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2011 News Releases

…begun drilling on the Lantinen Koillismaa palladium-platinum-gold-copper-nickel project (the "LK Project") as part of the Option Agreement with Nortec Minerals Corp. ("Nortec") to earn-in an 80% interest in the property (see Finore news release dated September 21, 2011). (read more)
…announce that it has signed a contract with a Finnish based drill contractor, Nivalan Timanttikairus Oy ("Nivalan") to carry out the Company's first drill program on the Läntinen Koillismaa palladium-platinum-gold-copper-nickel project ("LK Project") as part of the recently signed Option Agreement with Nortec Minerals Corp ("Nortec") (see Finore news release dated September 21, 2011). Nivalan is expected to mobilize to site by late November this year. Nivalan has experience in drilling on the LK Project, including the last 8,000 m of drilling for Nortec on the Kaukua Prospect, within the LK Project, in 2008 and 2009. (read more)
…announce that it has commissioned Watts, Griffis and McOuat ("WGM") to update the independent National Instrument 43-101 compliant mineral resource estimate and Technical Report on the recently optioned Läntinen Koillismaa PGE+Au-Cu-Ni ("LK") Project located in Northern Finland. Dr. Markku Iljina, Ph.D., EuroGeol, WGM Senior Associate will be the Project Manager for this report. Dr. Iljina will be assisted by WGM Senior Associate Mineral Resource Geologist, Mr. Cliff Duke, P. Geo. (read more)
…announce that effective today, the Company's name has changed from "Otterburn Ventures Inc." to "Finore Mining Inc.". (read more)
…the Company has successfully closed the option agreement with Nortec Minerals Corp. ("Nortec") announced on August 30, 2011 (the "Option Agreement"). The Company has completed its first option payment to Nortec comprised of a $900,000 cash payment and the issuance of 1,660,408 common shares of the Company. (read more)
…effective September 26, 2011, the Company's name will change from "Otterburn Ventures Inc." to "Finore Mining Inc.". (read more)
…entered into an option agreement with Nortec Minerals Corp. (TSXV: NVT) ("Nortec"), whereby Nortec has granted Otterburn the right to acquire up to an undivided 80% interest (the "Option") in and to certain exploration claims owned by Nortec known as the Läntinen Koillismaa project (the "Property" or "LK Project"). The LK Project covers a palladium-platinum–gold–copper-nickel ("PGE+Au-Cu-Ni") mineralized Marginal Series hosted within a sequence of mafic and ultramafic layered intrusions. (read more)
…entered into a binding Letter of Intent with Nortec Minerals Corp. (TSXV: NVT) ("Nortec") regarding advanced stage Pt-Pd-Au-Cu-Ni prospects in Finland. (read more)
…following the review of the Company's initial exploration results relating to the Singida gold project, it has determined that it will not be proceeding with the exercise of its option to acquire up to a 70% interest in certain primary mining licenses and prospecting licenses in Tanzania as previously announced on May 29, 2011. After careful consideration of the initial exploratory drilling at the Singida gold project, the Board of Directors believes it is in the best interests of shareholders to terminate all four options. (read more)
…Steven M. Green has been appointed as President of the Company. (read more)
…Michael Rapsch of Vancouver, BC will provide investor relations services for the Company. (read more)
…Otterburn and Lake Victoria Mining Company, Inc. (OTCBB:LVCA) ("Lake Victoria") have closed the acquisition of four options (the "Options") from Lake Victoria whereby Otterburn may earn up to an undivided 70% interest in certain primary mineral licenses and prospecting licenses owned by Lake Victoria known as the Singida Gold Project, North Mara Gold Project, Kalemela Gold Project and Geita Gold Project (collectively the "Properties"). (read more)
…grant of 2,650,000 incentive stock options to officers, directors and consultants of the Company pursuant to the Company's stock option plan. The options are exercisable at $0.46 per share and will expire on May 11, 2016. (read more)
…grant of 2,650,000 incentive stock options to officers, directors and consultants of the Company pursuant to the Company's stock option plan. The options are exercisable at $0.46 per share and will expire on May 11, 2016. (read more)
…the Company has now closed its previously announced non-brokered private placement (news release as of March 31, 2011 and April 26, 2011). (read more)
…Otterburn and Lake Victoria have signed four option agreements (collectively the "Agreements"), whereby Lake Victoria has granted Otterburn the right to acquire up to an undivided 70% interest (the "Options") in and to certain primary mineral licenses and prospecting licenses owned by Lake Victoria known as the Singida Gold Project, North Mara Gold Project, Kalemela Gold Project and Geita Gold Project (collectively the "Properties"). (read more)
…the Company have corrected its April 25, 2011 news release announcing the increase in the non-brokered private placement of up to $6,250,000 to up to $6,750,000. If the private placement is fully subscribed for, the Company will issue 15,000,000 units at a price of $0.45 per unit, for gross proceeds of up to $6,750,000 (the "Offering"). Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder thereof to purchase one additional common share of the Company at a price of $0.65 per share for a period of two (2) years from the closing date of the private placement. (read more)
…the Company has increased its previously announced non-brokered private placement (news release as of March 31, 2011) from $5,000,000 to $6,250,000. If the private placement is fully subscribed for, the Company will issue 13,888,888 units at a price of $0.45 per unit, for gross proceeds of up to $6,250,000 (the "Offering"). Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder thereof to purchase one additional common share of the Company at a price of $0.65 per share for a period of two (2) years from the closing date of the private placement. (read more)
…the Company has increased its previously announced non-brokered private placement (news release as of March 31, 2011) from $5,000,000 to $6,250,000. If the private placement is fully subscribed for, the Company will issue 13,888,888 units at a price of $0.45 per unit, for gross proceeds of up to $6,250,000 (the "Offering"). Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder thereof to purchase one additional common share of the Company at a price of $0.65 per share for a period of two (2) years from the closing date of the private placement. (read more)
…has entered into four Letters of Intent with Lake Victoria Mining Company, Inc. (LVCA:OTCBB) ("Lake Victoria"). (read more)