Newrange Gold Corp. (TSXV:NRG) has extended its non-brokered flow-through and non-flow-through private placement for aggregate gross proceeds of $2 million until April 13, 2022.
The flow-through private placement consists of up to 15,000,000 units of the Company at a price of $0.10 per FT Unit for gross proceeds of up to $1,500,000.
Proceeds will be used to advance the company’s Argosy Gold Mine and North Birch Projects in the Red Lake Mining Division of Ontario.
The company has previously announced the closing of a first tranche of the NFT portion of the financing in the amount of $408,100. Proceeds will be used for general working capital and for continued surface exploration on the Pamlico project in Nevada.
Finders’ fees may be payable on the private placement. This offering is subject to TSX Venture Exchange acceptance.
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.
For further information please visit: https://newrangegold.com/
