VANCOUVER, British Columbia, Sept. 09, 2025 (GLOBE NEWSWIRE) — Precore Gold Corp. (CSE: PRCG) (the “Company” or “Precore Gold”) announces its intention to close on or around September 18, 2025, its non-brokered private placement (the “Private Placement”) of up to 11,111,111 units of the Company (“Units”) at a price of $0.18 per unit to raise gross proceeds of up to $1,999,999.98. This follows the initial announcement of the private placement on August 21, 2025.
Each unit will consist of one common share (each such common share in the authorized share structure of the company, a “Common Share”) and one-half (½) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each warrant will be exercisable to acquire one common share (a “warrant share”) for a period of 36 months from the date of issuance of the warrants at an exercise price of $0.25 per warrant share.
The proceeds from the private placement will be used to fund exploration work and for working capital purposes. The securities issued will be subject to a four-month hold period.
Paul A. Dumas, Executive Chairman of Precore Gold, stated, “We are very pleased with the expected result of this first financing and the demand from the market. Potential investors and shareholders are very excited for the exploration program that is anticipated at the Arikepay gold project in Peru, which has had some very encouraging historical drill results in the past and has tremendous discovery potential going forward.”
The company also intends to complete additional data compilation on the Lac Big Rush property in Chibougamau, Quebec, and the Kimber property in Kimberly, BC, to eventually outline exploration programs on these prospective assets.
These exploration programs will be detailed in a future press release.
About Precore Gold Corp.
Precore Gold Corp. is a Canadian junior gold exploration company focused on building a solid portfolio of exploration projects with strong gold discovery potential in order to capture the strength of the gold market and to generate shareholder returns. The company plans to seize opportunities whereby promising properties are located in prolific mining camps, may contain important historical drilling results, and are located in politically stable, Tier 1, mining-friendly jurisdictions. Precore Gold’s mission is supported by diligent environmental, social, and corporate governance (ESG) standards.
