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Newcore Gold Completes Bought Deal Financing


On July 12, 2022, Newcore Gold Ltd. completed a bought deal public offering of 16,700,000 commons shares at a price of $0.20 per share for aggregate proceeds of approximately $5 million.

Net proceeds of the offering will fund exploration and development at Newcore Gold’s Enchi Gold Project in southwest Ghana.

The offering was led by Stifel GMP as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters that included Cormark Securities Inc., Canaccord Genuity Corp., Haywood Securities Inc., Raymond James Ltd., and Sprott Capital Partners LP.

Cassels acted for Newcore Gold.

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