Red Canyon Resources Ltd. announced a non-brokered private placement to issue up to 7,000,000 units at a price of CAD 0.22 per unit for gross proceeds of up to CAD 1,540,000 on May 2, 2024. Each unit consists of one common share and one-half of one non-transferable share purchase warrant, with each whole warrant exercisable into one further common share at a price of CAD 0.30 for a period of 24 months. All securities issued will be subject to a statutory hold period of four months and one day.

The transaction may include participation from directors and officers of the company. Finders? fees may be paid in connection with the Offering in accordance with the policies of the Canadian Securities Exchange.

The offering is subject to the approval of the CSE.