Precore Gold Secures Funding for Exploration Ventures Ahead

Author: Olivia Taylor Updated: 08-21-2025 05:15 AM

Precore Gold Announces Major Funding Initiative

Precore Gold Corp. (CSE: PRCG) is excited to inform investors and stakeholders about its recent plans to raise up to C$2 million. Subject to regulatory approval, the company is initiating a non-brokered private placement aimed at advancing its exploration activities.

Details of the Private Placement

The private placement will consist of up to 11,111,111 units priced at $0.18 per unit. Each unit includes one common share and a warrant that allows the purchase of an additional share for $0.25 within the next 36 months. Proceeds from this initiative will primarily fund exploration and overall working capital.

Financial Advisor Involvement

In this funding effort, Canaccord Genuity Corp. has been engaged as a financial advisor to ensure the process is streamlined and successful.

Exploration Aims at the Arikepay Project

Paul A. Dumas, Executive Chairman of Precore Gold, highlighted the significance of this funding in kickstarting a long-awaited exploration program at the Arikepay Project. This project, located in Peru, is expected to reaffirm past drilling results while aggressively pursuing new targets. The team anticipates demonstrating the potential of a significant gold-copper system in the Arequipa mining region, a known hotspot for mineral exploration.

Supporting Other Exploration Efforts

Alongside the Arikepay Project, Precore Gold plans to compile additional data on both the Lac Big Rush property in Quebec and the Kimber property in British Columbia. These efforts aim to elaborate on prospective exploration programs, details of which will be shared in future announcements.

About Precore Gold Corp.

Precore Gold Corp. is dedicated to becoming a leading Canadian junior gold exploration company. By focusing on high-potential exploration projects located in politically stable and mining-friendly jurisdictions, the company aims to capitalize on the thriving gold market. With a commitment to robust environmental, social, and corporate governance (ESG) policies, Precore Gold seeks not only to discover valuable resources but also to create substantial returns for its shareholders.

Contact Information for Shareholder Inquiries

Shareholders are encouraged to reach out for inquiries:

Paul A. Dumas, Executive Chairman
Email: precoregoldcorp@gmail.com
Tel: 514-994-1069

Frequently Asked Questions

What is the purpose of the private placement?

The private placement aims to raise funds for exploration work and general working capital.

How many units will be offered in the private placement?

The company plans to offer up to 11,111,111 units during the private placement.

What projects will the funds primarily support?

The funds will be used chiefly for the Arikepay Project alongside additional properties like Lac Big Rush and Kimber.

Who is advising Precore Gold during this financial process?

Canaccord Genuity Corp. is serving as the financial advisor to Precore Gold for this private placement.

What is Precore Gold's overarching mission?

Precore Gold's mission is to explore and develop high-potential gold properties, adhering to strong ESG standards and supporting shareholder returns.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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