Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF Newrange Gold Increases Size of Bridge Financing
250 - 750 West Pender Street, Vancouver, BC V6C 2T7 - Tel. (604) 669 - 0868
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
Newrange Gold Increases Size of Bridge Financing
VANCOUVER, BRITISH COLUMBIA, April 25, 2023 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) –
Newrange Gold Corp. ("Newrange" or the “ Company") 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 (the “RTO”) with ASX-listed Mithril Resources Limited.
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 (the "Units") at a price of $0.0 9 per Unit for gross
proceeds of $44 1,460. Each Unit will consist of one common share (“Share”) in the capital of the
Company and one share purchase warrant ("Warrant") with each Warrant be ing convertible into an
additional Share at an exercise price of $0.12 for a period of 36 months from the date of issuance.
Cash fin der’s fees or commissions in the amount of $12,383 will be paid on the financings and the
Company will issue 137,589 share purchase finders units (the “Finders Units”) exercisable at $0.09 per
Finders Unit. Each Finders Unit entitles the holder thereof to purchase one common share and one share
purchase warrant at an an exercise price of $0.12 for a three -year period. The placement is now
anticipated to close on or about April 28, 2023.
The net proceeds raised from the Bridge Financing will be used to pay for the expenses related to the
RTO and for working capital purposes. Pursuant to the RTO, the securities issued under the Bridge
Financing will be subject to the proposed second consolidation of 2:1.
All securities to be issued will be 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 offe red or sold in the United States absent
registration or an applicable exemption from the registration requirements.
Investors are cautioned that, except as disclosed in the management information circular or filing
statement to be prepared in connection with the transaction, any information released or received with
respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the
securities of Newrange should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this press release.
250 - 750 West Pender Street, Vancouver, BC V6C 2T7 - Tel. (877) 271 5886 ext. 110
Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF
About Newrange Gold Corp.
Newrange is currently focused on district-scale exploration for precious metals in the prolific Red Lake
District of northwestern Ontario . The past-producing high-grade Argosy Gold Mine is open to depth,
while the adjacent North Birch Project offers additional blue -sky potential. Further information can be
found on our website at www.newrangegold.com.
Signed: “Robert Archer”
President & CEO
FOR FURTHER INFORMATION CONTACT:
Email: [email protected]
Tel.: +1 (877) 271-5886 ext. 110
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 statements in this news release contain forward-looking information that involves inherent risk and uncertainty
affecting the business of Newrange Gold Corp. Actual results may differ materially from those currently anticipated in such
statements.