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18:57:53 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Newlox Gold Ventures Corp
Symbol LUX
Shares Issued 25,006,911
Close 2014-03-31 C$ 0.05
Market Cap C$ 1,250,346
Recent Sedar Documents

Newlox to acquire Oro Roca for 20 million shares

2014-03-31 16:55 ET - News Release

Gordon Subject: Newlox LUX on CSE Please disseminate the attached news release under your free dissemination service. Thank you Don Gordon 604-617-7221 File: LUX News Release (Mar 31 2014).pdf NEWLOX GOLD VENTURES CORP. Business Acquisition of a Latin America Based Precious Metals Trading & Production Company and Inter-listing on The Frankfurt Stock Exchange. Vancouver, BC, March 31, 2014 � Newlox Gold Ventures Corp. ("Newlox" or the "Company") (CSE: LUX, FWB: NGO) is pleased to announce it has entered into an agreement to acquire all the shares of Oro Roca S.A. ("Oro Roca") a Costa Rica based precious metals Trading & Production Company specializing in Gold, Silver & Platinum. Oro Roca S.A. has extensive contacts throughout Latin America providing Newlox with access to significant stockpiles of, previously inefficiently processed, tailings material, which presents an opportunity to implement revenue generating environmental reclamation programs. Such programs are expected to provide substantial social and environmental benefits to local stakeholders while delivering operational cash flow from gold recovery. Consideration consists of 20,000,000 shares as determined by the independent Members of the board supported by a valuation by RWE Growth Partners Inc., an independent chartered business valuation firm. The acquisition will constitute a significant acquisition and require a Business Acquisition Report and financial statement filing within 120 days from the effective date of the acquisition expected to be April 2, 2014. The Company is working with Oro Roca personnel in developing precious metals related business opportunities, in collaboration with the Norman B. Keevil Institute of Mining Engineering at the University of British Columbia and Professor Marcello Veiga, P.Eng. , PhD., Senior Technical Advisor. With the help of Professor Veiga's team at the University of British Columbia, Newlox is fielding an environmental reclamation program to remove contamination left by historical mining operations while liberating residual precious metals. Extensive analysis is ongoing at the University of British Columbia. Initial bulk sampling is currently underway at Oro Roca's first stockpile and concentrate production has commenced. Heavy metal contamination due to historical and artisanal mining practices is a major concern in Latin America and the Company is implementing a reclamation program to remove contamination and generate meaningful cash flow. A number of technologies are currently under review with an emphasis on robust, low CAPEX processing approaches. Donald Gordon, CEO of Newlox Gold Ventures Corp., stated: "We're very pleased to formalize our relationship with Oro Roca which complements our research at UBC with immediate access to highly prospective tailings stockpiles and an experienced operational team in country." Newlox Gold Ventures Corp's common shares are now interlisted for trading on the Frankfurt Stock Exchange, under the symbol NGO. The Frankfurt Stock Exchange is the world's third-largest (behind only the Nasdaq Stock Market and the New York Stock Exchange) organized exchange-trading market in terms of turnover and dealings in securities. The board of the Company believe the Frankfurt listing marks a further step in Newlox's commitment to its shareholders to enhance the liquidity of the company's common shares and is one of many initiatives planned to further increase market awareness for the company. Frankfurt focused investors have an 500 � 900 West Hastings St., Vancouver, BC V6C 1E5 Telephone: 778-998-0867 established interest and expertise in resource sector companies. As well as being a major global financial centre, Frankfurt has the benefit of being located in the Eurozone providing European investors with streamlined access to trade in Newlox. Newlox Gold Ventures Corp. is an environmental reclamation, gold processing, and trading company pursuing precious metal related business opportunities in Latin America with an initial focus on Nicaragua, Ecuador and Costa Rica. See: www.newloxgold.com Contact us: info@newloxgold.com ON BEHALF OF THE BOARD "Donald Gordon" President 500 � 900 West Hastings St., Vancouver, BC V6C 1E5 Telephone: 778-998-0867

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