Business NewsMarketWire • Pacific Iron Ore Corporation: Unable to Close Transaction on Sale of Ontario Gold Properties

Pacific Iron Ore Corporation: Unable to Close Transaction on Sale of Ontario Gold Properties

Pacific Iron Ore Corporation: Unable to Close Transaction on Sale of Ontario Gold Properties

CALGARY, ALBERTA--(Marketwired - Nov. 15, 2016) - Pacific Iron Ore Corporation (TSX VENTURE:POC) reports that it has been unable to complete the transaction with the purchaser on the sale of its interests in the St. Anthony's gold project as well as its other Ontario properties. Efforts to close the transaction have been ongoing for over a year and the Corporation is not able to determine if it can be completed. The Corporation will continue to work with the purchaser to complete the transaction but will now also pursue other avenues to develop or sell the properties. Unless the transaction finalizes no further announcements will be made regarding the status of the transaction.

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Pacific Iron Ore Corporation: Unable to Close Transaction on Sale of Ontario Gold Properties