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VANCOUVER, British Columbia, Aug. 19, 2022 (GLOBE NEWSWIRE) — Newcore Gold Ltd. (“Newcore” or the “Firm”) (TSX-V: NCAU, OTCQX: NCAUF) publicizes the annual grant of fairness incentive awards. Newcore has granted 1,690,000 inventory choices and 320,000 restricted share models (collectively the “Fairness Incentive Awards”) to varied workers, administrators and executives of the Firm. The inventory choices had been granted at a value of $0.30 per share for a interval of 5 years. The Fairness Incentive Awards are topic to regulatory approval, are granted underneath the Firm’s long-term incentive plan and are topic to vesting provisions.
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About Newcore Gold Ltd.
Newcore Gold is advancing its Enchi Gold Venture positioned in Ghana, Africa’s largest gold producer(1). Newcore Gold provides traders a novel mixture of top-tier management, who’re aligned with shareholders by means of their 24% fairness possession, and prime district scale exploration alternatives. Enchi’s 216 km2 land bundle covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts a number of 5 million-ounce gold deposits, together with Kinross’ Chirano mine 50 kilometers to the north. Newcore’s imaginative and prescient is to construct a responsive, inventive and highly effective gold enterprise that maximizes returns for shareholders.
(1) Supply: Manufacturing volumes for 2021 as sourced from the World Gold Council
On Behalf of the Board of Administrators of Newcore Gold Ltd.
Luke Alexander
President, CEO & Director
For additional info, please contact:
Mal Karwowska | Vice President, Company Improvement and Investor Relations
+1 604 484 4399
information@newcoregold.com
www.newcoregold.com
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
