Private Placement
FOR IMMEDIATE RELEASE PRIVATE PLACEMENT
Vancouver, BC – February 1st, 2013
PacificOre Mining Corp. which trades on (TSX.V: “PC”), (U.S.A. OTCQX: “APAFF”), and (Frankfurt Symbol: “NWN”) is pleased to announce that the Company has amended its news released of January 31st, 2013. The Company has arranged, subject to regulatory approval, a private placement of up to 1,957,143 units at a price of $0.07 per unit, with no units issued at $0.08 each at this time, for total proceeds of $137,000 Cdn. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company. The warrants are exercisable at $0.14 Cdn, if exercised within a period of 48 months. All shares issued with respect to this private placement will be subject to a hold period of four months per the policies of the TSX Venture Exchange.
The Company has agreed to pay finder’s fees in respect to all or a portion of the proceeds accepted per the policies of the TSX Venture Exchange. The proceeds from the financing will be used for general operating capital.
PacificOre Mining invites the public to visit its website at http://www.pacificoremining.com or contact us by email at [email protected] to be added to the Company’s e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFICORE MINING CORP.
“Patrick D. O’Brien”
Patrick D. O’Brien, ICD.D – Chairman
SEC Exemption 12(g)3-2(b) File no. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. “SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE MAY CONTAIN FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN.
Suite 330, The Atelier Building, 825 Homer Street, Vancouver, British Columbia, Canada V6B 2W2 Tel: 604-683-8990 • Toll Free: 1-800-663-8990 • Fax 604-683-8903 • www.pacificoremining.com