{"success":true,"data":{"pressRelease":{"id":"35713","rtpr_id":"nGNX4wknmL","ticker":"NCAU","exchange":"","all_tickers":["NCAU"],"title":"Newcore Gold Announces $10 Million Bought Deal Financing","author":"Globe Newswire","published_at":"2026-05-14T20:15:26.097Z","article_body":"NOT FOR DISTRIBUTION TO THE UNITED STATES NEWS WIRE SERVICES OR FOR\nDISSEMINATION IN THE UNITED STATES\n\nVANCOUVER, British Columbia, May 14, 2026 (GLOBE NEWSWIRE) -- Newcore Gold\nLtd. (\"Newcore\" or the \"Company\") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to\nannounce that it has entered into an agreement with Haywood Securities Inc.,\non its behalf and on behalf of a syndicate of underwriters (collectively, the\n\"Underwriters\"), pursuant to which the Underwriters have agreed to purchase,\non a bought-deal basis, 18,870,000 common shares of the Company (the \"Common\nShares\") at a price of $0.53 per Common Share for aggregate gross proceeds to\nthe Company of $10,001,100 (the \"Offering\").\n\nThe Company has granted the Underwriters an option (the \"Underwriters’\nOption\") to increase the size of the Offering by up to an additional 2,830,500\nCommon Shares for additional gross proceeds of up to $1,500,165, exercisable\nat any time up to two business days prior to closing of the Offering.\n\nThe Company intends to use the net proceeds of the Offering to fund\nexploration and development activities at the Company’s Enchi Gold Project\nin Ghana, as well as for general corporate and working capital purposes as\ndescribed in the Offering Document (as defined below).\n\nThe Offering is expected to close on or about May 28, 2026, or such other date\nas may be agreed to by the Company and the Underwriters (the \"Closing\").\nClosing is subject to certain customary conditions, including, but not limited\nto, the receipt of all necessary approvals including the conditional approval\nof the TSX Venture Exchange and the applicable securities regulatory\nauthorities. Subject to compliance with applicable regulatory requirements and\nin accordance with National Instrument 45-106 – Prospectus Exemptions (\"NI\n45-106\"), the Offering is being made to purchasers’ resident in Canada,\nexcept Québec, pursuant to the listed issuer financing exemption under Part\n5A of NI- 45-106, as amended and supplemented by Coordinated Blanket Order\n45-935 Exemptions from Certain Conditions of the Listed Issuer Financing\nExemption (the \"Listed Issuer Financing Exemption\"). The Common Shares offered\nunder the Listed Issuer Financing Exemption will not be subject to a hold\nperiod in accordance with applicable Canadian securities laws.\n\nThe securities being offered have not been, nor will they be registered under\nthe United States Securities Act of 1933, as amended (the \"U.S. Securities\nAct\") or any applicable securities laws of any state of the United States and\nmay not be offered or sold within the United States or to, or for the account\nor benefit of, U.S. persons absent such registration or an applicable\nexemption from such registration requirements. This release does not\nconstitute an offer for sale or the solicitation of an offer to buy any of the\nsecurities in the United States or to, or for the account or benefit of, a\nU.S. person. \"U.S. person\" and \"United States\" are as defined in Regulation S\nunder the U.S. Securities Act.\n\nThere is an offering document (the \"Offering Document\") related to the\nOffering that can be accessed under the Company’s profile on SEDAR+ at\nwww.sedarplus.ca and on the Company’s website at newcoregold.com\n(https://newcoregold.com/). Prospective investors should read this Offering\nDocument before making an investment decision.\n\nAbout Newcore Gold Ltd.\n\nNewcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s\nlargest gold producer( (1)). Newcore Gold offers investors a unique\ncombination of top-tier leadership, who are aligned with shareholders through\ntheir 13% equity ownership, and prime district scale exploration\nopportunities. Enchi’s 248 km(2) land package covers 40 kilometres of\nGhana’s prolific Bibiani Shear Zone, a gold belt which hosts several\nmulti-million-ounce gold deposits, including the Chirano mine 50 kilometres to\nthe north. Newcore’s vision is to build a responsive, creative and powerful\ngold enterprise that maximizes returns for shareholders.\n((1) Source: Production volumes for 2024 as sourced from the World Gold\nCouncil.)\n\nOn Behalf of the Board of Directors of Newcore Gold Ltd.\n\nLuke Alexander\nPresident, CEO & Director\n\nFor further information, please contact:\n\nMal Karwowska | Vice President, Corporate Development and Investor Relations\n+1 604 484 4399\ninfo@newcoregold.com \nwww.newcoregold.com  \n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release includes statements that contain \"forward-looking\ninformation\" within the meaning of the applicable Canadian securities\nlegislation (\"forward-looking statements\"). All statements, other than\nstatements of historical fact, are forward-looking statements and are based on\nexpectations, estimates and projections as at the date of this news release.\nAny statement that involves discussion with respect to predictions,\nexpectations, beliefs, plans, projections, objectives, assumptions, future\nevents or performance (often, but not always using phrases such as \"plans\",\n\"expects\", \"is expected\", \"budget\", \"scheduled\", \"estimates\", \"forecasts\",\n\"intends\", \"anticipates\", or \"believes\" or variations (including negative\nvariations) of such words and phrases, or state that certain actions, events\nor results \"may\", \"could\", \"would\", \"might\" or \"will\" be taken, occur or be\nachieved) are not statements of historical fact and may be forward-looking\nstatements. In this news release, forward-looking statements relate, among\nother things, to: receipt of all approvals related to the Offering; the\nintended use of proceeds from the Offering; exercise of the Underwriters’\nOption; and the expected terms and closing of the Offering.\n\nThese forward-looking statements, and any assumptions upon which they are\nbased, are made in good faith and reflect our current judgment regarding the\ndirection of our business. The assumptions underlying the forward-looking\nstatements are based on information currently available to Newcore. Although\nthe forward-looking statements contained in this news release are based upon\nwhat management of Newcore believes, or believed at the time, to be reasonable\nassumptions, Newcore cannot assure its shareholders that actual results will\nbe consistent with such forward-looking statements, as there may be other\nfactors that cause results not to be as anticipated, estimated or intended.\nForward-looking information also involves known and unknown risks,\nuncertainties and other factors which may cause the actual results,\nperformance or achievements of the Company to be materially different from any\nfuture results, performance or achievements expressed or implied by the\nforward-looking information. Such factors include, among others: the\nconditions to closing of the Offering may not be satisfied; management’s\nbroad discretion regarding the use of proceeds of the Offering; the Company\nmay require additional financing from time to time in order to continue its\noperations which may not be available when needed or on acceptable terms and\nconditions; risks related to the speculative nature of Newcore’s business;\nNewcore’s formative stage of development; Newcore’s financial position;\npossible variations in mineralization, grade or recovery rates; actual results\nof current exploration activities; fluctuations in general macroeconomic\nconditions; fluctuations in securities markets; fluctuations in spot and\nforward prices of gold and other commodities; fluctuations in currency markets\n(such as the Canadian dollar to United States dollar exchange rate); change in\nnational and local government, legislation, taxation, controls, regulations\nand political or economic developments; risks and hazards associated with the\nbusiness of mineral exploration, development and mining (including\nenvironmental hazards, unusual or unexpected geological formations); the\npresence of laws and regulations that may impose restrictions on mining;\nemployee relations; relationships with and claims by local communities; the\nspeculative nature of mineral exploration and development (including the risks\nof obtaining necessary licenses, permits and approvals from government\nauthorities); and title to properties.\n\nForward-looking statements contained herein are made as of the date of this\nnews release and Newcore disclaims any obligation to update any\nforward-looking statements, whether as a result of new information, future\nevents or results, except as may be required by applicable securities laws.\nThere can be no assurance that forward-looking information will prove to be\naccurate, as actual results and future events could differ materially from\nthose anticipated in such statements. Accordingly, readers should not place\nundue reliance on forward-looking information.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0f0c6c0d-26c2-4bfa-a906-b38106367d91)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX4wknmL","title":"Newcore Gold Announces $10 Million Bought Deal Financing","author":"Globe Newswire","ticker":"NCAU","created":"2026-05-14T20:15:26.097Z","tickers":["NCAU"],"exchange":"","article_body":"NOT FOR DISTRIBUTION TO THE UNITED STATES NEWS WIRE SERVICES OR FOR\nDISSEMINATION IN THE UNITED STATES\n\nVANCOUVER, British Columbia, May 14, 2026 (GLOBE NEWSWIRE) -- Newcore Gold\nLtd. (\"Newcore\" or the \"Company\") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to\nannounce that it has entered into an agreement with Haywood Securities Inc.,\non its behalf and on behalf of a syndicate of underwriters (collectively, the\n\"Underwriters\"), pursuant to which the Underwriters have agreed to purchase,\non a bought-deal basis, 18,870,000 common shares of the Company (the \"Common\nShares\") at a price of $0.53 per Common Share for aggregate gross proceeds to\nthe Company of $10,001,100 (the \"Offering\").\n\nThe Company has granted the Underwriters an option (the \"Underwriters’\nOption\") to increase the size of the Offering by up to an additional 2,830,500\nCommon Shares for additional gross proceeds of up to $1,500,165, exercisable\nat any time up to two business days prior to closing of the Offering.\n\nThe Company intends to use the net proceeds of the Offering to fund\nexploration and development activities at the Company’s Enchi Gold Project\nin Ghana, as well as for general corporate and working capital purposes as\ndescribed in the Offering Document (as defined below).\n\nThe Offering is expected to close on or about May 28, 2026, or such other date\nas may be agreed to by the Company and the Underwriters (the \"Closing\").\nClosing is subject to certain customary conditions, including, but not limited\nto, the receipt of all necessary approvals including the conditional approval\nof the TSX Venture Exchange and the applicable securities regulatory\nauthorities. Subject to compliance with applicable regulatory requirements and\nin accordance with National Instrument 45-106 – Prospectus Exemptions (\"NI\n45-106\"), the Offering is being made to purchasers’ resident in Canada,\nexcept Québec, pursuant to the listed issuer financing exemption under Part\n5A of NI- 45-106, as amended and supplemented by Coordinated Blanket Order\n45-935 Exemptions from Certain Conditions of the Listed Issuer Financing\nExemption (the \"Listed Issuer Financing Exemption\"). The Common Shares offered\nunder the Listed Issuer Financing Exemption will not be subject to a hold\nperiod in accordance with applicable Canadian securities laws.\n\nThe securities being offered have not been, nor will they be registered under\nthe United States Securities Act of 1933, as amended (the \"U.S. Securities\nAct\") or any applicable securities laws of any state of the United States and\nmay not be offered or sold within the United States or to, or for the account\nor benefit of, U.S. persons absent such registration or an applicable\nexemption from such registration requirements. This release does not\nconstitute an offer for sale or the solicitation of an offer to buy any of the\nsecurities in the United States or to, or for the account or benefit of, a\nU.S. person. \"U.S. person\" and \"United States\" are as defined in Regulation S\nunder the U.S. Securities Act.\n\nThere is an offering document (the \"Offering Document\") related to the\nOffering that can be accessed under the Company’s profile on SEDAR+ at\nwww.sedarplus.ca and on the Company’s website at newcoregold.com\n(https://newcoregold.com/). Prospective investors should read this Offering\nDocument before making an investment decision.\n\nAbout Newcore Gold Ltd.\n\nNewcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s\nlargest gold producer( (1)). Newcore Gold offers investors a unique\ncombination of top-tier leadership, who are aligned with shareholders through\ntheir 13% equity ownership, and prime district scale exploration\nopportunities. Enchi’s 248 km(2) land package covers 40 kilometres of\nGhana’s prolific Bibiani Shear Zone, a gold belt which hosts several\nmulti-million-ounce gold deposits, including the Chirano mine 50 kilometres to\nthe north. Newcore’s vision is to build a responsive, creative and powerful\ngold enterprise that maximizes returns for shareholders.\n((1) Source: Production volumes for 2024 as sourced from the World Gold\nCouncil.)\n\nOn Behalf of the Board of Directors of Newcore Gold Ltd.\n\nLuke Alexander\nPresident, CEO & Director\n\nFor further information, please contact:\n\nMal Karwowska | Vice President, Corporate Development and Investor Relations\n+1 604 484 4399\ninfo@newcoregold.com \nwww.newcoregold.com  \n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nCautionary Note Regarding Forward-Looking Statements\n\nThis news release includes statements that contain \"forward-looking\ninformation\" within the meaning of the applicable Canadian securities\nlegislation (\"forward-looking statements\"). All statements, other than\nstatements of historical fact, are forward-looking statements and are based on\nexpectations, estimates and projections as at the date of this news release.\nAny statement that involves discussion with respect to predictions,\nexpectations, beliefs, plans, projections, objectives, assumptions, future\nevents or performance (often, but not always using phrases such as \"plans\",\n\"expects\", \"is expected\", \"budget\", \"scheduled\", \"estimates\", \"forecasts\",\n\"intends\", \"anticipates\", or \"believes\" or variations (including negative\nvariations) of such words and phrases, or state that certain actions, events\nor results \"may\", \"could\", \"would\", \"might\" or \"will\" be taken, occur or be\nachieved) are not statements of historical fact and may be forward-looking\nstatements. In this news release, forward-looking statements relate, among\nother things, to: receipt of all approvals related to the Offering; the\nintended use of proceeds from the Offering; exercise of the Underwriters’\nOption; and the expected terms and closing of the Offering.\n\nThese forward-looking statements, and any assumptions upon which they are\nbased, are made in good faith and reflect our current judgment regarding the\ndirection of our business. The assumptions underlying the forward-looking\nstatements are based on information currently available to Newcore. Although\nthe forward-looking statements contained in this news release are based upon\nwhat management of Newcore believes, or believed at the time, to be reasonable\nassumptions, Newcore cannot assure its shareholders that actual results will\nbe consistent with such forward-looking statements, as there may be other\nfactors that cause results not to be as anticipated, estimated or intended.\nForward-looking information also involves known and unknown risks,\nuncertainties and other factors which may cause the actual results,\nperformance or achievements of the Company to be materially different from any\nfuture results, performance or achievements expressed or implied by the\nforward-looking information. Such factors include, among others: the\nconditions to closing of the Offering may not be satisfied; management’s\nbroad discretion regarding the use of proceeds of the Offering; the Company\nmay require additional financing from time to time in order to continue its\noperations which may not be available when needed or on acceptable terms and\nconditions; risks related to the speculative nature of Newcore’s business;\nNewcore’s formative stage of development; Newcore’s financial position;\npossible variations in mineralization, grade or recovery rates; actual results\nof current exploration activities; fluctuations in general macroeconomic\nconditions; fluctuations in securities markets; fluctuations in spot and\nforward prices of gold and other commodities; fluctuations in currency markets\n(such as the Canadian dollar to United States dollar exchange rate); change in\nnational and local government, legislation, taxation, controls, regulations\nand political or economic developments; risks and hazards associated with the\nbusiness of mineral exploration, development and mining (including\nenvironmental hazards, unusual or unexpected geological formations); the\npresence of laws and regulations that may impose restrictions on mining;\nemployee relations; relationships with and claims by local communities; the\nspeculative nature of mineral exploration and development (including the risks\nof obtaining necessary licenses, permits and approvals from government\nauthorities); and title to properties.\n\nForward-looking statements contained herein are made as of the date of this\nnews release and Newcore disclaims any obligation to update any\nforward-looking statements, whether as a result of new information, future\nevents or results, except as may be required by applicable securities laws.\nThere can be no assurance that forward-looking information will prove to be\naccurate, as actual results and future events could differ materially from\nthose anticipated in such statements. Accordingly, readers should not place\nundue reliance on forward-looking information.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0f0c6c0d-26c2-4bfa-a906-b38106367d91)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-14T20:15:26.15604108Z","server_sent_at_ms":1778789726156},"received_at":"2026-05-14T20:15:26.218Z","source_url":"https://www.globenewswire.com/news-release/2026/05/14/3295407/35625/en/Newcore-Gold-Announces-10-Million-Bought-Deal-Financing.html"},"analysis":{"id":"25156","press_release_id":"35713","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Significant dilution: 18.87M shares issued (plus potential 2.83M option) for a small-cap explorer","Bought-deal structure implies pre-negotiated discount to market price","Proceeds include 'general corporate and working capital' which offers less visibility than project-specific spend"],"eventType":"offering","narrative":"Newcore Gold has entered into a bought-deal agreement to raise $10.0 million by issuing 18.87 million common shares at $0.53 per share.\n\nThe underwriters, led by Haywood Securities, hold an option to purchase up to an additional 2.83 million shares for $1.5 million, exercisable within two business days of closing.\n\nThe company intends to use the net proceeds to fund exploration and development at its Enchi Gold Project in Ghana, as well as for general corporate and working capital purposes.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Newcore Gold raises $10M via bought deal to fund Enchi project; watch for dilution impact and potential exercise of underwriter option."},"keyFigures":{"dealValueUsd":10001100,"offeringPrice":0.53,"sharesOffered":18870000,"customDimensions":{"underwriter_option_shares":2830500,"underwriter_option_proceeds":1500165}},"quotedText":"Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s largest gold producer","namedEntities":{"people":[{"name":"Luke Alexander","role":"President, CEO & Director"},{"name":"Mal Karwowska","role":"Vice President, Corporate Development and Investor Relations"}],"products":["Enchi Gold Project"],"companies":[{"name":"Newcore Gold Ltd.","ticker":"NCAU","relationship":"filer"},{"name":"Haywood Securities Inc.","relationship":"underwriter"}],"dollarAmounts":[{"amount":"$10,001,100","context":"aggregate gross proceeds"},{"amount":"$0.53","context":"price per Common Share"},{"amount":"$1,500,165","context":"additional gross proceeds from underwriters' option"}]},"materialImpact":{"score":3,"reasoning":"A $10M bought-deal financing for a small-cap explorer represents significant dilution (approx. 15-20% of outstanding shares depending on current float) and signals a need for capital. While the proceeds are earmarked for specific project development (Enchi), the dilutive nature and typical discount in bought deals create near-term selling pressure."},"tickerRelevance":{"others":[],"primary":"NCAU"},"globalImportance":25,"audienceRelevance":15,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"dilutive financing","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"high impact relative to size","retailFavoriteBoost":0}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bearish","material_impact_score":3,"narrative":"Newcore Gold has entered into a bought-deal agreement to raise $10.0 million by issuing 18.87 million common shares at $0.53 per share.\n\nThe underwriters, led by Haywood Securities, hold an option to purchase up to an additional 2.83 million shares for $1.5 million, exercisable within two business days of closing.\n\nThe company intends to use the net proceeds to fund exploration and development at its Enchi Gold Project in Ghana, as well as for general corporate and working capital purposes.","key_figures":{"dealValueUsd":10001100,"offeringPrice":0.53,"sharesOffered":18870000,"customDimensions":{"underwriter_option_shares":2830500,"underwriter_option_proceeds":1500165}},"named_entities":{"people":[{"name":"Luke Alexander","role":"President, CEO & Director"},{"name":"Mal Karwowska","role":"Vice President, Corporate Development and Investor Relations"}],"products":["Enchi Gold Project"],"companies":[{"name":"Newcore Gold Ltd.","ticker":"NCAU","relationship":"filer"},{"name":"Haywood Securities Inc.","relationship":"underwriter"}],"dollarAmounts":[{"amount":"$10,001,100","context":"aggregate gross proceeds"},{"amount":"$0.53","context":"price per Common Share"},{"amount":"$1,500,165","context":"additional gross proceeds from underwriters' option"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-14T20:38:32.177Z","global_importance":25,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"dilutive financing","sectorWeight":"moderate","householdBrandBoost":0,"marketCapAdjustment":"high impact relative to size","retailFavoriteBoost":0}},"durationMs":59090,"modelName":"george-droid-qwen-72b"}}