Newcore Gold Ltd. (TSXV: NCAU | OTCQX: NCAUF) is amending the terms of its non-brokered private placement financing under the Listed Issuer Financing Exemption (as defined below), previously announced on 5 September 2024, whereby the company now intends to raise up to C$5,500,000 through an offering of up to 18,965,518 units of the company priced at C$0.29 per unit. The securities offered under the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.
Each unit will consist of one common share in the capital of the company one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of C$0.40 per common share for a period of 12 months following the completion of the offering.
The company intends to use the net proceeds of the offering to fund exploration and development activities at the company’s 100% owned Enchi Gold Project in Ghana, as well as for general corporate and working capital purposes. Finder’s fees may be payable in accordance with the policies of the TSX Venture Exchange.
The offering is scheduled to close on or about 26 September 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.
To read more about this, please visit www.newcoregold.com
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