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Posted by
Two Blokes Apr 15 -
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Stock
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Vancouver, British Columbia – April 15th, 2025 – TheNewswire - NEWLOX GOLD VENTUIRES CORP. (“Newlox” or the “Company”) is pleased to announce the restart of trading of its common shares on the Canadian Securities Exchange as of April 16, 2025. The Company also announces that it has issued 15,144,293 Common Shares of the Company to various debenture holders per the contractual terms of convertible debentures issued in December of 2020 resulting in the removal of $2,271,646.99 of debt from the Company's balance sheet. The significant reduction in outstanding debt will result in a decrease in interest costs for the Company of nearly $211,000 per year. The matured debentures dated December 18, 2020 and December 31, 2020 were issued with a set conversion price of $0.15 per share and an interest rate of 10% per annum. The debentures were set to be convertible at the option of the holder at any time during the term of the debenture until the day before maturity, at which time principal and accrued interest were payable in cash or shares, at the conversion price, at the option of the Company.
