VanadiumCorp Closes $1 Million Private Placement
VANCOUVER, BRITISH COLUMBIA – August 30, 2013 – Mr. Peter Swistak reports
RESIGNATION OF BOARD
PacificOre Mining Corp.’s four current directors — Ernest Brisbane, Christian Derosier, Peter Swistak and Don Wilson — have resigned from the board, effective Aug. 30, 2013. The outgoing board has appointed Paul Sorbara as director, who in turn has appointed Adrian Bakker and Stephen Pearce to the board. Brian F. Adams, CGA, has also resigned today from his position as chief financial officer of the company.
The outgoing directors have concluded that, at this time, it is not in the best interests of the company to continue the proxy contest. The directors thank those shareholders who have given their support to the board during this difficult time and hope that their support for PacificOre continues into the future.