Renegade Gold Announces Arrangement of Debt Settlement and Engagement of Resource Stock Digest

Executive Summary

• Renegade Gold Inc. will settle $252,500 of debt by issuing 647,436 common shares at a deemed price of $0.39 per share, subject to TSX Venture Exchange approval and a four‑month‑plus hold period.
• The company entered into a twelve‑month Service Agreement with Resource Stock Digest (RSD) for web page creation, interview facilitation, and news distribution, payable US$8,500 upfront plus US$2,450 monthly from general working capital.
• Both transactions require TSX Venture Exchange approval; the service agreement includes RSD’s compliance with applicable securities laws and exchange policies.

Key Details

• Debt Settlement:
• Amount: $252,500 (USD) of debt to both arm's‑length and non‑arm's‑length parties.
• Consideration: Issuance of 647,436 Renegade Gold common shares.
• Deemed price per share: $0.39.

• Hold period: Shares subject to a lock‑up expiring four months and one day after issuance.

• Service Agreement with RSD:

• Scope: Development of a company‑specific webpage on RSD’s site, management interviews, and distribution of news/interviews to RSD’s subscriber list.
• Term: 12 months.
• Fees: One‑time initiation fee of US$8,500; thereafter US$2,450 per month.
• Payment source: General working capital of Renegade Gold.
• Parties: Resource Stock Digest (owned by Nicholas Hodge and Gerardo Del Real), based in Texas, USA.

• Arm’s‑length status confirmed; RSD has no present interest in Renegade Gold or its securities.

• Regulatory Conditions:

• Both the debt settlement share issuance and the Service Agreement are subject to approval by the TSX Venture Exchange.
• RSD agreed to comply with all applicable securities laws and TSX Venture Exchange policies while providing services.

Notable Quotes

(No direct quotes were provided in the release.)