Renegade Gold Announces Final Tranche Closing of Non-Brokered Private Placement
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Renegade Gold Announces Final Tranche Closing of
Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC, January 18, 2024 – Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDF,
FSE: 070) (“Renegade” or the “Company”) announces that it has closed the second and final tranche of
its previously announced private placement (the “ Placement”) through the issuance of 1,875,000 units at
an issue price of $0.32 per unit for gross proceeds of $600,000 (the “Second Tranche”). Each unit consists
of one common share of the Company (a “ Share”) and one transferable share purchase warrant, each
warrant exercisable to acquire one additional Share for a period of two years from the date of issue at a
price of $0.45 per Share.
Together with the first tranche of the Placement (which was completed on December 18, 2023), an
aggregate of 4,658,750 units were issued for aggregate gross proceeds of $1,490,800.
All securities issued under the Placement will be subject to a hold period expiring four months and one day
from the date of issue.
The Company will use the net proceed s of the Placement to extinguish debt, for exploration work on the
Company’s exploration properties and for general working capital.
A director of the Company acquired 312,500 Units un der the Second Tranche for a total purchase price of
$100,000. Accordingly, the Private Placement is to that extent a “related party transaction” as defined under
Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-
101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements
of MI 61-101 as neither the fair market value of any secu rities issued to, or the consideration paid by such
person, will exceed 25% of the Company's market capitalization.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in
the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “U.S. Se curities Act”) or any state securities laws and may
not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
About Renegade Gold Inc.
Renegade Gold Inc. is a growth focused company e ngaged in the business of acquisition, exploration and
development of mineral properties located in the Red Lake Mining District of Northern Ontario. As part of
its regional-scale consolidation strategy, the Compan y has assembled one of the largest prospective land
packages in and around the Red Lake mining district in proximity to major mines and deposits, as well as
along the Confederation Lake and Birch-Uchi greenst one belts. The recent completion of the acquisition
of Pacton Gold Inc. extends Trillium’s ownership in Red Lake to over 89,600 hect ares of prospective and
diversified exploration properties with significant potential for gold and critical minerals on trend with the
major structures hosting known gold occurrences in the Red Lake mining district today. A portfolio of
prospective projects in Western Australia has also been acquired.
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For further information, please contact:
Renegade Gold Inc.
Nav Dhaliwal
President, CEO and Director
Tel: 604-678-5308
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note regarding Forward-Looking Statements
Statements contained in this press release that are not historical facts are “forward-looking information” or “forward-
looking statements” (collectively, “Forward-Looking Info rmation”) within the meaning of applicable Canadian
securities legislation and the United States Private Secu rities Litigation Reform Act of 1995. Forward-Looking
Information includes, but is not lim ited to, the use of proceeds from the Placement. The words “anticipate,”
“significant,” “expect,” “may,” “will” and similar expressions are intended to be among the statements that identify
Forward-Looking Information. Forward-Looking Information is subject to known and unknown risks, uncertainties
and other factors that may cause actual results to differ materially from those implied by the forward-looking
information. In preparing the Forward-Looking Information in this news release, the Company has applied several
material assumptions, including, but not limited to, assump tions that general business and economic conditions will
not change in a materially adverse manner; that all requis ite approvals will be received and all requisite information
will be available in a timely manner. F actors that may cause actual results to vary materially include, but are not
limited to, inaccurate assumptions concerning the explora tion for and development of mineral deposits, currency
fluctuations, unanticipated operational or technical difficulties, risks related to unforeseen delays; general economic,
market or business conditions, regulatory changes; timeliness of regulatory approvals, the risks of obtaining necessary
licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability
to raise additional financing. Readers are cautioned not to place undue reliance on this Forward-Looking Information.
The Company does not assume the obligation to revise or u pdate this Forward-Looking Information after the date of
this release or to revise such information to reflect the oc currence of future unanticipated events, except as may be
required under applicable securities laws.