KORE Mining Accelerates Exploration With Closing of the First Tranche of the $7.5 Million Strategic Investment With Eric Sprott

VANCOUVER, BC, July 22, 2020 /PRNewswire/ – KORE Mining Ltd. (TSXV: KORE) (OTCQB: KOREF) (“KORE” or the “Company“) is pleased to announce the closing of the first tranche of the previously announced $7,500,000 non-brokered private placement consisting of 6,000,000 units at a price of $1.00 per unit (“Non-FT Units“) and 1,000,000 units of flow through units at $1.50 (“FT Units“) (collectively, the “Private Placement“). The first tranche, which closed today, consists of the 6,000,000 Non-FT Units for gross proceeds of $6,000,000, with the second tranche of the financing expected to close on or before July 29, 2020.