Newlox Gold Ventures (TSE:LUX) has released an update.
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Newlox Gold Ventures Corp. has successfully completed the final segment of its convertible debenture financing, raising a grand total of $2.34 million to fund the company’s operations, expansion, and productivity growth. Investors who have participated in this offering will benefit from a 10% annual interest, with the option to convert their debentures into common shares at $0.15 each. Additionally, each investor received warrants that allow for the purchase of additional shares at $0.25 within a two-year time frame.
For further insights into TSE:LUX stock, check out TipRanks’ Stock Analysis page.
