Newlox Gold to extend convertible debentures, warrants

Executive Summary

• Newlox Gold Ventures Corp. will amend its $564,000 convertible debentures, extending maturity by 24 months and cutting the interest rate from 10% to 5% per annum.
• The conversion price of the debentores will be reduced from $0.15 to $0.11 per share, pending CSE approval.
• Associated 3.76 million common‑share purchase warrants will have their expiry extended to February 28 2028 and the exercise price lowered from $0.25 to $0.15 per share.

Key Details

• Convertible Debentures:
• Original aggregate principal: $564,000.
• Maturity extended from Feb 28 2026 → Feb 28 2028 (+24 months).
• Interest rate reduced from 10% p.a. → 5% p.a..

• Proposed conversion price reduction: $0.15 → $0.11 per share (subject to CSE approval).

• Warrants:

• Original issuance: 3.76 million common‑share purchase warrants linked to the debentures.
• Current expiry: Feb 28 2026 at an exercise price of $0.25 per share.

• Proposed amendment: expiry extended to Feb 28 2028 and exercise price reduced to $0.15 per share (subject to CSE approval).

• Other Terms: All remaining terms of the debentures and warrants remain unchanged.

Notable Quotes

(No direct quotes were provided in the release.)