PacificOre calls dissident claims false, Bordin resigns 1st May 2013 VanadiumCorp News Releases VANCOUVER, BRITISH COLUMBIA -2013-05-01 Mr. Christian Derosier reports PACIFICORE REFUTES FALSE ALLEGATIONS Dennis Bordin has resigned from PacificOre Mining Corp.’s board of directors. Mr. Bordin wishes to focus on his other commitments but remains available to assist the company with its efforts to advance its projects. The company thanks Mr. Bordin for his service on the board. The company has become aware of false allegations lodged against its board of directors in a news release disseminated by Wim (Adriaan) Bakker and Stephen Pearce on April 30, 2013. In particular: “Certain PacificOre board members were advising shareholders they had appointed a new [chief executive officer].” — False. No board member has advised any shareholder that a CEO has been appointed. Nor has a CEO been appointed by the company since Patrick O’Brien’s resignation. “The board’s choice to ignore basic corporate governance principles and securities law. A new CEO is a material change.” — False. Since no CEO has been appointed, there is nothing for the company to disclose. Moreover, Mr. Bakker and Mr. Pearce alleged in their own news release that the so-called “potential CEO will not accept the position.” Therefore, the allegation that the board has not reported a material change is false, illogical and completely groundless. “Obvious attempt to ensure [the directors’] positions would remain protected.” — False. Mr. Bordin’s resignation contradicts the dissidents’ frequent but unproven allegation that the board is trying to entrench itself. “Questionable financial dealings within the company have been exposed by the concerned shareholders.” — Unproven. The company wishes to remind shareholders that its financial statements are audited on an annual basis. The company is focusing its efforts on advancing its exploration program, strengthening its financial position and transitioning to a new management team. The company considers those endeavours to be in the best interests of shareholders and continues to make progress on all of them. Share This Tweet Share Share Email Related Posts Production Technology and Supply Agreement VanadiumCorp is pleased to announce the completion of an agreement with Enscitech Ltd. ("Enscitech") for first right of refusal "FROR" for patented "WAVE" technology and additional FROR for exclusive supply of vanadium bearing flyash from the Alberta oil sands. PacificOre names Bakker, Pearce, Sorbara to board PacificOre Mining Corp.'s proxy contest that began on April 1, 2013, has ended with the resignation of the entire board and the appointment of Adriaan Bakker, Stephen Pearce and Paul Sorbara. In addition to these appointments Adrian O'Brien and John Hewlett have also been appointed to the board of directors. VanadiumCorp-Electrochem Process Technology Development Planned For Australian Joint Venture VanadiumCorp Resource Inc. applauds the Joint Venture Agreement (“JV”) signed with vertically integrated electrochemical processing and energy storage technology company Ultra Power Systems Pty Ltd (“UPS”) and Australian Vanadium Limited (ASX: AVL, “AVL”) to evaluate and develop the Coates Vanadium Project near Perth.