Newcore Gold Secures $15 Million for Ghana Project Expansion

Newcore Gold ( (TSE:NCAU) ) just unveiled an update.

Newcore Gold Ltd. has successfully closed a private placement financing, raising $15 million through the issuance of 41,096,000 units at $0.365 per unit. The funds will be used to further exploration and development at the Enchi Gold Project in Ghana, as well as for general corporate purposes. The offering was led by Paradigm Capital Inc. and included a syndicate of agents. Each unit consists of one common share and a warrant, allowing the purchase of an additional share at $0.50 until February 2026. This financing strengthens Newcore Gold’s financial position, enabling further investment in its core project and potentially enhancing its market standing.

More about Newcore Gold

Newcore Gold Ltd. is a company focused on advancing its Enchi Gold Project located in Ghana, Africa’s largest gold producer. The company offers investors a unique combination of top-tier leadership.

YTD Price Performance: 23.44%

Average Trading Volume: 130,227

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$82.61M

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