Business
Newcore Gold Announces Proceeds of $3.8 Million from Warrant Exercises
VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce that it has received total proceeds of approximately $3.8 million from the exercise of 9,558,578 common share purchase warrants of the Company ("Warrants") which expired on September 26, 2025. The Warrants had an exercise price of $0.40 and were originally issued on September 26, 2024 following the completion of private placement financ
About this update from Newcore Gold Ltd.
[{"type":"image","alt":"Newcore Gold Ltd.","displaySize":"","headline":null,"caption":"Newcore Gold Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":53,"url":"https://media.zenfs.com/en/globenewswire.com/b8d160bd2abd99a66b26093447359499"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/3JiGRqriBKolV5lPJWBFOg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTc0O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/b8d160bd2abd99a66b26093447359499","width":300,"height":53}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce that it has received total proceeds of approximately $3.8 million from the exercise of 9,558,578 common share purchase warrants of the Company ("Warrants") which expired on September 26, 2025. The Warrants had an exercise price of $0.40 and were originally issued on September 26, 2024 following the completion of private placement financings.","length":535,"tagName":"p"},{"type":"text","content":"Luke Alexander, President and CEO of Newcore stated, "We would like to thank our shareholders for their continued support and confidence in the Company through the exercise of the Warrants. Management and Board of Directors also exercised Warrants they held and continue to be strongly aligned with shareholders by way of an approximately 15% equity ownership. This funding, along with our cash-on-hand, supports Newcore’s continued advancement and de-risking of our Enchi Gold Project in Ghana. With a 35,000-metre drill program underway that will include exploration drilling to depth, alongside development work to support a Pre-Feasibility Study next year, we are excited for a busy year ahead as we continue to define the district scale potential of our Enchi Gold Project."","length":789,"tagName":"p"},{"type":"text","content":"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-Feasibility Study in H1 2026. Post exercise and expiry of the Warrants, the Company’s share capital consisted of 262,986,096 common shares issued and outstanding and dilutive securities consisting of...