Newlox Gold Ventures announces that it has closed a fifth tranche of the previously announced unsecured non-brokered Convertible Debenture Financing for gross proceeds of $71,500. The total gross proceeds for all three tranches is $2,191,500. The debentures' principal amount will become due in two years from the closing date and will carry an interest rate of 10% per annum, with interest payable semi-annually. Principle [...]
Newlox Gold Ventures is pleased to provide an update on commissioning at Project 2; the Boston Clean Gold Project. Ryan Jackson, CEO, is pleased to announce that the Company has started feeding mineralized material through it's second, larger, plant in Costa Rica. The Project will process feedstock freshly extracted from the Boston Mine by the Company's local mining partners. At full capacity, the new Boston mill will [...]
Newlox Gold Ventures is pleased to announce a strategic investment of US$100,000 in its Antioquia Community Coexistence Gold Project. Engineering and permitting work are currently underway at the project, with the Company's efforts being directed at obtaining all necessary permits for the project to facilitate the start of construction in 2024. Newlox Gold's Coexistence Project in San Roque, Department of Antioquia [...]
Newlox Gold Ventures announces that it has closed a fourth tranche of the previously announced unsecured non-brokered Convertible Debenture Financing for gross proceeds of $564,000. The total gross proceeds for all three tranches is $2,120,000. The Company anticipates closing a final tranche within the next 45 days. The debentures' principal amount will become due in two years from the closing date and will carry an [...]
Newlox Gold Ventures is pleased to announce that, following the connection of high-voltage power, it has completed testing of equipment at its Boston Project in Costa Rica and has started commissioning work in anticipation of commercial operations. During the first week of February, Newlox Gold's engineering team worked in partnership with technicians from the state-owned Costa Rican power company to test power systems at [...]
Newlox Gold Ventures is pleased to announce that it has successfully completed the planned electrical upgrade at its Boston Project in Costa Rica. Technicians from the state-owned power company operated on-site during the last week of January 2024 to make the final connections and install the high-voltage electrical meter. With the power now connected, Newlox Gold has resumed the testing of Plant 2 in anticipation of [...]
Newlox Gold Ventures announces that it has closed a third tranche of the previously announced unsecured non-brokered Convertible Debenture Financing for gross proceeds of $403,500. The total gross proceeds for all three tranches is $1,556,000. The Company anticipates closing a final tranche in February. The debentures' principal amount will become due in two years from the closing date and will carry an interest rate of [...]
Newlox Gold Ventures announces that it has closed a second tranche of a previously announced unsecured non-brokered Convertible Debenture Financing for gross proceeds of $367,500. The total gross proceeds for both tranches are $1,152,500. The Company expects to close a third and final tranche in mid-January 2024. The debentures' principal amount will become due in two years from the closing date and will carry an interest [...]
Newlox Gold Ventures is pleased to announce that it has successfully procured all equipment needed to complete the planned electrical upgrade at its Boston Project in Costa Rica. All necessary components are now on-site and in the Company's possession. Of particular importance, given the global shortage of this equipment, is an electrical transformer, which has now been delivered and is awaiting installation on site. The [...]
Newlox Gold Ventures is pleased to announce the Company is offering, subject to regulatory approvals, a 1-year term extension to 14,069,613 warrants with an original expiry date of December 18, 2023 and 6,954,266 warrants with an original expiry date of December 31, 2023. All extended warrants have an exercise price of $0.25 per common share. The Board at Newlox Gold has approved these extensions in appreciation of the [...]
Newlox Gold Ventures announces that it is offering an unsecured non-brokered Convertible Debenture Financing and has closed a strong lead order for gross proceeds of $785,000. The Offering remains open to accredited investors for participation. The principal amount of the debentures will become due two years from the closing date and will carry an interest rate of 10% per annum, with interest payable semi-annually [...]
Newlox Gold Ventures is pleased to announce a significant milestone in its operations with the resolution of the electrical supply issue for Plant #2. The Boston Project will benefit from connection to the Costa Rican grid, which is a stable and 98% renewable electricity system. After months of dialogue, Newlox has reached a comprehensive agreement with ICE, the Costa Rican Electrical Institute, to construct and install [...]
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