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Red White & Bloom Brands Completes Transformative Restructuring, Announces Delay in Filing of Annual Financial Statements, and Granting of MCTO

  • On May 1, 2024, KORE Mining Ltd. Announced that due to audit delays, it expects to postpone the submission of its annual financial report and the related management commentary for the year ending December 31, 2024.
  • The delay occurred because the audit began later than planned due to financial difficulties, which led to unpaid fees that prevented the timely compilation of essential financial documents needed by the auditor Davidson & Company LLP.
  • The company has since secured funding, re-engaged its auditor and service providers, and expects to complete the filings on or before May 31, 2025, while possibly consolidating its outstanding common shares in compliance with securities laws.
  • KORE Mining's forward-looking statements emphasize risks including permitting delays, administrative reviews by the BLM, potential invalidation of mining claims, and uncertainty about financing and exploration milestones.
  • This delay affects the company's transparency timeline but the public may continue trading shares during the MCTO, and KORE will continue advancing its exploration and development projects amid noted risks and uncertainties.
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Inside Ottawa Valley broke the news in Ottawa, Canada on Thursday, May 1, 2025.
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