Business
Renegade Gold Closes $4.36 Million Non Flow-Through and $300,000 Flow-Through Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 24, 2025) - Renegade Gold Inc. (TSXV: R...
About this update from Renegade Gold Inc.
[{"type":"text","content":"Renegade Gold Closes $4.36 Million Non Flow-Through and $300,000 Flow-Through Private PlacementVancouver, British Columbia--(Newsfile Corp. - December 24, 2025) - Renegade Gold Inc. (TSXV: RAGE) (OTCQB: TGLDF) (FSE: 0700) (\"Renegade\" or the \"Company\") is pleased to announce that it has closed a non-brokered private placement (the \"Placement\") for aggregate gross proceeds of $4,664,270, consisting of non flow-through units (\"NFT Units\") at $0.23 per NFT Unit for gross proceeds of $4,364,270 and flow-through units (\"FT Units\") at a price of $0.23 per FT Unit for gross proceeds of $300,000. Each NFT Unit consists 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 three years from the date of issue at a price of $0.30 per Share. Each FT Unit consists 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 three years from the date of issue at a price of $0.30 per Share. The Company will use the proceeds from the sale of the NFT Units to extinguish debt, for exploration expenditures and for general working capital. The Company will 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 issued an aggregate of 1,212,756 non-transferable share purchase warrants (the \"Finders Warrants\") in payment of finders' fees under the Placement. Each Finders Warrant is exercisable into one Share for a period of two years from the date of issue at a price of $0.30 per Share.All securities issued under the Placement are subject to applicable regulatory holds expiring on April 24, 2026. Additionally, the Shares underlying the NFT Units and FT Units (but excluding the Shares underlying the NFT Warrants and FT Warrants) are subject to a 12-month contractual hold period expiring December 23, 2026. 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 A...