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An announcement from Renegade Gold ( (TSE:RAGE) ) is now available.
Renegade Gold Inc. has closed a non-brokered private placement totaling approximately $4.66 million, comprising $4.36 million in non flow-through units and $300,000 in flow-through units, each unit including shares and warrants priced at $0.23 with warrant exercise prices set at $0.30. The proceeds will be used to reduce debt, fund exploration work, and support general working capital, with the flow-through component specifically directed toward qualifying Canadian exploration expenditures on the company’s Ontario projects; the financing also includes finder’s warrants and imposes regulatory and contractual hold periods on the new securities, bolstering Renegade’s balance sheet and funding its extensive exploration portfolio in the Red Lake district.
More about Renegade Gold
Renegade Gold Inc. is a growth-focused mineral exploration and development company active in the Red Lake Mining District of Northern Ontario. Pursuing a regional consolidation strategy, it has assembled one of the largest prospective land packages in and around Red Lake, including ground along the Confederation Lake and Birch-Uchi greenstone belts, targeting gold and critical minerals on major structural trends near established mines and deposits.
Average Trading Volume: 50,124
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$6.13M
Find detailed analytics on RAGE stock on TipRanks’ Stock Analysis page.