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Pinecrest Resources Announces Name Change to Newcore Gold Ltd.; Common Shares to Start Trading Under New Name and Symbol “NCAU”
VANCOUVER, British Columbia, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Pinecrest Resources Ltd. (TSX-V: PCR) (the "Company" or "Pinecrest") is pleased to announce that
About this update from Newcore Gold Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Pinecrest Resources Ltd. (TSX-V: PCR) (the \"Company\" or \"Pinecrest\") is pleased to announce that effective Monday, August 10th, 2020, the Company’s common shares will commence trading on the TSX Venture Exchange under the Company's new name, Newcore Gold Ltd. (“Newcore”) and its new trading symbol \"NCAU\". Newcore will have 79.9 million shares issued and outstanding with Management and Directors owning a 39% equity interest and institutional shareholders owning an approximate 20% stake. Table 1: New Stock Symbol and Identification Codes Effective August 10, 2020 Old Symbol New Symbol New CUSIP New ISIN Common Shares PCR NCAU 65118M103 CA65118M1032 Effective Thursday, August 6, 2020, Pinecrest's current website, www.pinecrestresources.com, will redirect visitors to the Company's new webpage, www.newcoregold.com.About Newcore Gold The new name reflects a turning point and a renewed commitment to realizing the value of the Company’s 100% owned Enchi Project by advancing the current 1.1 million ounce inferred1 gold resource (37.4 million tonnes grading 0.90 g/t Au) located in Ghana, Africa’s largest gold producer. Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 39% ownership, and prime district scale exploration opportunities. Enchi’s 216 square kilometre land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several 5 million-ounce gold deposits, including Kinross’ Chirano mine 50 kilometers to the north. Newcore’s vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.Newcore Gold Website – www.newcoregold.com Investor Presentation – www.newcoregold.com/investors/presentation/Please get in touch at [email protected] if you would like to discuss Newcore Gold in more detail. On Behalf of the Board of Directors Pinecrest Resources Ltd. \"Luke Alexander\" Luke AlexanderPresident, CEO & Director For further information contact: Luke Alexander+1 604 484 [email protected] www.newcoregold.com 1Inferred Resource Disclaimer: 1. CIM definition standards were followed for the resource estimate. 2. The 2014 resource models used ordinary kriging (OK) grade ...