Business
Renegade Gold Announces $4 Million Non Flow-Through and $300,000 Flow-Through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 10, 2025) - Renegade Gold Inc. (TSXV: R...
About this update from Renegade Gold Inc.
[{"type":"text","content":"Renegade Gold Announces $4 Million Non Flow-Through and $300,000 Flow-Through Private PlacementVancouver, British Columbia--(Newsfile Corp. - November 10, 2025) - Renegade Gold Inc. (TSXV: RAGE) (OTCQB: TGLDD) (FSE: 0700) (\"Renegade\" or the \"Company\") announces that it proposes to undertake a non-brokered private placement (the \"Placement\") for aggregate gross proceeds of up to $4,300,000, consisting of non flow-through units (\"NFT Units\") at $0.23 per NFT Unit for gross proceeds of up to $4,000,000 and flow-through units (\"FT Units\") at a price of $0.23 per FT Unit for gross proceeds of up to $300,000. Each NFT Unit will consist of one common share of the Company (a \"Share\") and one transferable share purchase warrant, each warrant (a \"NFT Warrant\") exercisable into one Share for a period of two years from the date of issue at a price of $0.30 per Share. Each FT Unit will consist of one flow-through Share and one-half of one transferrable share purchase warrant, each whole warrant (a \"FT Warrant\") exercisable into one non flow-through Share for two years from the date of issue at a price of $0.30 per Share. If after all regulatory holds on the NFT Warrants and FT Warrants expire and the Shares trade on the TSX Venture Exchange (\"TSXV\") at a price of $0.50 or more for ten consecutive trading days at any time (the \"Acceleration Event\"), then the NFT Warrants and the FT Warrants will expire, subject to the Company's discretion, on the earlier of the expiry date and 4:30 p.m. (Vancouver time) on the date which is 30 calendar days after the Company provides notice to the holders of the NFT and FT Warrants that the Acceleration Event has occurred.The Company intends to use the proceeds from the sale of the NFT Units to extinguish debt, for exploration expenditures and for general working capital. The Company intends to use the gross proceeds from the sale of the FT Units to incur \"Canadian exploration expenses\" that are \"flow-through mining expenditures\" (as such terms are defined in the Income Tax Act (Canada)) related to the Company's projects in Ontario. The Company may pay finders' fees comprised of cash and/or non-transferable warrants in connection with the Placement, subject to compliance with the policies of the TSXV and applicable securities laws. The Company anticipates closing of the Placement (in o...