AJN Resources Inc. Reprices Private Placement Unit Offering

Executive Summary

• AJN Resources Inc. announced a re‑pricing of its private placement unit offering to $0.15 per unit and an increase in the total units to be offered to 3,500,000, targeting gross proceeds of up to $525,000.
• Each unit will consist of one common share plus one warrant (exercise price $0.25 per share, two‑year term). Units are subject to a four‑month hold period.
• Proceeds are earmarked for due diligence on the Giro Goldfields acquisition, negotiation and closing of a purchase agreement, and exploration activities on the Giro Gold Project.

Key Details

• Re‑priced unit price: $0.15 per unit (down from prior pricing).
• Units offered: 3,500,000 units (up from previous amount).
• Gross proceeds target: up to $525,000.
• Unit composition: 1 common share + 1 share purchase warrant.
• Warrant terms: Right to purchase one additional common share at $0.25 per share; exercisable for two years from issuance.
• Hold period: Four months in accordance with applicable securities laws.
• Use of proceeds:
• Technical, legal and financial due diligence on Giro Goldfields and the Giro Gold Project.
• Negotiation, preparation and closing of a purchase agreement related to the acquisition.
• Mineral exploration activities on the Giro Gold Project.

Notable Quotes

(No direct quotes were provided in the release.)