Commissioned Successful Test of Beneficiation Plant and Issuance of Shares Pursuant to a Private Placing NI43-101
Vancouver, BC, March 9, 2015 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX) announces a private placement of 1,000,000 units at $0.05 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of Newlox for a period of up to two years from the date of closing for $0.10. No finders fee is payable in connection with this placement.
The Company advises that in accordance with its January 23rd announcement a NI 43-101 has been commissioned.
Newlox Gold Ventures Corp. is a precious metals trading and environmental reclamation Technology Company. The company has secured access to multiple surface dumped stockpiles of historical tailings for reclamation. The Company is not an exploration or mining company. It does not conduct mineral exploration, orebody definition, or mining.
The Company’s initial reclamation facility is operational and is continuing with the final stages of an expansion program designed to increase throughput. Its recently announced construction of a “Beneficiation Plant” has progressed to the point whereby an initial test run on March 4, 2015 has succeeded in liberating contaminates and precious metals from concentrate made from waste dumps, thereby confirming proof of concept, engineering, design and deployment. The Company wishes to acknowledge the help from the Norman B Keevil Institute of Mining Engineering at the University of British Columbia and particularly Professor Marcello Veiga for their engineering support of this environmentally important undertaking.
The longer-term objective of Newlox Gold Ventures Corp. is to establish a dividend paying enterprise, which will allow its shareholders to participate in equity value growth, share in profits, and contribute to environmental clean up while setting a high standard of social responsibility.
On Behalf of the Board, Newlox Gold Ventures Corp.
Neither the Canadian Securities Exchange nor it Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements – Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company’s control. The Company is not a mining or mineral exploration company and therefore holds no resources or reserves as defined by NI 43-101 nor does it carry on any mineral exploration or hold exploitation properties. The Company develops processes for economically viable waste remediation and therefore makes no claims in regard to tonnage or grade of feed material.
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