Renegade Gold Inc. Completes Non-Brokered Private Placement
Vancouver, British Columbia–(Newsfile Corp. – December 20, 2024)
Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) (FSE: 070) announced today that it has successfully completed a non-brokered private placement of flow-through common shares (“FT Shares”) at a price of $0.18 per FT Share, resulting in gross proceeds of $1,070,310.
The Company plans to utilize the funds raised from the Placement to incur “Canadian exploration expenses” that are considered “flow-through mining expenditures” according to the definitions outlined in the Income Tax Act of Canada. These expenses will be specifically allocated towards the Company’s projects in Ontario.
This strategic move by Renegade Gold Inc. signifies its commitment to advancing its exploration activities and accelerating the development of its mining projects in Ontario. By securing additional funding through a non-brokered private placement, the Company is positioning itself for continued growth and success in the highly competitive mining industry.
Renegade Gold Inc. has established itself as a prominent player in the Canadian mining sector, with a strong track record of operational excellence and a focus on sustainable resource development. The successful completion of the private placement further strengthens the Company’s financial position and underscores its confidence in the long-term potential of its projects.
Impact on Individuals
As an individual investor, the completion of this non-brokered private placement by Renegade Gold Inc. presents an opportunity to potentially participate in the Company’s growth trajectory. By supporting the exploration and development of mining projects in Ontario, investors may benefit from potential future returns as the projects progress towards production.
Impact on the World
The completion of the private placement by Renegade Gold Inc. reflects the ongoing investment and interest in the mining sector, which plays a crucial role in driving economic growth and development worldwide. The allocation of funds towards Canadian exploration expenses aligns with efforts to expand resource exploration and sustainably utilize natural resources for the benefit of global industries and communities.
Conclusion
Renegade Gold Inc.’s completion of the non-brokered private placement marks a significant milestone in the Company’s growth and expansion efforts. With a focus on advancing exploration activities in Ontario, Renegade is poised to unlock the potential of its mining projects and create lasting value for stakeholders. The successful placement underscores Renegade Gold Inc.’s commitment to responsible resource development and sets the stage for continued success in the dynamic mining industry.
