Precore Gold Plans Private Placement to Bolster Exploration Efforts
Precore Gold Moves Forward with Private Placement Plans
Precore Gold Corp. has announced its strategic plan to engage in a non-brokered private placement, designed to close around September 18, 2025. The aim is to raise up to $1,999,999.98 by offering 11,111,111 units at a price of $0.18 each. This follows an earlier announcement that sparked considerable market interest.
Details of the Private Placement
Investors participating in this private placement will receive units that consist of one common share and a half of a share purchase warrant, making a whole warrant. Each warrant provides the opportunity to purchase one common share at a price of $0.25 per share, valid for a period of 36 months from issuance.
Use of Proceeds
The funds raised will be essential for advancing exploration initiatives and bolstering working capital. It's crucial for such companies to utilize their funding efficiently to ensure ongoing growth and exploration success.
Executive Insights
Paul A. Dumas, the Executive Chairman of Precore Gold, expressed confidence in the placement's potential, indicating high demand from the market. Investors are particularly optimistic about the exploration plans for the Arikepay gold project, which has shown promising historical drill results that could lead to significant discoveries.
Future Exploration Projects
The company is not limiting itself to just the Arikepay project; it also intends to conduct data compiles on properties like Lac Big Rush in Quebec and the Kimber property in British Columbia. These efforts will undoubtedly help shape future exploration programs across various prospective assets.
About Precore Gold Corp.
Precore Gold Corp. is recognized as a dedicated junior gold exploration firm in Canada. It focuses on establishing a robust portfolio of exploration projects with substantial gold potential, aiming to capitalize on the upward trends in the gold market. The company prioritizes environmentally responsible practices while seeking properties that are located in stable, mining-friendly regions.
Contact Information
For inquiries regarding shareholder interests or information about the company, Paul A. Dumas can be reached via email at precoregoldcorp@gmail.com or via telephone on 514-994-1069.
Frequently Asked Questions
What is the purpose of Precore Gold's private placement?
The private placement aims to raise funds to support exploration work and increase working capital.
How many units are going to be offered in the placement?
Precore Gold plans to offer a total of 11,111,111 units at a price of $0.18 each.
What is included in each unit offered?
Each unit consists of one common share and one-half of a share purchase warrant.
What is the exercise price for the warrants?
The exercise price for the warrants is set at $0.25 per common share.
Who can investors contact for more information?
Investors can contact Paul A. Dumas via email at precoregoldcorp@gmail.com or call 514-994-1069 for any inquiries.
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