Newrange Gold Corp. (TSXV:NRG) has raised $408,100 through the closing of the first tranche of a non-brokered private placement.
Proceeds will be used for general working capital and for continued surface exploration on the Pamlico project in Nevada.
The company has also announced a parallel non-brokered flow-through private placement for gross proceeds of up to $1,500,000.
Proceeds will be used to advance the company’s Argosy Gold Mine Project in the Red Lake Mining Division of Ontario. The FT financing and the second and final tranche of the NFT financing (approximately $100,000) are expected to close in approximately two weeks.
Newrange is focused on district-scale exploration for precious metals in favourable jurisdictions including Nevada and Ontario. The company’s Pamlico Project in Nevada contains a large-scale multi-phase polymetallic mineralising system with multiple gold and copper targets spread over more than 5,700 hectares.
In the prolific Red Lake District of north-western 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. Fpr further information please visit: https://newrangegold.com/
