MONTREAL, QUEBEC--(Marketwire - Feb 11, 2013) - Northcore Resources Inc. (TSX VENTURE:NCR) ("NCR" or the "Corporation") announces the closing of its first tranche private placement of an amount of $120,000 according to TSX-V rules and regulations. The proceeds of this first tranche private placement will serve to pay the following creditors of the Corporation:
|Legal firm fees||$4,306.22|
|Proxy & regulatory/ communications||$84.44|
|Transfer Agent fees||$8,623.15|
Also, the Corporation wishes to disclose that all the directors of said Corporation duly approved this first tranche private placement as well as the use of proceeds.