Precore Gold Closes Second Tranche of Private Placement

Group 1 - Precore Gold Corp. has successfully closed the second tranche of its non-brokered private placement, raising gross proceeds of C$374,700 by issuing 2,081,662 units at a price of C$0.18 per unit [1] - The total gross proceeds from both tranches of the private placement amount to C$1,374,729.60, with the first tranche contributing C$1,000,029.60 from 5,555,720 units [2] - The funds raised will be utilized for exploration work and general working capital purposes [2] Group 2 - Canaccord Genuity Corp. acted as the financial advisor for the private placement, receiving an advisory fee of C$25,000 plus 13% HST, paid through the issuance of common shares [3] - All securities issued under the second tranche, including advisory fee shares, are subject to a statutory hold period of four months and one day, expiring on February 22, 2026 [4] Group 3 - The Executive Chairman of Precore Gold, Paul A. Dumas, expressed satisfaction with the financing round, noting the decision to close below the targeted amount to minimize shareholder dilution amid rising commodity prices [5] - The company plans to initiate exploration work at the Lac Big-Rush property in Quebec, which is strategically located near Northern Superior's Croteau deposit [5] Group 4 - Precore Gold is focused on building a portfolio of exploration projects with strong gold discovery potential, aiming to capitalize on the gold market and generate shareholder returns [6] - The company emphasizes its commitment to environmental, social, and corporate governance (ESG) standards in its operations [6]