Renegade Gold Announces Private Placement Extension
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Renegade Gold Announces Private Placement Extension
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC, December 5, 2023 – Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDD,
FSE: 070) (“Renegade” or the “Company”) announces that it has received a 30-day extension
from the TSX Venture Exchange to complete the private placement (the “Placement”) previously
announced on September 25, 2023, of up to 9,375,000 units (the “ Units”) at $0.32 per Unit for
total gross proceeds of up to $3 million. Each Unit will consist of one common share and one
transferable share purchase warrant, each warrant exercisable to acquire one additional common
share for a period of two years from date of issue at a price of $0.45 per share.
The Company intends to use the net proceeds of the Placement to extinguish debt, for exploration
work on the Company’s exploration properties and for general working capital. Finders’ fees may
be payable on the Placement pursuant to the policies of the TSX Venture Exchange.
The Company anticipates closing of the Placement (in one or more tranches) as soon as
practicable subject to receipt of all necessary regulatory approvals.
This news release does not constitute an offer to sell or solicitation of an offer to sell any
securities in the United States. The secur ities have not been and will not be registered
under the United States Securities Act of 1 933, as amended (the “U.S. Securities 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. Secur ities 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 engaged 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 Company 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 greenstone belts. The recent completion of the acquisition of Pacton Gold Inc. extends
Trillium’s ownership in Red Lake to over 89,600 hectares 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 Information”) within the meaning of applicable
Canadian securities legislation and the United States Private Securiti es Litigation Reform Act of 1995.
Forward-Looking Information includes, but is not limited to, the antici pated timing for completion of the
Placement and use of proceeds therefrom. The words “anticipate,” “significant,” “expect,” “may,” “will” and
similar expressions are intended to be among the stat ements that identify Forwar d-Looking Information.
Forward-Looking Information is subject to known and unk nown risks, uncertainties and other factors that
may cause actual results to differ materially from t hose 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, assumptions that general business and economic conditions will
not change in a materially adverse manner; that all requisite approvals will be received and all requisite
information will be available in a time ly manner. Factors that may cause actual results to vary materially
include, but are not limited to, inaccurate assumpti ons concerning the exploration for and development of
mineral deposits, currency fluctuations , unanticipated operational or technica l difficulties, risks related to
unforeseen delays; general economic, market or busine ss 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 update this Forward-Looking Information after the date of this release or to revise
such information to reflect the occurrence of future unanticipated events, except as may be required under
applicable securities laws.