Starcore Buys Back Shares
October 15, 2024 TSX: SAM
FSE: V4JA
NOT FOR DISTRIBUTION IN THE UNITED STATES
Starcore Buys Back Shares
Vancouver, B.C. - Starcore Mines International Ltd. (TSX:SAM) (“Starcore” or the “Company”) announces that
it has bought back 8,666,667 common shares (the “Shares”) previously issued as partial consideration for a
Mineral Property Option Agreement with K Mining SARL (“K Mining”), an Ivorian company, regarding various
mineral properties in Cóte d’Ivoire.
Starcore negotiated to acquire the Shares from the sole shareholder of K Mining at $0.10 per share, payable in 12
equal tranches over 33 months. “After receiving conditional approval from the TSX, and the payment of the first
tranche of $72,222, the Shares have been returned to treasury,” confirmed Robert Eadie, President and CEO of
Starcore. “The transaction received unanimous approval from Starcore’s Board, who recognized the value in the
anti-dilutive opportunity of acquiring Starcore shares at a significant discount to market.”
The Company is continuing its exploration work on the Kimoukro Property in Cóte d’Ivoire, a region prospective
for gold mining. With its international partners, Starcore’s objective is to delineate potential geological targets
for subsequent detailed exploration for and exploitation of untapped mineral resources.
About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. While
this base of producing assets has been complemented by exploration and development projects throughout North
America, Starcore has expanded its reach internationally with the project in Côte d’Ivoire. The Company is a
leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term
shareholder value. You can find more information on the investor friendly website at www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.
(sgd.) “Robert Eadie”
President & Chief Executive Officer
2
FOR FURTHER INFORMATION PLEASE CONTACT:
ROBERT EADIE
Telephone: (604) 602-4935 ext. 205
The Toronto Stock Exchange has not reviewed, nor does it accept responsibility
for the adequacy or accuracy of this press release.
This news release contains “forward -looking” statements and information (“forward -looking statements”). All statements,
other than statements of historical facts, included herein, including, without limitation, management’s expectations and the
potential of the Company’s projects, are forward looking statements. Forward-looking statements are based on the beliefs of
Company management, as well as assumptions made by and information currently available to Company’s management and
reflect the beliefs, opinions, and projections on the date the statements are made. Forward-looking statements involve various
risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward -looking statements.
There can be no assurance that such s tatements will prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements, including that the Company will be able to pay the full future purchase
price for the Shares being acquired, or the nature or extent of future exploration work on the Kimoukro Property . The
Company assumes no obligation to update forward‐looking statements or beliefs, opinions, projections or other factors,
except as required by law.