Renegade Gold Expands Red Lake Land Package to 94,000 ha with Acquisition of BobJo and Keystone Properties; Announces Share Consolidation

Core Viewpoint - Renegade Gold Inc. has expanded its land package in the Red Lake Mining District to approximately 94,000 hectares through the acquisition of the BobJo and Keystone properties, while also announcing a share consolidation plan [1][19]. Group 1: Property Acquisitions - The BobJo Property consists of 65 hectares covering nine patented claims and will be integrated into the Confederation Project [1][5]. - The Keystone Property encompasses 4,320 hectares of 212 unpatented single-cell claims, strategically linking existing properties and enhancing the company's land position [1][9]. - The addition of these properties positions Renegade as one of the largest landholders in the Red Lake Mining District, which is known for its rich mineralization [1][19]. Group 2: Strategic Importance - The Keystone Property serves as a critical corridor connecting the Red Lake land with the Confederation Belt, enhancing exploration potential along favorable geological structures [3][10]. - The BobJo Property has historical high-grade gold mineralization, which is expected to contribute positively to the exploration pipeline [4][6]. - The surrounding area has a proven history of production, including significant outputs from the South Bay and Grasset mines, indicating the potential for high-grade mineralization in the newly acquired properties [6][13]. Group 3: Financial Terms - Under the BobJo Agreement, the company will issue 750,000 post-consolidation common shares upon TSXV approval [11]. - The Keystone Agreement allows the company to acquire the property by issuing a total of 3,000,000 post-consolidation common shares and paying $150,000 in cash [12][14]. - The company plans to consolidate its shares on a three-for-one basis, subject to TSXV approval, which aims to enhance shareholder value [15].