Newcore Gold Ltd. (TSXV: NCAU) has entered into an agreement with a syndicate of underwriters led by Stifel GMP pursuant to which the Underwriters have agreed to purchase, on a bought deal basis to raise aggregate gross proceeds to the company of C$5,010,000.
The Company intends to use the net proceeds from the Offering to fund exploration and development expenditures at the company’s Enchi Gold Project in Ghana as well as for working capital and general corporate purposes.
About Newcore Gold Ltd.
Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s largest gold producer.
Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 27% equity ownership, and prime district scale exploration opportunities.
Enchi’s 216 sq. km land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several five million-ounce gold deposits, including Kinross’ Chirano mine 50 kilometres to the north. Newcore’s vision is to build a responsive, creative and powerful gold enterprise that maximises returns for shareholders.
For further information please visit: https://newcoregold.com/
