Business
AJN Resources Closes Final Tranche of Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - AJN Resources Inc. (CSE: AJN) (FSE: 5AT) (AJN or the Company) is pleased to announce that furth
About this update from Drc Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 31, 2025) - AJN Resources Inc. (CSE: AJN) (FSE: 5AT) (AJN or the Company) is pleased to announce that further to the Company's March 21, 2025 news release, the Company has closed the final tranche of a non-brokered private placement of units (each, a Unit) in the capital of the Company at a price of $0.12 per Unit to raise additional gross proceeds of $124,000 via the issuance of a total of 1,033,333 Units. Each Unit is comprised of one common share and one share purchase warrant (Warrant), where each Warrant entitles the holder to purchase one additional common share (Warrant Share) at an exercise price of $0.15 per Warrant Share for a four year period. The securities issued pursuant to this tranche of the private placement, and any Warrant Shares to be issued on the exercise of Warrants are restricted from trading until July 29, 2025. The net proceeds of the private placement will be used for due diligence in connection with possible property acquisitions, property acquisitions, exploration on the Company's properties and for working capital purposes. The issuance of the Units did not result in a change of control or materially affect control of the Company. AJN also announces that with respect to the Dabel Gold Project, it is still in the due diligence phase and that upon completion of satisfactory due diligence and, if applicable, the incorporation of a new Kenyan subsidiary to hold the Dabel Gold Project, AJN intends to make the next property payment. About AJN Resources Inc. AJN is a junior exploration company. AJN's management and directors possess over 75 years of collective industry experience and have been very successful in the areas of exploration, financing and developing major mines throughout the world, with a focus on Africa, especially the Democratic Republic of the Congo. For further information, please contact Investor Relations:Sheena EckhofDirector, Investor Relations [email protected] us at www.ajnresources.com Tel: +44 7496 291547 On Behalf of the Board of Directors Klaus EckhofCEO and President [email protected] Cautionary Note Regarding Forward-Looking Statements The information in this news release may include certain information and statements about management's view of future events, expectations, plans and prospects that may con...