(TheNewswire)
VANCOUVER, BRITISHCOLUMBIA - TheNewswire - March 14, 2022 - (TSXV:NRG ) (OTC :NRGOF ) ( Frankfurt:X6C) Newrange GoldCorp. (" Newrange " or the“ Company ") announces that, further to its news release dated February 24, 2022,the Company has extended its non-brokered flow-through andnon-flow-through private placement for aggregate gross proceeds of $2million (the “Offering”) until April 13, 2022.
The flow-through privateplacement consists of up to 15,000,000 units of the Company (the “FTUnits”) at a price of $0.10 per FT Unit for gross proceeds of up to$1,500,000. Each FT Unit consists of one common share of the Companyand one-half share purchase warrant (each whole share purchasewarrant, a “FT Warrant”). Each FT Warrant entitles the holderthereof to purchase one common share at an exercise price of $0.12 atany time during a 24-month period after theClosing Date . Proceeds will be used to advancethe Company’s Argosy Gold Mine and North Birch Projects in the RedLake Mining Division of Ontario.
Each non-flow-through (“NFT”) Unit consists of onecommon share of the Company and one-half share purchase warrant (eachwhole share purchase warrant, a “NFT Warrant”) at a price of$0.07. Each NFT Warrant entitles the holder thereof to purchase onecommon share at an exercise price of $0.12 at any time during a 24-month period after the Closing Date . The Company has announced the closing of a first tranche of the NFTportion of the financing in the amount of $408,100. Proceeds will beused for general working capital and for continued surface explorationon the Pamlico project in Nevada.
Finders’ fees may be payable on the privateplacement. This offering is subject to TSX Venture Exchangeacceptance.
Newrange is focused on district-scale exploration forprecious metals in favorable jurisdictions including Nevada andOntario. The Company’s Pamlico Project in Nevada contains alarge-scale multi-phase polymetallic mineralizing system with multiplegold and copper targets spread over more than 5,700 hectares. Inthe prolific Red Lake District of northwestern Ontario, thepast-producing high-grade Argosy Gold Mine is open to depth, while theadjacent North Birch Project offers additional blue-sky potential. Focused on developing shareholder value through exploration anddevelopment of key projects, the Company is committed to buildingsustainable value for all stakeholders. Further information can befound on our website at www.newrangegold.com .
Signed: “Robert Archer”
CEO & Director
FORFURTHER INFORMATION CONTACT :
Sharon Fleming | Dave Cross |
Corporate Communications | Chief Financial Officer and Corporate Secretary |
Phone: 760-898-9129 | Phone: 604-669-0868 |
Email: info@newrangegold.com | Email: dcross@crossdavis.com |
Website: www.newrangegold.com
Neither the TSXVenture Exchange nor the Investment Industry Regulatory Organizationof Canada accepts responsibility for the adequacy or accuracy of thisrelease .
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 anticipated in suchstatements.
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