Montreal, February 27, 2015 -Northcore Resources Inc. (TSXV: NCR) (the "Corporation") has applied to obtain a Management Cease Trading Order ("MCTO") from the Autorité des marchés financiers of Québec.
The Corporation will be late in filing the Company's audited annual financial statements for the year ended October 31, 2014, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Annual Financial Filings"). This filing is to be done by February 28, 2015. The filing should be done within forty-five (45) days from that date.
The Corporation's Auditors are demanding payment of their fees before they sign the Audit. Northcore is in the process of collecting the required funds to pay for its Audit from of its liquid assets which should be completed within the next 2 weeks.
During the period when Northcore will be under a MCTO the Corporation will be issuing bi-weekly press releases announcing the status of its efforts and will update the markets of the progress of its efforts to have the MCTO lifted. These releases will be done in compliance with Sections 4.3 and 4.4 of Policy 12-203 regarding MCTOs.
Neither the TSX-Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
For further information, please contact:
Northcore Resources Inc. Garry Majerle, Chairman of the Board of Directors Tel : (519) 697 6945 Northcoreres@gmail.com
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Montreal, February 27, 2015 -Northcore Resources Inc. (TSXV: NCR) (the "Corporation") has applied to obtain a Management Cease Trading Order ("MCTO") from the Autorité des marchés financiers of Québec.
