AJN Resources closes $550,025 private placement

Executive Summary

• AJN Resources Inc. has closed a non-brokered private placement, raising $550,025 by issuing 3,666,833 units at $0.15 per unit.
• The company is changing its name to DRC Gold Corp., with the change effective January 26, 2026, and shares will trade under the new symbol "DRC" on the Canadian Securities Exchange.
• Net proceeds will be used for due diligence on the Giro Goldfields Sarl and Giro gold project, negotiation of formal agreements, and mineral exploration activities.

Key Details

• Financing Structure: Non-brokered private placement of units.
• Price: $0.15 per unit.
• Gross Proceeds: $550,025.
• Units Issued: 3,666,833 units.
• Warrant Terms: Each unit includes one share purchase warrant. Each warrant allows the holder to purchase one additional common share at an exercise price of $0.25 per warrant share.
• Warrant Expiry: Two-year period from issuance.
• Trading Restrictions: Securities and warrant shares are restricted from trading until May 22, 2026.
• 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.
  • Mineral exploration activities on the Giro gold project.
• Name Change: AJN Resources Inc. is changing its name to DRC Gold Corp.
• Effective Date of Name Change: January 26, 2026.
• New Trading Symbol: DRC (Canadian Securities Exchange).
• New CUSIP: 23347H106.
• New ISIN: CA23347H1064.
• Share Capital: Remains unchanged; no action required by existing shareholders; existing certificates remain valid.

Notable Quotes

• No direct quotes from management were included in the provided text.