Business
Renegade Gold Arranges $3,000,000 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2023) - Renegade Gold Inc. (TSXV: ...
About this update from Renegade Gold Inc.
[{"type":"text","content":"Renegade Gold Arranges $3,000,000 Private PlacementVancouver, British Columbia--(Newsfile Corp. - September 25, 2023) - Renegade Gold Inc. (TSXV: RAGE) (FSE: 070) (\"Renegade\" or the \"Company\") announces that it has arranged a private placement of up to 9,375,000 units (the \"Units\") at $0.32 per Unit for total gross proceeds of up to $3 million (the \"Placement\"). Each Unit will consist of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share for a period of two years from date of issue at a price of $0.45 per share. All securities issued under the Placement will be subject to a hold period expiring four months and one day from the date of issue. Finders' fees may be payable on all or part of the Placement pursuant to the policies of the TSX Venture Exchange.The Company intends to use the net proceeds of the Placement to extinguish debt, for exploration work on the Company's exploration properties and for general working capital.The Company anticipates closing of the Placement (in one or more tranches) as soon as practicable subject to receipt of all necessary regulatory approvals.The Company also advises that the private placement announced on August 4, 2023, has been cancelled.This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Renegade Gold Inc.Renegade Gold Inc. is a growth focused company engaged in the business of acquisition, exploration and development of mineral properties located in the Red Lake Mining District of Northern Ontario. As part of its regional-scale consolidation strategy, the Company has assembled one of the largest prospective land packages in and around the Red Lake mining district in proximity to major mines and deposits, as well as along the Confederation Lake and Birch-Uchi greenstone belts. The recent completion of the acquisition of Pacton Gold Inc. extends Trillium's o...