Renegade Gold Announces $4 Million Non Flow-Through and $300,000 Flow-Through Private Placement

Executive Summary

• Renegade Gold Inc. announces a non‑brokered private placement to raise up to $4.3 million in gross proceeds.
• The offering consists of non‑flow‑through units (NFT Units) at $0.23 each for up to $4 M and flow‑through units (FT Units) at $0.23 each for up to $300 k.
• Proceeds will be used to extinguish debt, fund exploration activities, and provide general working capital; FT proceeds are earmarked for Canadian flow‑through mining expenditures in Ontario.

Key Details

• Placement Structure
• NFT Units: 1 common share + 1 transferable share purchase warrant (exercisable at $0.30 per share for 2 years).
• FT Units: 1 flow‑through share + ½ transferable warrant (exercisable at $0.30 per share for 2 years).
• Pricing & Size
• Unit price: $0.23 per NFT or FT unit.
• Target gross proceeds: $4,300,000 total
  • Up to $4,000,000 from NFT Units.
  • Up to $300,000 from FT Units.
• Warrant Terms
• All warrants expire 2 years after issuance unless an “Acceleration Event” occurs (TSXV price ≥ $0.50 for ten consecutive trading days).
• Upon Acceleration Event, warrants may be terminated at the Company’s discretion, no later than 30 calendar days after notice.
• Regulatory Holds
• All securities subject to regulatory holds expiring four months and one day from issue date.
• Use of Proceeds
• NFT Units: Debt repayment, exploration expenditures, general working capital.
• FT Units: Canadian flow‑through mining expenses related to Ontario projects (eligible for tax deductions).
• Finder’s Fees
• Company may pay cash and/or non‑transferable warrants as finder’s fees, subject to TSXV policies and securities law compliance.
• Closing Timeline
• Anticipated closing in one or more tranches “as soon as practicable” pending regulatory approvals, including TSXV approval.

Notable Quotes

(No direct quotes were provided in the release.)