Newcore Gold Ltd. (TSXV: NCAU | OTCQX: NCAUF | TSX-V: NCAU | OTCQX: NCAUF) will raise up to C$5,000,000 through an offering of up to 17,241,380 units of the company to be priced at C$0.29 per Unit. The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.
Each Unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of C$0.40 per common share for a period of 12 months following the completion of the offering.
The company intends to use the net proceeds of the offering to fund exploration and development activities at the company’s 100% owned Enchi Gold Project in Ghana, as well as for general corporate and working capital purposes. Finder’s fees may be payable in accordance with the policies of the TSX Venture Exchange.
To read more about this, please visit www.newcoregold.com
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