Newcore Gold Announces Annual Grant of Equity Incentive Awards
August 18 2023 - 5:30PM
Newcore Gold Ltd. ("Newcore" or the
"Company") (TSX-V: NCAU, OTCQX: NCAUF) announces
the annual grant of equity incentive awards. Newcore has granted
1,540,000 stock options and 531,000 restricted share units
(together the "Equity Incentive Awards") to employees, directors
and executives of the Company. The stock options were granted at a
price of $0.20 per share for a period of five years. The Equity
Incentive Awards are subject to regulatory approval, are granted
under the Company’s long-term incentive plan and are subject to
vesting provisions.
About Newcore Gold Ltd.
Newcore Gold is advancing its Enchi Gold Project
located in Ghana, Africa’s largest gold producer (1). Newcore Gold
offers investors a unique combination of top-tier leadership, who
are aligned with shareholders through their 20% equity ownership,
and prime district scale exploration opportunities. Enchi’s 216 km2
land package covers 40 kilometres of Ghana’s prolific Bibiani Shear
Zone, a gold belt which hosts several 5 million-ounce gold
deposits, including the Chirano mine 50 kilometers to the north.
Newcore’s vision is to build a responsive, creative and powerful
gold enterprise that maximizes returns for shareholders.
(1) Source: Production volumes for 2022 as
sourced from the World Gold Council
On Behalf of the Board of Directors of
Newcore Gold Ltd.
Luke AlexanderPresident, CEO & Director
For further information, please
contact:
Mal Karwowska | Vice President, Corporate
Development and Investor Relations+1 604 484
4399info@newcoregold.com www.newcoregold.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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