News
Summary
Each Unit will consist of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share for a period of three years from date of issue at a price of $0.25 per share.All securities issued under the Placement will be subject to a hold period expiring four months and one day from the date of issue.The Company intends to use the net proceeds of the Placement to extinguish debt, for exploration work on the Companys exploration properties and for general working capital.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. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.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. The Company also holds a portfolio of prospective projects in Western Australia.For further information, please contact: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.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 Securities Litigation Reform Act of 1995. 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 timely manner. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration 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.