Business
Newlox Gold Increases Private Placement to $3 Million
July 31, 2025 – TheNewswire - Vancouver, British Columbia – Newlox Gold Ventures Corp. (the “Corporation”) is pleased to announce that, further to its press rel
About this update from Newlox Gold Ventures Corp.
[{"type":"text","content":"July 31, 2025 – TheNewswire - Vancouver, British Columbia – Newlox Gold Ventures Corp. (the “Corporation”) is pleased to announce that, further to its press release of July 22, 2025, the Corporation has increased the size of its previously announced private placement from 28,571,429 units to 42,857,143 units (“Units”) at a price of $0.07 for total gross proceeds of $3 million (the “Private Placement”). Each Unit shall consist of one (1) common share (“Share”) in the capital of the Corporation and one (1) common share purchase warrant (“Warrant”). Each Warrant will entitle 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 months following the date of issuance. The proceeds from the Private Placement will be used to fund the Corporation’s current operations in Costa Rica and for general working capital. The Private Placement is subject to all necessary regulatory approvals. The securities being issued in the private placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The securities to be offered pursuant to the Private Placement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or compliance with the requirements of exemptions therefrom. Under Rule 144 under the Securities Act, such securities may be resold following a holding period of six months, subject to certain volume and manner of sale limitations in the event the holder is deemed an affiliate, and subject to otherwise meeting all applicable conditions of such rule. Hedging transactions involving the securities may not be conducted unless in compliance with the Securities Act. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Shares and Warrants issued under the Private Placement are also subject to a Canadian statutory hold period of four mont...