Business
Renegade Gold Arranges $5,000,000 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 4, 2023) - Renegade Gold Inc. (TSXV: RAGE...
About this update from Renegade Gold Inc.
[{"type":"text","content":"Renegade Gold Arranges $5,000,000 Private PlacementVancouver, British Columbia--(Newsfile Corp. - August 4, 2023) - Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDD) (FSE: 070) (\"Renegade\" or the \"Company\") announces that it has arranged a private placement of up to 9,433,963 units (the \"Units\") at $0.53 per Unit for total gross proceeds of up to $5,000,000 (the \"Placement\"). Each Unit will consist of one common share and one non-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 $0.75 per share. If at any time following the expiry of the hold period, the closing price of the Company's shares on the TSX Venture Exchange is greater than C$1.25 for seven (7) or more consecutive trading days, the Company may give notice to the holders of Warrants that the Warrants will expire on the 30th business day following the date of such notice.All securities issued under the Placement will be subject to a hold period expiring four months and one day from the date of issue. The Company anticipates closing of the Placement (in one or more tranches) as soon as practicable subject to receipt of all necessary regulatory approvals.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 ownership in Red Lake to over 89,...