Newton Energy Corporation announced that it expects to receive CAD 0.5 million in funding from JJR Capital Holdings Inc, 2464344 Ontario Inc., 1921142 Ontario Inc, Terei International Ltd.
Newton Energy Corporation (TSXV:NTN.H) announced a private placement of up to a maximum of 3,333,333 common shares at a price of CAD 0.15 per shares or maximum gross proceeds of CAD 500,000 on June 7, 2018. The shares issued will be subject to a four month hold period from the date of the closing of the transaction. The transaction is subject to regulatory approval including the approval of NEX board of the TSX Venture Exchange.