Thenewswireยท2025-09-25 02:10Core Viewpoint - KORE Mining Ltd. has successfully resolved its trading suspension and is set to be reinstated on the TSX Venture Exchange, while also addressing its working capital deficiency through a private placement and share consolidation [2][3][7]. Reinstatement to Trading - KORE Mining has received approval for reinstatement to trading on the TSX Venture Exchange after resolving a Failure-to-File Cease Trade Order issued by the British Columbia Commission [2]. - The common shares are expected to resume trading under the ticker symbol KORE in the coming days, pending final confirmation [2]. Financial Position - As of June 30, 2025, KORE Mining reported a working capital deficiency and plans to conduct a non-brokered private placement of common shares to improve its financial situation [3]. - The company had an outstanding loan balance of CAD$359,699 as of June 30, 2025, related to a loan agreement with Karus Gold Corp. [5]. Share Consolidation - KORE Mining has received approval to consolidate its issued and outstanding common shares on a 1-for-5 basis, reducing the number of shares from approximately 202.4 million to about 40.5 million [7][10]. - The effective date for the share consolidation is expected to be around September 29, 2025, with shareholders receiving instructions for exchanging their shares [8][11]. Corporate Governance - The consolidation was approved by resolutions passed by the board of directors, ensuring compliance with the Business Corporations Act of British Columbia [12]. Company Overview - KORE Mining focuses on creating value from its gold assets in California, particularly advancing the Imperial project while exploring district-scale gold assets [13].