Precore Gold Announces Private Placement Financing
Precore Gold Corp. (CSE: PRCG) is excited to share its latest initiative—a private placement aimed at generating gross proceeds of up to C$2 million. This move is subject to regulatory approval and is designed to foster exploration and operational capabilities.
Details of the Private Placement
The private placement entails the sale of approximately 11,111,111 units, each priced at $0.18. Each unit will comprise one common share along with one-half of a share purchase warrant, allowing investors to purchase additional shares at an exercise price of $0.25 per share for a duration of thirty-six months. Additionally, some finder’s fees may apply as part of this arrangement.
Exploration Initiatives and Strategic Goals
According to Paul A. Dumas, Executive Chairman of Precore Gold, these funds will be pivotal for launching an exploration program at the Arikepay Project. The focus of this initial undertaking is to validate historical drilling results and aggressively pursue new targets. The objective is to ascertain the potential for a significant gold-copper system within the mining-rich area of Arequipa. Dumas expressed enthusiasm, highlighting the expertise of the geological team involved in this venture.
Future Exploration Plans
Beyond the Arikepay Project, Precore Gold is also planning advancements on their Lac Big Rush property located in Chibougamau and the Kimber property in Kimberly. The completion of additional data analysis will pave the way for further exploration projects on these promising assets, which will be announced in subsequent releases.
Overview of Precore Gold Corp.
Precore Gold Corp. stands out as a Canadian junior gold exploration company channeling efforts to build an impressive collection of exploration projects. The primary focus is on areas known for strong gold discovery potential, strategically located in stable and mining-friendly environments. With a commitment to environmentally responsible practices, the company's mission intertwines commercial success with strong corporate governance.
Contact Information for Shareholders
For any shareholder inquiries, please reach out to Paul A. Dumas, Executive Chairman.
Email: precoregoldcorp@gmail.com
Phone: 514-994-1069
Frequently Asked Questions
What is the purpose of the private placement?
The private placement aims to raise funds for exploration projects and operational expenses.
How much is Precore Gold looking to raise?
Precore Gold is looking to raise up to C$2 million through this private placement.
What will the funds be used for?
The funds will primarily support the exploration program at the Arikepay Project and additional developments at other properties.
Who is advising Precore Gold on this placement?
Canaccord Genuity Corp. is serving as the financial advisor for this private placement.
What is the significance of the Arikepay Project?
The Arikepay Project is critical as it aims to explore and validate historical drilling results while identifying new targets with potential for gold-copper mining.
