Newcore Gold (TSE:NCAU) has released an update.
Newcore Gold Ltd. has successfully raised $3.3 million from the exercise of warrants that expired recently, which will fund further development of their Enchi Gold Project in Ghana, including a 10,000-metre drill program. The company, with a cash balance of $4.7 million and no additional warrants outstanding, maintains a strong alignment with shareholders as management and the board also participated in the warrant exercise, holding approximately 20% equity ownership.
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