Renegade Gold Closes $1,070,310 Private Placement of Flow- Through Shares
Renegade Gold Closes $1,070,310 Private Placement of Flow-
Through Shares
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC, December 20, 2024 – Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDF,
FSE: 070) (“ Renegade” or the “ Company”) announces that it has completed a non-brokered private
placement of flow-through common shares (“ FT Shares ”) at a price of $0.18 per FT Share for gross
proceeds of $1,070,310 (the “Placement”).
The Company will use the gross procee ds from the sale of the FT Shar es to incur “Canadian exploration
expenses” that are “flow-through mining expe nditures” (as such terms are defined in the Income Tax Act
(Canada)) related to the Company’s projects in Ontario.
In consideration for arranging the Placement, the Company paid finder’s fees comprised of cash payments
totaling $77,921.64 and issued an aggregate of 432, 898 non-transferable share purchase warrants (the
“Finder’s Warrants”) in connection with the Placement to elig ible finders. Each Finder’s Warrant is
exercisable to acquire one common share for a period of two years from the date of issue at a price of $0.18
per share.
All securities issued and made issuable under the Placement are subject to a hold period expiring April 20,
2025.
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 89,600 hectares prospective and
diversified exploration portfolio has significant poten tial for gold and critical minerals on trend with the
major structures hosting known gold occurrences in the Red Lake mining district today.
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 limited to, the intended 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 requisite 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.