NewRange Gold Corp. (TSXV:NRG) announced a non-brokered private placement of 9,411,765 units at CAD 0.085 per unit for gross proceeds of CAD 800,000 on January 23, 2017. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire additional common share at CAD 0.12 per share for a period of two years. The warrants may be accelerated under certain terms if the 20 day volume weighted average is equal to or higher than CAD 0.20. The securities issued are subject to four months hold period. The transaction is subject to TSX Venture Exchange approval. There are no finder’s fees or commissions payable in respect to this transaction.