Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF Newrange Gold Closes Second and Final Tranche of Flow-Through and 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 Flow-Through and
Non-Flow-Through Financing
VANCOUVER, BRITISH COLUMBIA, April 20, 2022 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) –
Newrange Gold Corp. ("Newrange" or the “Company") announces the closing of the second and final
tranche of a non-brokered private placement for gross proceeds of $271,000.26 consisting of 1,440,000
non-flow-through units (the “NFT Units”) at a price of $0.07 per unit and 2,002,356 flow-through units
(the “FT Units”) at a price of $0.085 per FT Unit. The FT Units were issued as National Flow-Through
rather than as Charity Flow -Through, hence the lower price than announced in the Company ’s News
Release of February 23, 2022. Gross proceeds from both tranches of the finan cing totaled
$679,100.26 and comprised 7,270,000 NFT Units and 2,002,356 FT Units.
Each NFT Unit in the Second Tranche consists of o ne common share of the Company and one-half
share purchase warrant (each whole share purchase warrant, a “NFT Warrant”). Each NFT Warrant
entitles the holder thereof to purchase one common share at an exercise price of $0.12 at any time until
April 20, 2024. Proceeds will be used for general working capital and for continued surface exploration
on the Pamlico Project in Nevada.
Each FT Unit in the Second Tranche consists of o ne common share of the Company and o ne-half
share pur chase war rant (each whole share purchase warrant, a “FT Warrant”). Each FT Warrant
entitles the holder thereof to purchase one common share at an exercise price of $0.12 at any time until
April 20, 2024. Proceeds will be used to initiate fieldwork at the Company’s Argosy Gold Mine Project
in the Red Lake Mining Division of Ontario.
Cash finder’s fees or commissions in the amount of $ 11,970 were paid on th e second tranche of the
financing and the Company issued 144,529 share purchase finders warrants (the “Finders Warrants”).
Each Finders Warrant entitles the holder thereof to purchase one common share at an exercise price of
$0.12 for a two-year period.
All securities issued are subject to a four -month hold period from the date of issua nce and subject to
TSX Venture Exchange approval . The securities offer ed 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.
510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
About Newrange Gold Corp.
Newrange is focused on district-scale exploration for precious metals in favorable jurisdictions including
Nevada and Ontario. The Company’s Pamlico Project in Nevada contains a large-scale multi-phase
polymetallic mineralizing system with multiple gold and co pper targets spread over more than 5,70 0
hectares. In t he pr olific Red Lake District of northwestern Ontario, the past-producing high-grade
Argosy Gold Mine is open to de pth, while the adjacent North Birch Project offers additional blue-sky
potential. F ocused on developing shareholder value through exploratio n and development of key
projects, the Com pany is committed to bui lding sustainable value for all stakehold ers. Fu rther
information can be found on our website at www.newrangegold.com.
Signed: “Robert Archer”
President & CEO
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.