Business
KORE Announces Reinstatement of Trading and Corporate Updates
(TheNewswire) Vancouver, BC – TheNewswire - September 24, 2025 – ...
About this update from Kore Mining Ltd.
[{"type":"text","content":"KORE Announces Reinstatement of Trading and Corporate Updates\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC –\n \n\n TheNewswire -\n \n\n September 24,\n2025 –\n \n\n KORE Mining Ltd. (TSXV: KORE)\n(“\n \n\n KORE\n \n\n ” or the “\n \n\n Company\n \n\n ”)\n \n\n is pleased\nto provide an update on its reinstatement to trading on the TSX\nVenture Exchange (the “\n \n\n Exchange\n \n\n ”), and corporate updates.\n \n\n\n\n Reinstatement to Trading on the\nExchange\n \n\n\n\n KORE announces that, following the successful\nresolution of the Failure-to-File Cease Trade Order issued by the\nBritish Columbia Commission (the \"\n \n\n BCSC\n \n\n \") on July\n18, 2025, and revoked by the BCSC on August 5, 2025, the Exchange has\naccepted the Company’s application for reinstatement to trading. The\nCompany’s common shares (the “\n \n\n Common Shares\n \n\n ”) are\nexpected to be reinstated to trading on the TSXV under the current\nticker symbol of KORE in the coming days, subject to final\nconfirmation of the Exchange.\n \n\n\n\n Working capital deficiency\n \n\n\n\n As of June 30, 2025, the Company had a working capital\ndeficiency, as detailed in the condensed interim consolidated\nfinancial statement for six months ended June 30, 2025 available to\nreview at www.sedarplus.ca. Following the reinstatement, the Company\nintends to complete a non-brokered private placement of Common Shares\nto improve its financial position and address the deficiency.\n \n\n\n\n Notwithstanding that this item has previously been\ndisclosed in financial statements of the Company, the Exchange has\nrequested that the Company provide these disclosures in connection\nwith KORE’s reinstatement review process with the Exchange, all in\naccordance with TSXV policies.\n \n\n\n\n Loan Agreement\n \n\n\n\n KORE discloses that on August 23, 2023, it entered into\na loan agreement with Karus Gold Corp. (the “\n \n\n Karus\n \n\n ”), a related\nparty at the time due to a common director, James Hynes. The Loan\nAgreement, which was subject to the Exchange’s acceptance and\ndisclosed in KORE’s interim and annual filings, provided KORE with\nloans totaling US$225,000 (the “\n \n\n Principal Amount\n \n\n ”),\nnon-inte...