Newton Energy Corporation announced a non-brokered private placement consisting of a minimum of 10,000,000 common shares and up to a maximum of 33,333,333 common shares at a price of CAD 0.015 per common share for minimum gross proceeds of CAD 150,000 and maximum gross proceeds of CAD 500,000. The securities issued are subject to hold period of four months from the date of the closing of the transaction. The transaction is subject to regulatory approval including the approval of the NEX board of the TSX Venture Exchange Inc.