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Red Canyon Resources Announces Non-Brokered Private Placements for Gross Proceeds of up to C$3,500,000
Vancouver, British Columbia - TheNewswire - February 25, 2026: Red Canyon Resources Ltd. (“Red Canyon” or the “Company”) (CSE: REDC | OTCQB: REDRF | Frankfurt:
About this update from Red Canyon Resources Ltd.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - February 25, 2026: Red Canyon Resources Ltd. (“Red Canyon” or the “Company”) (CSE: REDC | OTCQB: REDRF | Frankfurt: 191) is pleased to announce that it proposes to undertake two concurrent non-brokered private placements to raise aggregate gross proceeds of up to $3,500,000. Under a private placement utilizing the Listed Issuer Financing Exemption (the “LIFE Offering”), the Company proposes to raise gross proceeds of up to $2,000,000 through the sale of up to 10,000,000 common shares (each, a “LIFE Share”) of the Company at a price of $0.20 per LIFE share. All securities issued in connection with the LIFE Offering will be immediately tradeable upon issuance. Additionally, under a concurrent private placement (the “Concurrent Offering”), the Company proposes to raise gross proceeds of up to $1,500,000 through the sale of up to 7,500,000 units (each, a “Unit”) of the Company at a price of $0.20 per Unit. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant shall entitle the holder to purchase one common share of the Company at a price of C$0.30 any time on or before that date which is 24 months after the Closing Date (as defined herein). All securities issued in connection with the Concurrent Offering will be subject to a statutory hold period of four months and one day. The Company intends to use the net proceeds from the two offerings for the exploration and advancement of the Company’s portfolio of copper and copper/gold projects in British Columbia and Western United States, as well as for working capital and general corporate purposes, as is more fully described in the Offering Document (as herein defined). Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (“NI 45-106”), the LIFE Shares will be offered for sale to purchasers resident in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “Listed Issuer Financing Exemption”). The LIFE Shares are expected t...