Newcore Gold (TSE:NCAU) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into TSE:NCAU stock, check out TipRanks’ Stock Analysis page.