Newlox Gold Increases Private Placement to $3 Million
(TheNewswire)
July 31, 2025 – TheNewswire - Vancouver,British Columbia – Newlox Gold Ventures Corp. (the “ Corporation ”) is pleased toannounce that, further to its press release of July 22, 2025, theCorporation has increased the size of its previously announced privateplacement from 28,571,429 units to 42,857,143 units (“ Units ”) at a price of $0.07 fortotal gross proceeds of $3 million (the “ Private Placement ”).
Each Unit shall consist of one (1) common share (“ Share ”) in the capital of theCorporation and one (1) common share purchase warrant (“ Warrant ”). Each Warrant willentitle the holder thereof to acquire one (1) Share of the Corporation(each a “ Warrant Share ”)at a price of $0.12 per Warrant Share for a period of 36 monthsfollowing the date of issuance.
The proceeds from the Private Placement will be used to fund theCorporation’s current operations in Costa Rica and for generalworking capital.
The Private Placement is subject to all necessary regulatoryapprovals. The securities being issued in the private placement willbe subject to a four-month hold period in accordance with applicableCanadian securities laws.
The securities to be offered pursuant to the Private Placement havenot been, and will not be, registered under the U.S. Securities Act of 1933 , asamended (the “ U.S. SecuritiesAct ”) or any U.S. state securities laws, and may not beoffered or sold in the United States absent registration under theU.S. Securities Act and all applicable U.S. state securities laws orcompliance with the requirements of exemptions therefrom. Under Rule144 under the Securities Act, such securities may be resold followinga holding period of six months, subject to certain volume and mannerof sale limitations in the event the holder is deemed an affiliate,and subject to otherwise meeting all applicable conditions of suchrule. Hedging transactions involving the securities may not beconducted unless in compliance with the Securities Act.
This news release shall not constitute an offer to sell or thesolicitation of an offer to buy securities in the United States, norshall there be any sale of these securities in any jurisdiction inwhich such offer, solicitation or sale would be unlawful. The Sharesand Warrants issued under the Private Placement are also subject to aCanadian statutory hold period of four months and one day followingthe closing date.
About Newlox GoldVentures Corp.
Newlox Gold Ventures Corp. is an emerging preciousmetals producer dedicated to the recovery of gold and silver fromartisanal and small-scale mining operations across Latin America. TheCompany leverages technology to recover precious metals whileremediating historical mine waste and contributing to local economicdevelopment.
On Behalf of the Board, Newlox Gold VenturesCorp.
Enquiries
Gary MacDonald
President
Website: www.newloxgold.com
Telephone: 647.848.5843
Email: info@newloxgold.com
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).
Forward-Looking Information
The information in this news releaseincludes certain information and statements about management’s viewof future events, expectations, plans and prospects that constituteforward- looking information. Forward-looking information includes,but is not limited to, the completion of the work programs currentlyunderway and the results of these programs. These statements are basedupon assumptions that are subject to significant risks anduncertainties. Because of these risks and uncertainties and as aresult of a variety of factors, the actual results, achievements, orperformance may vary materially from those anticipated and indicatedby these forward-looking statements. The material risk factors thatcould cause actual results to differ include the risk that workundertaken by the Company may have unintended effects, the risk ofdelays in completing work, and the risk that the Company may not beable to raise sufficient funds and Force Majeure. Although the Companybelieves that the expectations reflected in the forward-lookinginformation are reasonable, it can give no assurances that theexpectations of any forward-looking information will prove to becorrect. Except as required by law, the Company disclaims anyintention and assumes no obligation to update or revise anyforward-looking information to reflect actual results, whether as aresult of new information, future events, changes in assumptions,changes in factors affecting such forward-looking statements orotherwise. Neither Canadian Securities Exchange nor its RegulationServices Provider (as that term is defined in the policies of theCanadian Securities Exchange) accept responsibility for the adequacyor accuracy of this release).
Copyright (c) 2025 TheNewswire - All rights reserved.
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