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  • Newrange Gold Corp. (NRG) has announced a non-brokered private placement to raise gross proceeds of up to $10,080,000
  • President & CEO Robert (Bob) Archer sat down with Sabrina Cuthbert to discuss the capital raise
  • The placement will consist of up to 56,000,000 units priced at C$0.18 per unit
  • The net proceeds raised will be used primarily for the acquisition of a 100 per cent interest in the Coricancha Gold-Silver-Copper-Lead-Zinc Mine in Central Peru
  • Newrange is currently focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario
  • Shares of Newrange Gold Corp. (NRG) opened trading at C$0.03

Newrange Gold Corp. (NRG) has announced a non-brokered private placement to raise gross proceeds of up to $10,080,000.

President & CEO Robert (Bob) Archer sat down with Sabrina Cuthbert to discuss the capital raise.

The placement will consist of up to 56,000,000 units priced at C$0.18 per unit. Each unit consists of one common share and one-half share purchase warrant. Each whole warrant can be exercised for an additional share at $0.27 for a period of 36 months. 

The warrants are subject to an acceleration clause.

A finder’s fee of up to 7 per cent in cash and 7 per cent in warrants may also be paid.

The net proceeds raised will be used for the acquisition of a 100 per cent interest in the Coricancha Gold-Silver-Copper-Lead-Zinc Mine in Central Peru and general working capital.

All securities to be issued will be subject to a statutory four-month hold period.

Newrange is currently focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario.

Shares of Newrange Gold Corp. (NRG) opened trading at C$0.03.


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