company“) (CSE: FIN; OTC:FNREF) announces the
termination of the Securities Exchange Agreement dated January 25, 2017 among the Company,
Kushtown USA, LLC (“Kushtown”) and the members of Kushtown (the “SEA”) with respect to
the acquisition of all of the issued and outstanding membership interests of Kushtown (the
“Transaction”). The Transaction was announced in the Company’s news release dated January
26, 2017. The Company and Kushtown members have mutually agreed to terminate the SEA
due to irreconcilable differences on operating the business on a going forward basis.The Company currently has approximately $3,000,000 in cash and management intends to
immediately begin assessing other opportunities to increase shareholder value.
termination of the Securities Exchange Agreement dated January 25, 2017 among the Company,
Kushtown USA, LLC (“Kushtown”) and the members of Kushtown (the “SEA”) with respect to
the acquisition of all of the issued and outstanding membership interests of Kushtown (the
“Transaction”). The Transaction was announced in the Company’s news release dated January
26, 2017. The Company and Kushtown members have mutually agreed to terminate the SEA
due to irreconcilable differences on operating the business on a going forward basis.The Company currently has approximately $3,000,000 in cash and management intends to
immediately begin assessing other opportunities to increase shareholder value.
Cautionary Statement Regarding “Forward-Looking” Information
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.
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.
Listing: CSE - Symbol: FIN, OTC: FNREF
Company contact: [email protected]