Precore Gold Announces up to C$2 Million Private Placement

VANCOUVER, British Columbia, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Precore Gold Corp. (CSE: PRCG) (the “Company” or “Precore Gold”) is pleased to announce that it has arranged, subject to receipt of regulatory approval, a non-brokered private placement (the “Private Placement”) to raise gross proceeds of up to $2,000,000. The Private Placement will consist of the sale of up to 11,111,111 units of the Company (the “Units”) at a price of $0.18 per Unit, with each Unit consisting of one common share of the Company (a “Common Share”) and one-half of one share purchase warrant (each whole share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one additional Common Share (a “Warrant Share”) for a period of thirty-six (36) months at an exercise price of $0.25 per Warrant Share. The Company may pay a finder’s fees in connection with the Private Placement. The proceeds from the Private Placement will be used to fund exploration work and for working capital purposes. The securities issued will be subject to a four-month hold period.