Newlox Gold Ventures (TSE:LUX) has released an update.
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Newlox Gold Ventures Corp. successfully closed the fifth tranche of its convertible debenture financing, adding $71,500 to the total raised amount of $2.19 million. The debentures feature a two-year term with a 10% annual interest rate, convertible into common shares at $0.15 each. Proceeds from the financing will bolster the company’s operations, aid expansion, and enhance productivity within its eco-friendly mining niche.
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