Newcore Gold Ltd. is pleased to announce that it has entered into an agreement with Haywood Securities Inc. and Stifel GMP as co-lead underwriters and joint book-runners, on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 12,500,000 common shares of the Company at a price of $0.80 per Common Share for gross proceeds to the Company of $10,000,000
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