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Newton Converts Interest in Newton JV to a 5% Net Profits Interest
Newton Converts Interest in Newton JV to a 5% Net Profits Interest Vancouver, British Columb...
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[{"type":"text","content":"\nNewton Converts Interest in Newton JV to a 5% Net Profits Interest\n\nNewton Converts Interest in Newton JV to a 5% Net Profits Interest\nVancouver, British Columbia CANADA, May 31, 2012 /FSC/ - Newton Gold Corp.  (NWG - TSX Venture, HR2N - FSE),wishes to announce they have chosen to convert its 20% Participating Interest in the Newton Joint Venture, in accordance with the terms of the JV Agreement, to a 5% Net Profits Interest. The decision to convert was made by way of a costs/benefits analysis of the project going forward. \nThe Company will no longer have a continued funding requirement to the Joint Venture and will hold a 5% Net Profit Interest on the entire 1,478 sq/km Newton property including any future discovery.\nAbout Newton Gold Corp\nNewton Gold Corp. is a British Columbia focused exploration company with two advanced exploration projects. The Company has an experienced management team with a growth strategy to develop a diversified portfolio of exploration projects that can be taken into production. The Company's main objective is to add shareholder value through cost efficient exploration, strategic acquisitions, joint ventures, and effective marketing while maintaining a lower risk profile through project diversification and sound financial management.\nON BEHALF OF THE BOARD OF DIRECTORS \n\"Mark A. McLeary\"\nPresident\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\nNEWTON GOLD CORP\nSuite 400 - 409 Granville Street\nVancouver, BC, V6C 1T2\nTelephone: (604) 678-2531\nTo view this press release as a web page, click onto the link below: \nhttp://www.usetdas.com/pr/newtongold05312012.htm\nSource: Newton Gold Corp. (TSXV: NWG) http://www.newtongold.com\nMaximum News Dissemination by FSCwire. http://www.fscwire.com\n\n","length":2224,"tagName":"div"}]