viewNewrange Gold Corp.

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

Quick facts: Newrange Gold Corp.

Price: 0.285 CAD

Market: TSX-V
Market Cap: $32.63 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Newrange Gold Corp. named herein, including the promotion by the Company of Newrange Gold Corp. in any Content on the Site, the Company...



Full interview: Newrange Gold prepares to get drills turning on their...

Newrange Gold (CVE: NRG-OTC: NRGOF) CEO Robert Archer joined Steve Darling from Proactive Vancouver with news the company has started their drilling program at their Pamlico project in Nevada. Archer telling Proactive how big the start of drilling will be and which areas they are going to be...

on 28/5/20

2 min read