Red Canyon Announces Non-Brokered Private Placements for Gross Proceeds of up to C$3,500,000

Core Viewpoint - Red Canyon Resources Ltd. is planning to raise up to $3,500,000 through two concurrent non-brokered private placements to support its exploration and advancement of copper and copper/gold projects in British Columbia and the Western United States [1][3]. Group 1: Private Placement Details - The first offering, known as the LIFE Offering, aims to raise up to $2,000,000 by selling up to 10,000,000 common shares at a price of $0.20 per share, with immediate tradeability upon issuance [1][4]. - The second offering, referred to as the Concurrent Offering, seeks to raise up to $1,500,000 through the sale of up to 7,500,000 units at a price of $0.20 per unit, where each unit consists of one common share and one-half of a common share purchase warrant [2][4]. Group 2: Use of Proceeds - The net proceeds from both offerings will be utilized for the exploration and advancement of the company's copper and copper/gold projects, as well as for working capital and general corporate purposes [3]. Group 3: Regulatory Compliance and Conditions - The LIFE Shares will be offered to residents in specific Canadian provinces and will be immediately tradeable under applicable Canadian securities legislation [4]. - The offerings are expected to close around March 20, 2026, subject to necessary regulatory approvals, including from the Canadian Securities Exchange [6]. Group 4: Related Party Transactions - Directors and officers of the company may participate in the offerings, which will be classified as a "related party transaction" and are expected to be exempt from certain formal valuation and minority shareholder approval requirements [7].