2023-06-13 06:13:48 ET
- Newcore Gold ( OTCQX:NCAUF ) ( TSXV: NCAU:CA ) gets a private placement financing , whereby the company intends to raise up to $5M through an offering of up to 33.33M units to be priced at $0.15 per unit.
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Each unit will consist of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder thereof to purchase one share at an exercise price of $0.20 per share for a period of 12 months,
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Net proceeds will be to fund exploration and development activities at the company’s 100% owned Enchi Gold Project in Ghana and for general corporate and working capital purposes.
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The offering is scheduled to close on or about June 28, 2023.
For further details see:
Newcore Gold raises $5M via private placement