03:17 PM EDT, 09/06/2024 (MT Newswires) -- Newcore Gold ( NCAUF ) was at last look down 6.5% on Friday as it amended the terms of its non-brokered private placement financing to raise up to $5.5 million -- increased from $5 million -- through an offering of up to 18.966 million units at $0.29 per unit.

A statement noted each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of $0.40 per common share for a period of 12 months following the completion of the offering.

NCAU intends to use net proceeds to fund exploration and development activities at the company's Enchi Gold Project in Ghana, as well as for general corporate and working capital purposes.

The offering is scheduled to close on or about Sept. 26, 2024.

Price: 0.29, Change: -0.02, Percent Change: -6.45