AJN Resources Inc. Closes $3,000,000 Private Placement

Executive Summary

• AJN Resources closed a non‑brokered private placement of 30,000,000 Units at $0.10 per Unit, generating $3 million in gross proceeds.
• Each Unit consists of one common share and one warrant to purchase an additional share at $0.15 for two years; the securities are restricted from trading until 20 March 2026.
• Net proceeds will be used for due‑diligence on potential property acquisitions, exploration activities, and general working capital.

Key Details

• Placement Size: 30,000,000 Units → $3,000,000 gross proceeds at $0.10 per Unit.
• Unit Composition: 1 common share + 1 share purchase warrant (exercise price $0.15 per share, exercisable for two years).
• Trading Restrictions: All issued securities and any future warrant‑shares are restricted from trading until 20 Mar 2026.
• Use of Proceeds:
• Due diligence for possible property acquisitions.
• Exploration of existing properties.
• Working capital needs.
• Compensation: No bonus, finder's fee, commission, agent’s option, or other compensation paid in connection with the placement.
• Ownership Impact: New shareholder now holds >20 % of AJN’s common shares but does not change control of the company.
• Closing Reference: This closing follows a prior announcement on 11 Nov 2025.

Notable Quotes

(No direct quotes were provided in the release.)