Newlox Gold – Private Placement & Marketing Consultant
Vancouver, BC, February 10, 2017 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt: NGO) announces a private placement for issuance of 2,400,000 common shares and 2,400,000 share purchase warrants. Each Warrant is non-transferrable and entitles the holder to purchase an additional Newlox common share for $0.05 in the first 12 months, $0.10 between month 13 and 24 and $0.15 between months 25 and 36. All unexercised warrants shall expire after a term of 3 years. The Company also announces a non-exclusive advisory services agreement with Rui Gao for consulting and market awareness in Asia.
The Company has issued a signing bonus of 1 million shares to Rui Gao as part of the agreement.
About Newlox Gold
Newlox Gold Ventures Corp. is an environmental remediation company recovering contaminants and residual precious metals from historical waste left behind over more than a century of inefficient artisanal and small-scale mining in Latin America.
Newlox collaborates with the Norman B. Keevil Institute of Mining Engineering at the University of British Columbia to develop systems which are perfectly suited to process artisanal tailings material while requiring minimal capital investment and delivering an expedited path to commercial operation.
Neither Canadian Securities Exchange nor its 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).
Stewart A. Jackson, Ph.D., P.Geo., is a “Qualified Person” within the meaning of National Instrument 43-101 and has reviewed the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
For a PDF file of this news release, click here.