Finore Mining Enters into Amalgamation Agreement with Micron Waste Technologies

Finore Mining (“Finore” or the “Company”) (CSE:FIN) (OTC:FNREF) is pleased to announce that the Company and Micron Waste Technologies (“Micron”) have entered into an Amalgamation Agreement dated as of June 2, 2017 (the “Agreement”).

The Agreement is structured as a three-cornered amalgamation whereby Micron will amalgamate with a newly incorporated British Columbia subsidiary of Finore and all the issued and outstanding shares of Micron (the “Micron Shares”) are exchanged for common shares of the Company (the “Finore Shares”) with Micron becoming a subsidiary of Finore (the “Proposed Transaction”). Following the completion of the Proposed Transaction all of the securityholders of Micron will become securityholders of Finore.

Prior to closing of the Proposed Transaction, the Company will change its name to Micron Waste Technologies, or such other name as agreed by the parties, and will complete a consolidation of the Finore Shares on the basis of one post-consolidated Finore Shares for every two pre-consolidation Finore Shares.

Pursuant to the Proposed Transaction, the shareholders of Micron will receive one post-consolidated Finore Share for each Micron Share. No concurrent financing is anticipated to occur in connection with the Proposed Transaction. The Company and Micron have approximately C$5,400,000 in cash at the date of this news release.

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