(TheNewswire)
Vancouver, British Columbia – April 15th, 2025 – TheNewswire – NEWLOX GOLD VENTUIRES CORP. (“Newlox” or the “Company”) is pleased to announcethe restart of trading of its common shares on the Canadian SecuritiesExchange as of April 16, 2025. The Company also announces that it hasissued 15,144,293 Common Shares of the Company to various debentureholders per the contractual terms of convertible debentures issued inDecember of 2020 resulting in the removal of $2,271,646.99 of debtfrom the Company’s balance sheet.
The significant reduction in outstanding debt will result in adecrease in interest costs for the Company of nearly $211,000 peryear. The matured debentures dated December 18, 2020 and December 31,2020 were issued with a set conversion price of $0.15 per share and aninterest rate of 10% per annum. The debentures were set to beconvertible at the option of the holder at any time during the term ofthe…
