PacificOre CEO O’Brien resigns, company cancels AGM 18th April 2013 VanadiumCorp News Releases VANCOUVER, BRITISH COLUMBIA -2013-04-18 Mr. Don Venturi reports PACIFICORE ANNOUNCES CHANGES TO MANAGEMENT AND CANCELLATION OF AGM Patrick O’Brien has resigned from his positions as director, president and chief executive officer of PacificOre Mining Corp. Due to the changes to the board of directors and management, the company requires time to regroup. Accordingly, the annual general meeting of shareholders previously scheduled to be held on April 26, 2013, has been cancelled. The company will set a new date for the annual general meeting as soon as it is able to. The company continues to make progress with its exploration activities and is awaiting assay results from recent core samples. Share This Tweet Share Share Email Related Posts PacificOre dissidents occupy former company office The concerned shareholders recently took possession of the offices that PacificOre Mining Corp. previously leased in South Surrey, B.C. Left abandoned in these offices by PacificOre management were over 100 bankers boxes containing company documents, data, maps and equipment. VanadiumCorp Closes $1 million Private Placement VanadiumCorp has closed a non-brokered private placement financing for $1,000,000. Proceeds from the placement will be utilized for advancing the 100% owned Lac Dore Vanadium Project in Chibougamau, Quebec, Canada. PacificOre dissidents complain about admin expenses In keeping with the trend since 2005 when administration costs exceeded exploration costs by a staggering $10-million, the most recent financial statements filed by PacificOre Mining Corp. for the six-month period ending April 30, 2013, show exploration expenditures of $181,171, while administrative expenses were $542,138. While the current board will undoubtedly blame such lack of concern for shareholder interests on prior management, the current board has yet to formally state it will reverse this trend.