Newcore Gold Secures $5 Million in Private Placement
Newcore Gold Announces Private Placement Financing
Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) is excited to share its plans for a non-brokered private placement financing, aiming to raise up to $5 million. This financing will involve offering approximately 17,241,380 units priced at $0.29 each. The securities will be available under the Listed Issuer Financing Exemption, which means they won’t be subject to a hold period as outlined in Canadian securities laws.
Offering Details and Use of Proceeds
Each unit comprises one common share and a purchase warrant, with each warrant allowing the holder to buy one common share at an exercise price of $0.40 for 12 months post-offering. Newcore aims to utilize the net proceeds to support exploration and development activities at its 100% owned Enchi Gold Project in Ghana, as well as to cover general corporate and working capital needs. Potential finder’s fees may be involved per TSX Venture Exchange policies.
Expected Timeline for the Offering
The offering is projected to close around September 26, 2024, pending necessary approvals, including from the TSX Venture Exchange. This financing opportunity is targeting purchasers based in Canada, with specific exclusions.
Understanding Newcore Gold's Mission
Newcore Gold is focused on advancing its Enchi Gold Project, strategically positioned in Ghana, a region celebrated as Africa's leading gold producer. The company distinguishes itself with a strong leadership team deeply invested in the project, owning 19% equity. The Enchi Gold Project spans an impressive 248 km² and is located within the prolific Bibiani Shear Zone, a thriving gold belt known for hosting notable deposits such as the Chirano mine, situated just 50 kilometers to the north.
Leadership and Vision
Newcore Gold envisions itself as a dynamic gold enterprise, continuously striving to maximize returns for its shareholders through innovative strategies and thorough exploration programs. Their approach reflects a commitment to responsible mining while driving growth in the resource sector.
Contact Information for Investors
For further inquiries, interested parties can reach out to Mal Karwowska, Vice President of Corporate Development and Investor Relations, at +1 604 484 4399 or via email at info@newcoregold.com. Additional information can be found on the company's website.
Frequently Asked Questions
What is the purpose of the private placement financing?
The financing aims to raise funds to enhance exploration and development activities at the Enchi Gold Project and cover general corporate expenses.
What are the key details of the offered units?
Each unit consists of one common share and half a purchase warrant priced at $0.29, with each warrant allowing purchase of a share at $0.40 for one year.
When is the offering expected to close?
The expected closing date for the offering is around September 26, 2024, pending necessary regulatory approvals.
Where can I find more information about Newcore Gold?
Further details about Newcore Gold and their offerings can be accessed by contacting the company directly or visiting their official website.
Is there a risk associated with the investment?
As with all investments, there are risks involved, including market fluctuations and operational uncertainties associated with mineral exploration and development.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Sysco Corporation Expands Electric Vehicle Fleet in Canada
- Fortis Inc. Successfully Prices Major Unsecured Notes Offering
- Andretti Acquisition Corp II Launches $200 Million IPO
- Strategic Sale of Joe & Ross to GlacierPoint Enterprises Announced
- Projected Growth in Gas Separation Membrane Market by 2027
- Investors Targeted: Claims Investigation Against NANO Energy
- Investigating Investor Claims Against CAE: What You Need to Know
- Investigation of Symbotic: What Investors Need to Know
- Streamlined Benefits Integration for Better Member Experience
- Global Mechanical Seals Market Supplying Sustainable Solutions
Recent Articles
- Body-Worn Camera Market Set to Reach USD 27.65 Billion by 2033
- Sysco Corporation Expands Electric Vehicle Fleet in Canada
- GAP Successfully Issues Bond Certificates to Boost Growth
- Fortis Inc. Successfully Prices Major Unsecured Notes Offering
- Andretti Acquisition Corp II Launches $200 Million IPO
- Strategic Sale of Joe & Ross to GlacierPoint Enterprises Announced
- Projected Growth in Gas Separation Membrane Market by 2027
- Investors Targeted: Claims Investigation Against NANO Energy
- Investigating Investor Claims Against CAE: What You Need to Know
- Investigation of Symbotic: What Investors Need to Know
- Streamlined Benefits Integration for Better Member Experience
- Global Mechanical Seals Market Supplying Sustainable Solutions
- Innodyne Systems Forms Strategic Alliance with FCAH Aerospace
- Market Trends: Investors Brace for Economic Climaxes Ahead
- Broadcom's Revenue Forecast Raises Concerns Amidst Growth
- Unveiling the Incredible Growth of Quanta Services Stock
- Transform Your Investment: The Rise of SPS Commerce Stocks
- Awaysis Capital Enhances Transparency with Re-Audited Finances
- Awaysis Capital's Commitment to Transparency and Growth
- Investigation into Extreme Networks: A Call to Action for Investors
- GorgeousTV Launches Innovative Shopping App for Streamers
- Faruqi & Faruqi Investigates Concerns for Sprinklr Investors
- Investigation into MacroGenics Sparks Investor Interest and Options
- Future Growth of the Global Steam Traps Market
- Projected Growth of the Global Short-Acting Insulin Market
- Investigation into Five Below: Legal Options for Investors
- EastGroup Properties Highlights Growth and Future Prospects
- Prosthetic Robot Arm Market Growth Driven by Technology Advancements
- Exploring the Transformation of Blockchain Technology Market
- China's Local Governments Struggle Amid Housing Crisis
- Colombia Stock Market Overview: A Positive Shift in Trading
- Mexican Stock Market Experiences Slight Decline Amid Pressure
- Fitch Ratings Elevates Ukraine's Local-Currency Standing
- Leadership Transition at Lykos Therapeutics Following FDA Setback
- AEO's Innovative Report Boosts Sustainability in Small Business
- Faruqi & Faruqi Investigates Moderna Investor Claims
- Canoe EIT Income Fund Reveals Upcoming Monthly Distribution
- Investigation of Claims for MongoDB Investors by Faruqi & Faruqi
- Heartland Express, Inc. to Present at Notable Industry Conference
- Travere Therapeutics Celebrates FDA Approval of FILSPARI for Kidney Health
- Nuvei's 2023 ESG Report Highlights Key Initiatives and Results
- Traction Uranium Plans Strategic Share Consolidation Move
- Exploring the Growth Surge in Radiopharmaceuticals Market
- LGI Homes Achieves Significant Growth with August Closings
- Americold Sets Terms for $500 Million Note Offering Successfully
- Exploring the Growth of the Nuclear Magnetic Resonance Market
- Vail Resorts Sets Date for Its Fiscal Year-End Earnings Call
- Build-A-Bear Expands NFL Partnership with Kansas City Chiefs
- Rising Threat Intelligence Security Market and AI Innovations
- Alimentation Couche-Tard Strengthens Leadership by Adding New Director