(TheNewswire)
Vancouver,B C -TheNewswire - April 4, 2023 - Newrange Gold Corp. ( TSXV:NRG ) ( US:NRGOF ) ( Frankfurt:X6C) (" Newrange " or the “ Company ") announcesthat, further to the Company’s news release dated March6, 2023 , it will consolidate its common shares on a 1 new for 6 oldbasis. The Company currently has 197,092,242 common shares issued and outstanding. Following the Share Consolidation, the Company expects to have 32,848,707 common sharesissued and outstanding. The TSX Venture Exchange ("TSXV")has confirmed that the Share Consolidation will be effective at themarket open on April 6, 2023 on the TSXV on a post-consolidated basis,however, the Company's common shares will remain halted pending reviewof the Reverse Takeover of Mithril Resources Limited (see Newrange news releasedated March 6, 2023 ). The Company'sname and trading symbol remain unchanged.
On the effective date, the Company's new CUSIP numberwill be 65250B303 and ISIN will be CA65250B3039. Letters oftransmittal describing the process by which shareholders may obtainnew share certificates or Direct Registration System (DRS) advicesrepresenting their consolidated common shares will be mailed shortlyto registered shareholders. Shareholders who hold their sharesthrough a broker or other intermediary and do not have sharesregistered in their name will not be required to complete a letter oftransmittal. The letter of transmittal will be filed under theCompany's profile on SEDAR at www.sedar.com .
As a result of the Share Consolidation of the Company'scommon shares, the exercise or conversion priceand the number of Common Shares issuable under any of the Company'soutstanding warrants and stock options will be proportionatelyadjusted to reflect the Consolidation in accordance with therespective terms thereof.
Pursuant to the provisions of the Business CorporationsAct (British Columbia) and the Articles of the Company, the ShareConsolidation was approved by way of resolutions passed by the boardof directors of the Company.
Newrange is currently focused on district-scale explorationfor precious metals in the prolific Red Lake District of northwesternOntario. The past-producing high-grade Argosy Gold Mine is open todepth, while the adjacent North Birch Project offers additionalblue-sky potential. Further information can be found on our websiteat www.newrangegold.com .
Signed: “Robert Archer”
President & CEO
Forfurther information contact :
Email: info@newrangegold.com
Tel.: +1 (877) 271-5886 ext. 110
Website: www.newrangegold.com
Neither the TSXVenture Exchange nor the Investment Industry Regulatory Organizationof Canada accepts responsibility for the adequacy or accuracy of thisrelease .
Forward-LookingStatement:
Some of the statements in this newsrelease contain forward-looking information that involves inherentrisk and uncertainty affecting the business of Newrange Gold Corp.Actual results may differ materially from those currently anticipatedin such statements.
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