Renegade Gold Announces Closing of Debt Settlement

Executive Summary

• Renegade Gold Inc. received final acceptance from the TSX Venture Exchange to settle $175,000 of outstanding debt by issuing 448,714 common shares at $0.39 per share.
• Directors and officers purchased 314,099 of those shares for $122,500 (70% of the issuance), qualifying as related‑party transactions exempt from certain valuation approvals.
• All issued shares are subject to a hold period and cannot be traded until July 13 2026, except as permitted by securities law and TSX Venture Exchange rules.

Key Details

• Debt Amount Settled: $175,000 owed to creditors.
• Shares Issued for Settlement: 448,714 common shares at $0.39 per share.
• Total Gross Consideration from Share Issuance: $175,000 (based on share price).
• Director/Officer Participation: 314,099 shares purchased for $122,500, representing 70% of the total shares issued in the settlement.
• Related‑Party Transaction Status: Exempt from formal valuation and minority shareholder approval under MI 61‑101 because neither the fair market value nor consideration exceeds 25 % of Renegade’s market capitalization.
• Hold Period: Shares may not be traded until July 13 2026, unless otherwise permitted by applicable securities legislation and TSX Venture Exchange policies.

Notable Quotes

(No quotes were provided in the release.)