Newlox Gold Ventures Corp. announced a non-brokered private placement of 2,750,000 units at a price of CAD 0.20 per unit for gross proceeds of CAD 550,000 on November 28, 2023. The transaction included participation from existing shareholders of the company.

Each unit comprises one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of CAD 0.25 for two years from the closing of the offering. All securities issued pursuant to the offering will be subject to a four-month hold period under applicable securities laws in Canada.