Newcore Gold Ltd. (“Newcore” or the “Company”) (TSX-V: NCAU, OTCQX: NCAUF) It is pleased to announce that the total proceeds of approximately $ 3.8 million have received from the exercise of 9.558.578 Common stock of the company (“Warrant”) Originally issued on 26 September 2024 after the voltooiing after the voltooiing after the voltooiing after the voltooooiing after the voltooooiing after the voltooooiing after the voltooooiing after the voltooooiing after the voltooooiing after the voltooooiing after the voltooooiing after the voltooooiing.
Luke Alexander, President and CEO of Newcore stated: “We want to thank our shareholders for their continuous support and trust in the company through the exercise of the Warrants. Management and board have also exercised Warrants they had and are strongly aligned with shareholders by a depth of the course of the course in Ghana. In addition to development work to support a pre-healing study next year, we are enthusiastic about a busy year, while we continue to define the district scale potential of our Enchi Gold project. ”
The Company is Well Funded with a Cash Balance of Approximately $ 10.1 Million to Continue to Advance A 35,000 Metre Drill Program, Along with Development Work Required to Advance the Enchi Gold Project To A Pre-Capy of the Warty, The Feasility Study. Compirity Study. consisted or 262,986,096 Common Shares Issued and Outstanding and Dilutive Securities Consisting or 9.475,000 stock Options, 7,171,000 RSUs and PSUs, and one extra tranche of warrants consisting of 20.423,000 of the company’s baptism of the company’s company 2026. If it is fully exercised, this tranche from Warrants would offer extra financing of around $ 10.2 million to continue to support drilling and development at Enchi.
About Newcore Gold Ltd.
Newcore Gold promotes its Enchi Gold project in Ghana, the largest gold producer in Africa (1) . Newcore Gold offers investors a unique combination of granted, which are tailored to shareholders through their 15% stock ownership and exploration possibilities of Prime District Scale. Enchis 248 km 2 Land package covers 40 kilometers from Ghana’s productive Bibiani Shear Zone, a gold belt that houses various gold deposits of several million ounce, including the Chirano-Mijn 50 kilometers to the north. Newcore’s vision is to build a responsive, creative and powerful gold company that maximizes the return for shareholders.
(1) Source: Production volumes for 2024 as from the World Gold Council.
On behalf of the Newcore Gold Ltd.
Luke Alexander
President, CEO and director
For more information, contact:
Mal Karwowska | Vice President, Corporate Development and Investor Relations
+1 604 484 4399
info@newcoregold.com
www.newcoregold.com
Neither the TSX Venture Exchange nor its regulation services provider (because that term is defined in the policy of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.
Warning remark about future -oriented statements
This press release contains statements that contain “future -oriented information” within the meaning of the applicable Canadian securities legislation (“future -oriented statements”). All statements, other than statements of historical facts, are future -oriented statements and are based on expectations, estimates and projections on the date of this press release. Every explanation that discusses discussion with regard to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always use of sentences such as “plans”, “expected”, “Budget” is expected “,” Planned “,” Battle “or” Bentten “, or”, Or “faith” or “faith” or “faith” or “. That certain actions, events or results” can “,” could “,” could “,” or “will” be taken or achieved) are not explanations of historical fact and can be future -oriented statements. In this press release, future -oriented statements include: statements about the estimate of mineral resources; Results of provisional economic assessments; completion of a pre-healability study; Results of metallurgical test work; Results of our continuous drilling campaign; results of drilling, size or quality of mineral deposits; Expected progress of mineral properties or programs; And future exploration perspectives.
These future -oriented statements, and all the assumptions on which they are based, are made in good faith and reflect our current judgment on the direction of our company. The assumptions that underlie the future -oriented statements are based on information currently available for Newcore. Although the future -oriented statements in this press release are based on what the management of Newcore believes, or at the time believes that Newcore cannot ensure its shareholders that the actual results will be consistent with such future -oriented explanations, because there may be other factors that cause results that are not considered, estimated or intention. Forward information also includes known and unknown risks, uncertainties and other factors that can lead to the actual results, performance or performance of the company essentially differing from future results, performance or performance that is expressed or immersed by the future -oriented information. Such factors include: risks with regard to the speculative nature of Newcore’s activities; Newcore’s formative development phase; Newcore’s financial position; possible variations in mineralization, degrees or recovery percentages; actual results of current exploration activities; Fluctuations in general macro -economic conditions; Fluctuations on securities markets; Fluctuations in the place and forward prices of gold and other raw materials; Fluctuations in currency markets (such as the Canadian dollar for dollar exchange rate of the United States); change in national and local government, legislation, tax, controls, regulations and political or economic developments; risks and dangers related to the company of mineral exploration, development and mining (including environmental hazards, unusual or unexpected geological formations); the presence of laws and regulations that can impose restrictions on mining; employee relationships; relationships with and claims by local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals of government agencies); And title for characteristics.
By future explanations herein are made on the date of this press release and Newcore accepts any obligation to update future -oriented statements, either as a result of new information, future events or results, except as required by the applicable securities laws. There can be no certainty that future -oriented information will prove to be accurate, because the actual results and future events may differ material from those expected in such statements. Accordingly, readers are not allowed to place unnecessary dependence on future -oriented information.
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