AJN Closes $630,000 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 21/03/25
AJN Resources Inc. Closes $630,000 Tranche of Private Placement
Financing With a Lead Order by Palisades Goldcorp Ltd.
Vancouver, BC, March 21, 2025: AJN Resources Inc. (CSE: AJN) (Frankfurt: 5AT) (AJN or the Company)
is pleased to announce that further to the Company’s March 14, 2025 news release, the Company
has closed the first 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 total gross proceeds of $630,000 via the issuance
of a total of 5,249,998 Units. The Company received a lead order from Palisades Goldcorp Ltd. 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 the private placement, and any Warrant Shares to be issued on the
exercise of Warrants are restricted from trading until July 22, 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.
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
Cau3onary Note Regarding Forward-Looking Statements
AJN News Release
21/03/25
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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.