Newrange Gold Corp. (TSXV:NRG) has announced a non-brokered private placement of up to 10,000,000 units at $0.03 per Unit to raise gross proceeds of up to $300,000.
Each Unit shall consist of one common share in the capital of the company and one share purchase warrant, whereby each Warrant shall be convertible into an additional Share at an exercise price of $0.05 for a period of 24 months from the date of issuance.
The net proceeds raised from the Offering will be used for general working capital, including final due diligence on a potential acquisition.
All securities to be issued will be subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval.
About Newrange Gold Corp.
Newrange is focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario.
The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. Focused on developing shareholder value through exploration and development of key projects, the Company is committed to building sustainable value for all stakeholders.
For further information please visit: https://newrangegold.com/
