Newrange Gold Corp. (TSXV:NRG) has closed a non-brokered private placement for gross proceeds of $300,000.
Approximately 20% will be used towards field logistics at the North Birch and Argosy Projects in Ontario, with the remainder going to general working capital including due diligence on a potential acquisition.
All securities issued are subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval. The securities issued have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
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/
