Newcore Gold Announces $5 Million Financing

Newcore Gold (TSX.V: NCAU)

Announced a non-brokered private placement financing under the Listed Issuer Financing Exemption, whereby the Company intends to raise up to $5,000,000 through an offering of up to 33,333,333 units of the Company to be priced at $0.15 per Unit.

 

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Newcore Gold location map

Newcore Gold project location

 

 

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Newcore Gold TSX.V: NCAU
Stage Exploration
Metals Gold
Market cap C$23 m   @ C$0.165
Location Ghana, West Africa

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Newcore Gold Announces $5 Million Private Placement Financing

VANCOUVER, British Columbia, June 12, 2023 (GLOBE NEWSWIRE) — Newcore Gold Ltd. (TSX.V: NCAU, OTCQX: NCAUF) (“Newcore” or the “Company” is pleased to announce a non-brokered private placement financing under the Listed Issuer Financing Exemption (as defined below), whereby the Company intends to raise up to $5,000,000 through an offering of up to 33,333,333 units of the Company (the “Units”) to be priced at $0.15 per Unit (the “Offering”).

The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.

Each Unit will consist of one common share in the capital of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”).

Each Warrant will entitle the holder thereof to purchase one Common Share of the Company at an exercise price of $0.20 per Common Share for a period of 12 months following the completion of the Offering.

The Company intends to use the net proceeds of the Offering to fund exploration and development activities at the Company’s 100% owned Enchi Gold Project in Ghana, as well as for general corporate and working capital purposes. Finder’s fees may be payable in accordance with the policies of the TSX Venture Exchange.

The Offering is scheduled to close on or about June 28, 2023, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 –Prospectus Exemptions(“NI 45-106”), the Offering is being made to purchasers’ resident in Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI- 45-106 (the “Listed Issuer Financing Exemption”).

The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.

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To read the full news release, please click HERE

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Newcore Gold

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To read our full terms and conditions, please click HERE




Rokmaster Resources Private Placement

Rokmaster Resources (TSX.V: RKR)

Announced a non-brokered private placement financing for a total of up to $1,250,000 involving the sale of flow-through units  and non-flow-through units.

 

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Rokmaster Resources TSX.V: RKR
Stage Exploration
Metals Polymetallic
Market cap C$16 m   @ 12.5c
location British Columbia, Canada

 

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Rokmaster Resources drilling

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Rokmaster Resources Announce a Non brokered Private Placement

 

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VANCOUVER, BCAug. 12, 2022 /CNW/ – Rokmaster Resources Corp. (TSX: RKR) (OTCQB: RKMSF) (FSE: 1RR1) (“Rokmaster” or the “Company”) is pleased to announce a non-brokered private placement financing for a total of up to $1,250,000 (the “Private Placement“) involving the sale of flow-through units (the “FT Units“) and non-flow-through units (the “NFT Units“).

The flow-through funding will consist of up to 3,076,924 FT Units, priced at $0.13 each for gross proceeds of up to $400,000. Each FT Unit will consist of one flow-through common share (the “FT Share“) plus one-half (1/2) non-transferable share purchase warrant (the “FT Warrant“) to purchase one non-flow-through common share of the Company (a “Warrant Share“) at $0.25 per Warrant Share for a period of one year. The FT Warrants are subject to an accelerated expiry date, at the Company’s option, which comes into effect when the trading price on the TSX Venture Exchange (the “Exchange”) of the Company’s common shares closes at or above $0.30 per share during any 10 consecutive trading day period commencing four months plus one day after the date of issuance.

Additionally, the non-flow-through funding will consist of up to 7,083,334 NFT Units, priced at $0.12 each for gross proceeds of up to $850,000. Each NFT Unit will consist of one common share plus one non-transferable share purchase warrant (the “NFT Warrant“) to purchase a Warrant Share at $0.20 for a period of one year. The NFT Warrants are subject to an accelerated expiry date, at the Company’s option, which comes into effect when the trading price on the TSX Venture Exchange (the “Exchange”) of the Company’s common shares closes at or above $0.25 per share during any 10 consecutive trading day period commencing four months plus one day after the date of issuance.

If the Company decides to accelerate the expiry date of the FT Warrants and/or NFT Warrants, the Company will give an expiry acceleration notice by issuing a press release (the “Notice“) announcing the acceleration and in such case, the expiry date shall be deemed to be the 30th calendar day following the date of issuance of the press release.

The FT Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act“).  The gross proceeds raised from the sale of the FT Share component of the FT Units will be used by Rokmaster to incur “Canadian exploration expenses” (within the meaning of the Tax Act).  Rokmaster will use funds raised from the sale of the NFT Units on non-flow-through eligible project expenses as well as for working capital purposes.

Certain directors, officers, and insiders of the Company may acquire securities under the Private Placement, which participation would be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

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To read the full news release, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in Rokmaster Resources.

.

.

To read our full terms and conditions, please click HERE