Proactive Investors - Run By Investors For Investors

Newrange Gold raises $500K to advance Pamlico project

The resource group issued nearly 3.6 million units at C$0.14 apiece
Gold coins
The Pamlico project covers the historic Pamlico group of mines

Newrange Gold Corp (CVE:NRG) has raised C$503,020 gross subject to regulatory approval in a private placement to advance its high-grade Pamlico project in Nevada.

The resource group issued nearly 3.6 million units at C$0.14 a throw.

READ: Newrange Gold is sitting on a huge tract of virtually unexplored land in Nevada

Each unit consists of one share and one-half share purchase warrant, with each warrant entitling the holder to buy a further share at C$0.20 for two years from the date of issue.

Insiders subscribed for a total of 630,000 units for a total of $88,200 in the placing, the company said.

The company has managed to get its hands on a significant amount of ground in one of the world’s most prolific mining jurisdictions, but what’s more to the point is that this ground has been in private hands since 1896 and remains virtually unexplored.

Its Pamlico project covers the historic Pamlico group of mines as well as the nearby Good Hope, Gold Bar and Sunset mines.

Contact Giles at [email protected]

Follow him on Twitter@Gile74

View full NRG profile View Profile

Newrange Gold Corp. Timeline

Related Articles

Citronen camp in Greenland
April 03 2019
Its Citronen project is in Greenland while its Captains Flat JV with Glencore is in NSW.
This Nanocube Memory Ink targets the global multi-billion dollar printed electronics market
February 12 2019
It has an Internet of Things data ink along with Pilbara ground prospective for conglomerate gold.
A map of Torrens ground's proximity to high-profile mining deposits in the Olympic Dam province
April 04 2019
The company holds the Torrens project with Aeris Resources, a copper producer at the Tritton operations in NSW.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use