An anonymous director reports

NEWLOX GOLD ANNOUNCES AMENDMENT OF CONVERTIBLE DEBENTURES AND WARRANTS

Newlox Gold Ventures Corp. intends to amend the terms of an aggregate of $564,000 convertible debentures and 3.76 million common share purchase warrants issued under a previous non-brokered private placement completed on Feb. 28, 2024.

Convertible debentures

The corporation will extend the maturity date for an additional 24 months from Feb. 28, 2026, to Feb. 28, 2028, and reduce the interest rate from 10 per cent per annum to 5 per cent per annum. In addition, the corporation will make an application to the Canadian Securities Exchange to reduce the conversion price of the debentures from 15 cents to 11 cents.

Warrants

The corporation intends to seek approval from the CSE to amend the expiry date and exercise price of the warrants, which were issued in connection with the debentures. The warrants are exercisable until Feb. 28, 2026, at 25 cents per share. The corporation proposes to extend the exercise period of the warrants by two years from Feb. 28, 2026, to Feb. 28, 2028, and reduce the exercise price of the warrants from 25 cents to 15 cents per common share.

All other terms of the debentures and warrants will remain the same.

About Newlox Gold Ventures Corp.

Newlox Gold Ventures is an emerging precious metals producer dedicated to the recovery of gold and silver from artisanal and small-scale mining operations across Latin America. The company leverages technology to recover precious metals while remediating historical mine waste and contributing to local economic development.

We seek Safe Harbor.