Leocor Mining Inc. Plans Share Consolidation to Enhance Investor Appeal

Leocor Mining Inc., a junior resource company based in Vancouver, British Columbia, has announced plans to consolidate its common shares as part of an effort to enhance its appeal to potential investors. The company intends to consolidate its shares on a ten-to-one basis, meaning every 10 pre-consolidation shares will be exchanged for one post-consolidation share.

The move was approved by the board of directors of Leocor Mining Inc., formerly known as Leocor Gold Inc., and is subject to the approval of the Canadian Securities Exchange (CSE). Leocor Mining Inc. stated in its press release that it will issue a further news release announcing the effective date and final consolidation ratio once the CSE gives its approval.

Leocor Mining Inc. continues to focus on the exploration and development of precious metal projects in Eastern Canada. The company currently controls several gold-copper projects in the prolific Baie Verte Mining District, including the Dorset, Dorset Extension, Copper Creek, and Five Mile Brook projects. These projects cover a contiguous area of approximately 2,000 hectares.

"The consolidation is a strategic step to make our shares more attractive to new investors," said Alex Klenman, Chief Executive Officer of Leocor Mining Inc. "We are focused on maintaining our strong exploration position in the region while ensuring our shareholders' interests are well-served."

Leocor Mining Inc. operates from British Columbia and is involved in the acquisition and exploration of precious metal projects, particularly in Atlantic Canada. The company has not planned any name changes in conjunction with the consolidation.

No further updates are expected until the CSE provides its final approval for the share consolidation.