The Company announces a non-brokered private placement to raise up to $1,500,000 consisting of 15,000,000units at $0.10 per unit. Each unit will consist of one common share and one share purchase warrant, with each warrant exercisable into one common share at $0.20 for a two-year term. The term of the warrants to be issued may be accelerated by the Company in the event that the Company’s shares trade at or above $0.25 cents for a period of 10 consecutive days. In such case of accelerated warrants, the Company may give notice, in writing or by way of news release, to the holders that the warrants will expire 30 days from the date of providing such notice. The Company may pay a finder’s fee in association with the placement and paid in accordance with applicable laws. Proceeds of the private placement will be used for working capital and continued exploration on the Company’s properties. The issuance of the securities is subject to the final approval of the TSX Venture Exchange.
David Kelsch P.Geo is a Qualified Person under the definition of Canadian National Instrument 43-101, and
has approved the technical information in this news release.
About the Company: Goldcore Resources is managed by a team with over 200 years collectively with a
proven track record of not just finding numerous mines but building and operating them too. The Goldcore
management team’s most recent success is the discovery of the Lac Gueret South a Graphite resource in
Northern Quebec. Goldcore owns this asset 100 percent and the Company’s shareholders will benefit from
this asset when the demand for Graphite projects improves.