Newcore Gold Ltd. (TSXV: NCAU | OTCQX: NCAUF) has increased its previously announced bought deal financing to $15.0M, strengthening funding for ongoing exploration and development at the Enchi Gold Project in Ghana.
Under the amended agreement, a syndicate of underwriters led by Haywood Securities has agreed to purchase 28,310,000 common shares at a price of $0.53 per share, reflecting strong demand for the offering. The upsized financing increases total gross proceeds from the originally announced $10M to approximately $15.0M.
Proceeds from the placement will be directed toward continued exploration and development activities at Enchi, alongside general corporate and working capital requirements. The financing is expected to close on or around 28 May 2026, subject to customary conditions and regulatory approvals.
The enlarged raise supports Newcore’s broader strategy to advance Enchi through active drilling and technical programs, with the company continuing to demonstrate resource growth and development potential across the project.
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