Precore Gold Announces up to C$2 Million Private Placement

Core Viewpoint - Precore Gold Corp. is initiating a non-brokered private placement to raise up to $2,000,000 for exploration and working capital purposes, with a focus on the Arikepay Project in Peru and other properties in Canada [1][3][4] Group 1: Private Placement Details - The private placement will consist of the sale of up to 11,111,111 units at a price of $0.18 per unit, each unit comprising one common share and one-half of a share purchase warrant [1] - Each warrant will allow the holder to purchase one additional common share at an exercise price of $0.25 for a period of 36 months [1] - The proceeds will be used for exploration work and working capital, with a four-month hold period on the issued securities [1] Group 2: Exploration Plans - The funds from the private placement will support an exploration program at the Arikepay Project in Peru, aiming to reaffirm historical drilling results and explore additional targets [3] - The company also plans to compile data on the Lac Big Rush property in Quebec and the Kimber property in British Columbia to outline future exploration programs [3] Group 3: Company Overview - Precore Gold Corp. is a Canadian junior gold exploration company focused on building a portfolio of exploration projects with strong gold discovery potential [4] - The company aims to capitalize on opportunities in politically stable, mining-friendly jurisdictions with promising properties and historical drilling results [4] - Precore Gold is committed to environmental, social, and corporate governance (ESG) standards in its operations [4]