Fundz

Newcore Gold Announces Closing Of $5 Million Private Placement Financing

TAKEN PRIVATEJun 29, 2023

Amount Raised

$5 Million

Round Type

Post-IPO Equity

Health Care

Description

Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce that it has closed its previously announced non-brokered private placement financing pursuant to which the Company issued 33,333,332 units of the Company at $0.15 per Unit (the "Units") for aggregate gross proceeds of $4,999,999.80 (the "Offering"). The securities were offered under the Listed Issuer Financing Exemption (as defined below).

Quick answer

Newcore raised $5 Million in a Post-IPO Equity round, dated June 29, 2023.

How much did Newcore raise?
Newcore raised $5 Million in a Post-IPO Equity round on June 29, 2023.
What does Newcore do?
Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) is advancing its 100%-owned Enchi Gold Project in southwest Ghana.
Who are the decision-makers at Newcore?
Fundz holds 2 contacts at Newcore. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Health Care around the same time

Companies in the same sectors as Newcore that raised within 45 days of this round, from Fundz verified event records.

  • Tango Therapeutics raised $80M on August 11, 2023.
  • Lumeon Ltd raised $6.1M on August 11, 2023.
  • Neurophth Therapeutics raised an undisclosed amount (Series C) on August 11, 2023.
  • Zetagen Therapeutics raised an undisclosed amount (Series B) on August 11, 2023.
  • Abcuro raised $120M on August 11, 2023.
  • MindMed raised $7M on August 11, 2023.

Who to call at Newcore, and when

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Company Information

Company

Newcore

About

Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) is advancing its 100%-owned Enchi Gold Project in southwest Ghana. The project’s 216 sq. km land package covers 40 kms of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several large, multi-million-ounce gold deposits, including Kinross’ Chirano mine 50 kms to the north. Newcore’s top-tier leadership is aligned with shareholders through their 27% equity ownership and is backed by one of the strongest boards in the sector. Our vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.

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