Financings
AJN Resources Inc. Closes Private Placement

DRC · Price
Executive Summary
- AJN Resources Inc. closed a non‑brokered private placement of 3,666,833 units at $0.15 per unit, generating gross proceeds of $550,025.
- Each unit consists of one common share and one warrant (exercise price $0.25, two‑year term); warrants and any exercised shares are restricted from trading until May 22 2026.
- Effective January 26 2026, the company will change its name to DRC Gold Corp. and begin trading under the ticker “DRC” on the Canadian Securities Exchange (CSE).
Key Details
- Private Placement Structure
- Units offered: 3,666,833
- Price per unit: $0.15
- Gross proceeds: $550,025
- Composition of each Unit: 1 common share + 1 share purchase warrant
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Warrant terms: Right to purchase one additional common share at $0.25 per share, exercisable for two years.
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Restrictions
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Units and any shares issued upon warrant exercise are restricted from trading until May 22 2026.
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Use of Proceeds
- Technical, legal, and financial due diligence on Giro Goldfields SARL and the Giro Gold Project.
- Negotiation, preparation, and closing of a formal agreement related to the project.
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Mineral exploration activities on the Giro Gold Project.
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Name Change Details
- Former name: AJN Resources Inc.
- New name (effective Jan 26 2026): DRC Gold Corp.
- New CSE ticker: DRC
- New CUSIP: 23347H106; new ISIN: CA23347H1064.
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Share capital unchanged; no action required from existing shareholders; share certificates remain valid.
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Corporate Communications
- Investor Relations contact: Sheena Eckhof ([email protected]).
- CEO/President sign‑off: Klaus Eckhof ([email protected]).
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May 21, 2026 · 19:24