Newlox Gold Closing Of Oversubscribed Private Placement

Group 1 - Newlox Gold Ventures Corp has successfully closed a private placement that was oversubscribed by $171,320, raising a total of $2,171,320 through the issuance of 31,018,857 units at a price of $0.07 per unit [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire a share at $0.12 until July 28, 2028 [2][4] - The proceeds from the offering will be used for continued milling operations in Costa Rica and for general working capital [6] Group 2 - The company paid a finders' fee of $27,241 and issued 778,314 non-transferable broker warrants as part of the offering [3] - Related party transactions occurred as directors and/or officers of the company subscribed for 9,500,000 units, totaling $665,000, which did not exceed 25% of the company's market capitalization [5] - All securities issued are subject to a statutory hold period of four months and one day [7] Group 3 - Newlox Gold Ventures Corp is focused on recovering gold and silver from artisanal and small-scale mining operations in Latin America, utilizing technology to recover precious metals while also remediating historical mine waste [8]