Red Canyon Closes Private Placement
Suite 1210 – 1130 West Pender Street
Vancouver, British Columbia, V6E 4A4 Canada
T +1 (604) 681-9100
Red Canyon Closes Private Placement
Vancouver, British Columbia, May 2, 2025: Red Canyon Resources Ltd. (“Red Canyon” or the
“Company”) (CSE: R EDC | OTCQB: REDRF) is pleased to announce that further to its news
release of April 7, 2025, it has closed the last tranche of the previously announced non-brokered
private placement for aggregate gross proceeds of $ 1,640,440 through the issuance of
10,252,750 units of the Company (the “Units”) at a price of $0. 16 per Unit (the “Offering”). Each
Unit consists of one common share and one -half of a share purchase warrant, with each whole
warrant exercisable into one further common share at a price of $0.24 for a term of 24 months.
An initial tranche of 9,377,750 Units for gross proceeds of $1,500,440 closed on April 7, 2025 as
previously announced. The final tranche of 875,000 Units for gross proceeds of $140,000 closed
on May 2, 2025 and the securities are restricted from trading until September 3, 2025. No
commissions were paid in connection with the final tranche.
The proceeds from the Offering will be used for exploration activities at the Company’s western
United States and British Columbia projects and for general working capital.
About Red Canyon Resources
Red Canyon Resources Ltd. (CSE: REDC | OTCQB: REDRF) is a geoscience-driven, discovery-
focused mineral exploration company focused on exploring North America’s top copper
jurisdictions. The Company’s core goal is to make impactful copper discoveries to benefit all
stakeholders. Red Canyon has a portfolio of 100% owned copper and copper -gold porphyry
exploration projects. The Company’s technical team consists of experienced geoscientists with
diverse capital market, small cap and major mining company backgrounds, and a track record of
success.
For more information, please visit the Company's website at www.redcanyonresources.com.
Red Canyon is part of the NewQuest Capital Group which is a discovery-driven investment group
that builds value through the incubation and financing of mineral projects and companies. Further
information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
On Behalf of the Board of Directors
Wendell Zerb, P. Geol
Chairman and Chief Executive Officer
+1 (604) 681-9100
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy
of this press release.
2
Forward-Looking Statements:
This news release includes certain forward -looking statements and forward -looking information
(collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation.
All statements, other than statements of historical fact, included herein including, without limitation,
statements regarding future capital expenditures, exploration activities and the specifications, targets,
results, analyses, interpretations, benefits, costs and timing of them, and the anticipated busi ness plans
and timing of future activities of the Company, are forward -looking statements. Although the Company
believes that such statements are reasonable, it can give no assurance that such expectations will prove
to be correct. Often, but not always, f orward looking information can be identified by words such as “pro
forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates”, “believes”, “potential” or variations of such words including negativ e variations thereof, and
phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken
or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company to differ materially from
any future results, performance or achievements expressed or implied by the forward -looking statements.
Such risks and other factors include, among others, risks r elated to the anticipated business plans and
timing of future activities of the Company, including the Company’s exploration plans and the proposed
expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund
its business activities and plans, the ability of the Company to obtain the required permits, changes in laws,
regulations and policies affecting mining operations, the Company’s limited operating history, currency
fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed
under the heading “Risk Factors” in the Company’s prospectus dated October 12, 2023 and other filings of
the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s
profile on the SEDAR website at www.sedar.com.
Readers are cautioned not to place undue reliance on forward -looking statements. The Company
undertakes no obligation to update any of the forward-looking statements, except as otherwise required by
law.