On October 30, 2018, KORE Mining Ltd. completed a reverse take over transaction whereby KORE’s existing shareholders exchanged their shares for shares of the company formerly known as Eureka Resources Inc, a TSX Venture Exchange listed issuer. The listed issuer now trades under the name KORE Mining Ltd. and holds the combined assets of KORE and Eureka.
Concurrently with the reverse take over transaction, KORE and Eureka completed a private placement financing of subscription receipts and convertible debentures having total proceeds of $2.2 million.
Cassels acted for KORE with a team that included Jennifer Traub, John Christian and Aimee O’Donnell (M&A and Securities). Cassels also acted for KORE in its acquisition of the Imperial and Long Valley mineral projects located in California, and several rounds of private placement financings prior to the completion of the transaction with Eureka.