Newrange Gold is pleased to announce that, further to the Company's news release of March 6, 2023, it has increased the size of the Bridge Financing associated with the proposed Reverse Takeover with Mithril Resources. As the Company consolidated its shares on the basis of one new for every six old common shares on April 6, the placement will consist of 4,905,112 units at a price of $0.09 per Unit for gross proceeds of [...]
Newrange Gold announces that, further to the Company's news release dated March 6, 2023, it will consolidate its common shares on a 1 new for 6 old basis. The Company currently has 197,092,242 common shares issued and outstanding. Following the Share Consolidation, the Company expects to have 32,848,707 common shares issued and outstanding. The TSX Venture Exchange has confirmed that the Share Consolidation will be [...]
Newrange Gold is pleased to announce that it has entered into a non-binding term sheet with Mithril Resources Ltd. dated March 6, 2023, for a proposed friendly business combination of the two companies. Under the terms of the agreement, Newrange will acquire 100% of the issued share capital of Mithril, resulting in Newrange remaining as the surviving entity. The arm's length transaction will be classified as a Reverse [...]
Newrange Gold Corp. announces that, further to the Company's news release of January 11, 2023, the aggregate number of shares to be issued under shares for debt agreements with certain creditors, will total 20,186,585 at a price of $0.015 per share, for settlement of $302,798.76. All securities issued will be subject to a four month hold period which will expire on the date that is four months and one day from the date of [...]
Newrange Gold Corp. announces that it has signed a Mutual Termination Agreement with Great Panther Mining Ltd. terminating the Share Purchase Agreement to acquire the Coricancha Gold-Silver-Copper-Lead-Zinc Mine in Central Peru. "We are deeply disappointed to have arrived at this outcome," stated Robert Archer, President and CEO of Newrange. "We have been working on this acquisition since March and believe strongly in the [...]
Newrange Gold Corp. announces that it is arranging a non-brokered private placement to raise gross proceeds of up to $10,080,000. The placement is anticipated to close on or about November 25, 2022 following a 'one new for six old' share consolidation and, as such, will be priced at the post consolidation share price of $0.18. The placement will consist of up to 56,000,000 units with each Unit comprising one common share [...]
Newrange Gold Corp. announces that, on October 25, 2022 and further to the Letter of Intent signed on September 12, 2022, it signed a Share Purchase Agreement with Great Panther Mining Ltd. to acquire a 100% interest in the Coricancha Gold-Silver-Copper-Lead-Zinc Mine. Coricancha is a high-grade, narrow-vein, gold-silver-copper-lead-zinc underground mine in the Central Polymetallic Belt of Peru. It is located 90 [...]
Newrange Gold Corp. announces that, on September 12, 2022, it signed a non-binding Letter of Intent with Great Panther Mining Ltd. to acquire a 100% interest in the Coricancha Gold-Silver-Copper-Lead-Zinc Mine. It is anticipated that a Definitive Agreement will be signed in the coming weeks. Coricancha is a high-grade, narrow-vein, gold-silver-copper-lead-zinc underground mine in the Central Polymetallic Belt of Peru. It [...]
Newrange Gold Corp. is pleased to provide an update on its exploration projects in the Red Lake District of Ontario and the Walker Lane Trend of Nevada. North Birch Project At the North Birch Project, 110 km northeast of Red Lake, two diamond drill holes were completed for a total of 723 m. Although the winter drill program was expected to include additional holes, highly variable weather forced a late start and early [...]
Newrange Gold Corp. announces that, further to its news release dated February 24, 2022, the Company has extended its non-brokered flow-through and non-flow-through private placement for aggregate gross proceeds of $2 million until April 13, 2022. The flow-through private placement consists of up to 15,000,000 units of the Company at a price of $0.10 per FT Unit for gross proceeds of up to $1,500,000. Each FT Unit [...]
Newrange Gold is pleased to announce that the first diamond drill hole on the Primary Target Horizon at the 100% owned North Birch Project has confirmed the presence of a strong deformation zone, well in excess of 100 metres wide, as originally interpreted from the geophysics. The sheared and folded basalts and iron formation also display moderate to intense carbonate alteration and local quartz veining. Pyrite and [...]
Newrange Gold Corp. is pleased to announce the closing of the first tranche of a non-brokered private placement for gross proceeds of $408,100 consisting of 5,830,332 non-flow-through units at a price of $0.07 per unit. Each NFT Unit consists of one common share of the Company and one-half share purchase warrant. Each NFT Warrant entitles the holder thereof to purchase one common share at an exercise price of $0.12 at any [...]
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