Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF Newrange Gold Closes Second and Final Tranche of Non Flow-Through Financing
510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
Newrange Gold Closes Second and Final Tranche of
Non Flow-Through Financing
VANCOUVER, BRITISH COLUMBIA, April 28, 2021 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) –
Newrange Gold Corp. ("Newrange" or the “ Company") is p leased to announce the closing of the
second and final tranche of a non -brokered private placement for $1,351,991.64 con sisting of
11,266,597 units (the “Units”). Each Unit consists of one common share of the Company and one-half
share purchase warrant (each whole share purchase warrant, a “Warrant”). Each Warrant entitles the
holder thereof to purchase one common share at an exercise price of $0.25 at any time until April 28,
2023. Proceeds will be used to advance the Company’s flagship Pamlico Project in Nevada and for
general working capital. Total gross proc eeds from the non flow-through and flow -through financings
were $3,057,391.48.
Cash finder’s fees or commissions in the amount of $69,605.97 were paid on the second tranche of the
financing and the Company issued 568,050 share purchase finders warrants (the “Finders Warrants”).
Each Finders Warrant entitles the holder thereof to purchase one common share at an exercise price of
$0.25 for a two-year period.
All securities issued are subject to a four -month hold period from the date of issuance and subject to
TSX Venture Exchange approval . The securities offered have not been registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements.
Insiders subscribed for an aggregate of 1,075,000 Units for a total of $ 129,000. As insiders of
Newrange participated in the financing , it is deemed to be a “related party transaction” within the
meaning of Multilateral Instrument 61 -101 Protection of Minority Security Holders in Special
Transactions (“MI 61 - 101”). Newrange is relying on the exemptions from the for mal valuation and
minority approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61 -101, on the basis
that the fair market value of the transaction does not exceed 25% of Newrange’s market capitalization.
The Company will be filing a mate rial change report in respect of the related party transaction on
SEDAR.
About Newrange Gold Corp.
Newrange is focused on district-scale exploration for precious metals in favorable jurisdictions including
Nevada, Ontario and Colorado. With locally high -grade, near surface oxide gold mineralization , the
510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
Company’s flagship Pamlico Project is poised to become a significant new Nevada discovery. Focused
on developing shareholder value through exploration and development of key projects, the Company is
committed to building sustainable value for all stak eholders. Further information can be found on our
website at www.newrangegold.com.
Signed: “Robert Archer”
CEO & Director
FOR FURTHER INFORMATION CONTACT:
Sharon Fleming Dave Cross
Corporate Communications Chief Financial Officer and Corporate Secretary
Phone: 760-898-9129 Phone: 604-669-0868
Email: [email protected] Email: [email protected]
Website: www.newrangegold.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement:
Some of the s tatements in this news release contain forward -looking information t hat involves inherent risk and uncertainty affecting the
business of Newrange Gold Corp. Actual results may differ materially from those currently anticipated in such statements.