(TheNewswire)
Vancouver, BC – TheNewswire - November 28, 2023 – Newlox GoldVentures Corp. (“Newlox” or the “Company”)(CSE:LUX ) ( Frankfurt: NGO) announces that it has closed anon-brokered private placement financing (the “Offering”) withsupport from existing shareholders of the Company.
Newlox Gold has received gross proceeds of $550,000 byissuing 2,750,000 units of the Company (the “Units”) at a price of$0.20 per Unit (the “Unit Price”). Each Unit comprises one commonshare and one common share purchase warrant (a “Warrant”). EachWarrant entitles the holder to purchase one additional common share ofthe Company at an exercise price of $0.25 for 2 years from the closingof the Offering.
All securities are issued pursuant to the Offering willbe subject to a 4-month hold period under applicable securities lawsin Canada.
Newlox will use proceeds from the Private Placement tosupport operations, expansion and grow productivity.
About Newlox Gold VenturesCorp.
Newlox has identified a niche within the extractiveindustry where a clean-technology company can apply innovativeprocessing techniques to not only recover precious metals but alsoaffect positive change in the environmental and social landscape inits targeted jurisdictions of operations.
Contact Newlox
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: ryan@newloxgold.com
Phone: +1 778 7380546
Neither Canadian Securities Exchangenor its Regulation Services Provider (as that term is defined in thepolicies of the Canadian Securities Exchange) accept responsibilityfor the adequacy or accuracy of this release).
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