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Newcore Gold ( (TSE:NCAU) ) has provided an announcement.
Newcore Gold Ltd. has announced an increase in its private placement financing from $12 million to $15 million, aiming to issue up to 41,096,000 units at $0.365 per unit. The proceeds will be used for exploration and development at the Enchi Gold Project in Ghana and for general corporate purposes. The offering is expected to close by February 27, 2025, subject to necessary approvals, with securities being subject to a four-month hold period.
More about Newcore Gold
Newcore Gold Ltd. operates in the mining industry, focusing on gold exploration and development. Its primary project is the Enchi Gold Project in Ghana, which is 100% owned by the company.
YTD Price Performance: 23.08%
Average Trading Volume: 162,645
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$83.66M
For a thorough assessment of NCAU stock, go to TipRanks’ Stock Analysis page.
