VanadiumCorp has arranged a non-brokered private placement of up to 1,400,000 flow-through common shares at a price of $0.07 cents per share for total proceeds of up to $98,000.
VANCOUVER, BRITISH COLUMBIA – October 15, 2013 – PacificOre Mining Corp. (TSX-V: “PC”) (OTCQX: “APAFF”) (the “Company”) and its Board of Directors are pleased to report that Management’s nominees were elected as directors for the ensuing year by Shareholders at the Company’s Annual General and Special Meeting (“AGM”) held October 11, 2013. Shareholders cast a record number of shares and gave a strong vote of confidence to the new team.
Adriaan Bakker, Stephen Pearce, Paul Sorbara, John Hewlett and Adrian O’Brien have all been elected to the Board of Directors; with the overwhelming support of Shareholders. At the Director’s Meeting following the AGM, Adriaan Bakker was appointed as President and Chief Executive Officer and Stephen Pearce as the Chief Financial Officer and Corporate Secretary.
Adriaan Bakker, CEO states, “PacificOre’s directors are very pleased to have received such a strong mandate and resounding support from our Shareholders. The Company will now embark on a process to focus on advancing the Company’s Vanadium Projects. We will continue to build our team and are committed to providing regular updates to Shareholders as we move forward.”
About PacificOre Mining Corp.:
PacificOre is a mining Company with a growth strategy focused on development of its most advanced project, the 100% owned Lac Dore Project in Quebec, Canada. The Lac Dore Project is a high grade Vanadium project with near surface mineralization and nearby infrastructure supporting the economic viability of the project. Vanadium has been dubbed “the electric metal” for its bright future in energy storage and green technology but its main use today is in high-quality steel. This unique project located in one of the best mining jurisdictions holds the key for a stable Canadian supply of Vanadium for years to come.
FOR MORE INFORMATION CONTACT:
W. Adriaan Bakker or Stephen Pearce at 1-604-385-4485
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.