AJN Closes $124,000 Final Private Placement Tranche
AJN Resources Inc.
+44 7496 291 547
CSE: AJN, Frankfurt: 5AT
Suite 1400 - 1199 West Hastings St,
Vancouver BC V6E 3T5
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ajnresources.com
CSE: NEWS RELEASE 31/03/25
AJN Resources Inc. Closes Final Tranche of Private Placement Financing
Vancouver, BC, March 31, 2025: AJN Resources Inc. (CSE: AJN) (Frankfurt: 5AT) (AJN or the Company)
is pleased to announce that further to the Company’s March 21, 2025 news release, the Company
has closed the final tranche of a non-brokered private placement of units (each, a Unit) in the capital
of the Company at a price of $0.12 per Unit to raise additional gross proceeds of $124,000 via the
issuance of a total of 1,033,333 Units. Each Unit is comprised of one common share and one share
purchase warrant (Warrant), where each Warrant entitles the holder to purchase one additional
common share (Warrant Share) at an exercise price of $0.15 per Warrant Share for a four year period.
The securities issued pursuant to this tranche of the private placement, and any Warrant Shares to
be issued on the exercise of Warrants are restricted from trading until July 29, 2025. The net proceeds
of the private placement will be used for due diligence in connection with possible property
acquisitions, property acquisitions, exploration on the Company’s properties and for working capital
purposes.
The issuance of the Units did not result in a change of control or materially affect control of the
Company.
AJN also announces that with respect to the Dabel Gold Project, it is still in the due diligence phase
and that upon completion of satisfactory due diligence and, if applicable, the incorporation of a new
Kenyan subsidiary to hold the Dabel Gold Project, AJN intends to make the next property payment.
About AJN Resources Inc.
AJN is a junior exploration company. AJN’s management and directors possess over 75 years of
collective industry experience and have been very successful in the areas of exploration, financing
and developing major mines throughout the world, with a focus on Africa, especially the Democratic
Republic of the Congo.
For further information, please contact Investor Relations:
Sheena Eckhof
Director, Investor Relations
Visit us at www.ajnresources.com
Te l : + 4 4 7 4 9 6 2 9 1 5 4 7
On Behalf of the Board of Directors
Klaus Eckhof
CEO and President
AJN News Release
31/03/25
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Cau3onary Note Regarding Forward-Looking Statements
The information in this news release may include certain information and statements about
management’s view of future events, expectations, plans and prospects that may constitute forward-
looking statements. Forward-looking statements are based upon assumptions that are subject to
significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety
of factors, the actual results, expectations, achievements or performance may differ materially from
those anticipated and indicated by these forward-looking statements. Although AJN Resources Inc.
believes that the expectations reflected in forward-looking statements are reasonable, it can give no
assurances that the expectations of any forward-looking statements will prove to be correct. Except
as required by law, AJN Resources Inc. disclaims any intention and assumes no obligation to update
or revise any forward-looking statements to reflect actual results, whether as a result of new
information, future events, changes in assumptions, changes in factors affecting such forward -
looking statements or otherwise.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Not for distribution to United States newswire services or for dissemination in the United States.