newsfilter
← Latest News
ACCESS Newswire·

Renegade Gold Announces Bought Deal Private Placement for Gross Proceeds of C$5 Million

RENGF
  • Renegade Gold Inc. entered a "bought deal" agreement with Red Cloud Securities Inc. as sole underwriter to raise up to C$5,000,000 in aggregate gross proceeds.
  • The offering includes Units priced at C$0.27 each (each consisting of one common share & one warrant) & Flow-Through Shares priced at C$0.30 each.
  • A minimum sale of 5,555,556 Units is required to generate minimum gross proceeds of C$1,500,000.12.
  • Each Unit Warrant allows the purchase of one common share at C$0.375 exercisable for 36 months post-closing.
  • Flow-Through Shares qualify as eligible Canadian exploration expenses that will be renounced to subscribers by December 31, 2026.
  • Red Cloud Securities holds an option to purchase an additional C$1,000,000 worth of Units or Flow-Through Shares up to 48 hours prior to closing.
  • Net proceeds from Units will fund project advancement in the Red Lake Mining District & general working capital.
  • Gross proceeds from Flow-Through Shares will cover resource exploration expenses related to Renegade's gold projects.
  • The offering is conducted via accredited investor & minimum amount investment exemptions under National Instrument 45-106 in six Canadian provinces.
  • Units may also be sold in the U.S. via private placement exemptions, though securities are not registered under the U.S. Securities Act.
  • Securities are subject to a four-month-plus-one-day hold period in Canada following the Closing Date.
  • The offering is scheduled to close on or about November 26, 2026, pending TSX Venture Exchange approval & other regulatory conditions.
  • Renegade Gold Inc. holds 1,542 km² of mineral claims in Ontario's Red Lake Mining District & trades on TSXV, OTCQB, & FSE.
Company
Red Cloud Securities Inc.
Keywords
Banking & Financial Services, Financing