Renegade Gold Announces $4 Million Non Flow-Through and $300,000 Flow-Through Private Placement

Core Viewpoint - Renegade Gold Inc. is proposing a non-brokered private placement to raise up to $4,300,000 through the issuance of non flow-through units and flow-through units at a price of $0.23 per unit [1][3]. Group 1: Private Placement Details - The private placement will consist of non flow-through units (NFT Units) for gross proceeds of up to $4,000,000 and flow-through units (FT Units) for gross proceeds of up to $300,000 [1][3]. - Each NFT Unit will include one common share and one transferable share purchase warrant, while each FT Unit will consist of one flow-through share and half of one transferable share purchase warrant [2][3]. - The warrants from both units are exercisable into one share at a price of $0.30 for a period of two years from the date of issue [2]. Group 2: Use of Proceeds - Proceeds from the NFT Units will be used to extinguish debt, fund exploration expenditures, and for general working capital [3]. - The gross proceeds from the FT Units will be allocated to incur Canadian exploration expenses related to the company's projects in Ontario [3]. Group 3: Regulatory and Compliance Information - The company may pay finders' fees in cash and/or non-transferable warrants in connection with the placement, subject to TSXV policies and applicable securities laws [4]. - The placement is expected to close as soon as practicable, pending necessary regulatory approvals, including TSXV approval [4].