Business
Newlox Gold Appoints Roger Dent to the Board and Announces Debenture Financing
Vancouver BC - TheNewswire - 8 May 2025 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF) is pleased
About this update from Newlox Gold Ventures Corp.
[{"type":"text","content":"Vancouver BC - TheNewswire - 8 May 2025 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt/Stuttgart: NGO | PINK: NWLXF) is pleased to announce the appointment of Roger Dent to the Company’s Board of Directors and a debenture financing to primarily support operational improvements at the Company’s Costa Rica precious metals projects. Mr. Dent has served as the CEO and a director of Quinsam Capital Corporation, an investment company, since December 2013 and also serves as a director of illumin Holdings Inc., Omni-Lite Industries Canada, Inc., Deveron Corp., and California Nanotechnologies Corp. In total, Mr. Dent's board service is an aggregate of approximately 50 terms. This history of board experience provides an extensive array of skill with governance, regulatory, and practical business matters. From 2003 to 2011, Mr. Dent held various positions, including portfolio manager with Matrix Fund Management Inc. He was formerly Vice-Chairman of one of the Canada’s largest independent investment dealers and was Managing Director and Deputy Manager of Research at CIBC World Markets. He holds a Master of Business Administration from Harvard Business School and a Bachelor of Commerce from Queen’s University. Mr. Dent’s considerable experience with corporate finance is expected to be a significant addition to the Company’s capabilities as it seeks to secure adequate operating capital to increase throughput at its Costa Rican operations. The Company also announces a convertible debenture financing designed to provide bridge financing to support the increase of throughput at Newlox’s Costa Rica precious metals projects as well as support the G&A requirements of the Company. The Company plans to raise up to $500,000 through the issuance of convertible debenture units consisting of $1,200 of principal and 5,000 common share purchase warrants per Unit (‘Unit”). Each non-transferrable warrant will entitle the holder to purchase one Warrant Share at an exercise price of $0.12 per share for a period of 3 years. The debentures will bear interest at a rate of 15% per annum calculated and payable quarterly and a maturity date 2 years from issuance. A lead investor will have the right to hold a general corporate security for the benefit of all participants in the financing. Debentureholders will have the option to co...