Renegade Gold (TSE:RAGE) has released an update.
Renegade Gold Inc. has successfully completed a private placement, raising $3 million through the sale of flow-through shares and units. The proceeds will finance Canadian exploration expenses and general corporate activities, with part of the placement being purchased by company insiders, constituting a related party transaction exempt from certain regulatory requirements. The deal also included finder’s fees and the issuance of additional share purchase warrants to eligible finders.
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