Newlox closes final tranche of private placement

Executive Summary

• Newlox Gold Ventures Corp. announced the final closing of an oversubscribed private placement, issuing 8,884,284 units for gross proceeds of $621,899.80.
• The offering was oversubscribed by $793,219.88, with the final tranche closing on September 26, 2025.
• Proceeds are designated for continued milling operations in Costa Rica and general working capital.

Key Details

• Transaction Structure: Final closing of a private placement consisting of units priced at $0.07 per unit.
• Units Issued: 8,884,284 units issued on September 26, 2025.
• Gross Proceeds: $621,899.80.
• Oversubscription Amount: $793,219.88.
• Warrant Terms (Investors): Each unit includes one common share and one common share purchase warrant. Each warrant allows the holder to acquire one common share at $0.12 per share, exercisable until September 26, 2028.
• Finder’s Fee: Paid to two arm's-length third parties, consisting of:
  • Cash commission: $16,520.
  • 472,000 non-transferable broker warrants.
• Broker Warrant Terms: Each broker warrant allows the purchase of one unit at $0.07 per compensation unit. Each compensation unit consists of one common share and one common share purchase warrant. The warrant allows the purchase of one common share at $0.12 per share, exercisable until September 26, 2028.
• Use of Proceeds: Continued milling operations in Costa Rica and general working capital.
• Hold Period: All securities are subject to a statutory hold period of four months and one day.