Newrange Gold Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.03 per unit for gross proceeds of up to CAD 300,000 on August 2, 2022. Each unit shall consist of one common share in the capital of the company and one share purchase warrant whereby each warrant shall be convertible into an additional share at an exercise price of CAD 0.05 for a period of 24 months from the date of issuance.

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.