Private Placement & Director Changes
NEWLOX GOLD VENTURES CORP.
500-900 W Hastings St.
Vancouver B.C. V6C 1E5
PRIVATE PLACEMENT & DIRECTOR CHANGES
Vancouver, BC, January 10, 2013 – Newlox Gold Ventures Corp. (“Newlox”) is pleased to announce it has received Private Placement subscriptions to raise $450,000 by issuing 9,000,000 units at $0.05 per unit with allowance to extend the offering for up to a 20% oversubscription to a maximum of 10,800,000 units in total. 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 until two years from closing for $0.10. A finder’s fee of 10% is payable from the total funds raised. A further announcement will be made on closing. This placement is in addition to the $125,000 placement closed December 31, 2013.
The funds will be used for general working capital as the Company is exploring precious metal related business opportunities focused on Nicaragua and Costa Rica.
John Wolfe and Thomas Bell have stepped down from the board of Directors and the board is pleased to announce two new directors appointed are Ryan Jackson and Ashok Katey:
Ryan Jackson holds a degree from McGill University, Montreal, Canada in environmental science with an emphasis on the environmental determinants of human health as well as a degree in political science. Ryan has worked on the corporate end of the mining industry, participating in trade shows and meetings with investors in Europe, North America, and the Middle East. In addition, Ryan has worked with geologists and mining engineers in the field spending time underground as well as on the surface at processing facilities and exploration sites in Latin America. Over the past two years, Ryan has held the position of Canadian Editor for a mining industry magazine covering the developments in this sector focusing particularly on exploration and development stage companies.
Ashok Katey is an independent tax and business consultant with expertise in creating structures and plans for starting, buying, and selling new companies and companies going public. He holds B.Comm., C.A. and LL.B. degrees and was a member of the Canadian Institute of Chartered Accountants (CICA) for 40 years and a past member of the Canadian Tax Foundation and the International Fiscal Association. Ash is a member of MENSA Canada since 1983.
The board wishes to thank Mr. Wolf and Mr. Bell for their service to the company as Directors. Donald Gordon and Jim Miller-Tate P.Geo remain on the board
ON BEHALF OF THE BOARD
“Donald Gordon”
President [email protected]
For further Information contact Ryan Jackson 778-998-0867 [email protected]