Newrange Gold announces closing of second and final tranche of non-brokered private placement for proceeds of around $1.351M
Newrange Gold Corp. (CVE:NRG) (OTCMKTS:NRGOF) (FRA:X6C) has announced the closing of the second and final tranche of a non-brokered private placement for proceeds of $1,351,991.60.
The company said the proceeds will be used to advance its flagship Pamlico Project in Nevada and for general working capital. Total gross proceeds from the non-flow-through and flow-through financings were $3,057,391.48.
The offering consisted of 11,266,597 units, with each unit made up of one common share of the company and one-half share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $0.25 at any time until April 28, 2023.
READ: Newrange Gold selects drill targets from IP survey for North Birch Project in Ontario
Newrange said cash finder’s fees or commissions in the amount of $69,605.97 were paid on the second tranche of the financing and the company issued 568,050 share purchase finders warrants. Each finders warrant entitles the holder to purchase one common share at an exercise price of $0.25 for a two-year period. Insiders subscribed for an aggregate of 1,075,000 units for a total of $129,000.
All securities issued under the placement are subject to a 4-month hold period from the date of issuance and subject to TSX Venture Exchange approval. The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
Newrange is focused on district-scale exploration for precious metals in favorable jurisdictions including Nevada, Ontario and Colorado. With locally high-grade, near-surface oxide gold mineralization, the company’s flagship Pamlico Project is poised to become a significant new Nevada discovery.
Contact the author at [email protected]
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/948060/newrange-gold-announces-closing-of-second-and-final-tranche-of-non-brokered-private-placement-for-proceeds-of-around-1351m-948060.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,707,156,046 |
| Stories: | 8,447,324 |
Whistler Blowers, Insiders
