Business
KORE Provides a Corporate Update and Announces Proposed Share Consolidation
(TheNewswire) Vancouver, BC – TheNewswire - August 19, 2025 – ...
About this update from Kore Mining Ltd.
[{"type":"text","content":"KORE Provides a Corporate Update and Announces Proposed Share Consolidation\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 August 19,\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 announce that the its Board of Directors has approved a\nconsolidation of its issued and outstanding common shares of the\nCompany (the “\n \n\n Common\nShares\n \n\n ”) on the basis of one (1) new Common\nShare for every five (5) outstanding Common Shares (the\n“\n \n\n Consolidation\n \n\n ”). The Company believes that the Consolidation will\nenhance its ability to pursue future financing opportunities. The\nConsolidation remains subject to the Exchange approval.\n \n\n\n\n As of today, the Company has 202,426,357 Common Shares\nissued and outstanding. After the Consolidation, there will be\napproximately 40,485,271 Common Shares issued and outstanding (subject\nto any differences due to rounding). No fractional Common Shares will\nbe issued as a result of the Consolidation. Any fractional share less\nthan one-half of a Common Share will be cancelled, and any fractional\nshare equal to or greater than one-half will be rounded up to the\nnearest whole share.\n \n\n\n\n In calculating such fractional interests, all Common Shares\nheld by a beneficial holder shall be aggregated.\n \n\n No cash consideration will be paid in respect of fractional shares.\nThe exercise or conversion price and the number of Common Shares\nissuable under any of the Company’s outstanding convertible\nsecurities will be proportionately adjusted upon the\nConsolidation.\n \n\n\n\n The Company does not intend to change its current name\nof “Kore Mining Ltd.” or its current trading symbol of “KORE”\nin connection with the proposed Consolidation. The effective date and\nnew ISIN assigned post-Consolidation will be announced in a subsequent\nnews release.\n \n\n\n\n In addition, the Company announces that today the\nproposed non-brokered private placement announced on November 1, 2024,\nand the proposed shares for debt transactions announced on March 29,\n2024 and approved at the Company’s annual general meeting held July\n5, 2024, have been ...