Renegade Gold Inc. announced a non-brokered private placement of 3,750,000 flow-through common shares at a price of CAD 0.40 per share for the gross proceeds of CAD 1,500,000 and 2,857,142 flow-through units at a price of CAD 0.525 per unit for the gross proceeds of CAD 1,499,999.55; aggregate gross proceeds of CAD 2,999,999.55 on May 28, 2024. Each FT unit consists of one flow-through common share and one-half non-transferable share purchase warrant, with each whole such warrant exercisable to acquire one non-flow-through common share for a period of two years from the date of issue at a price of CAD 0.60. The company may pay finders' fees comprising cash and non-transferable warrants in connection with the placement, subject to compliance with the policies of the TSX Venture Exchange and applicable securities laws.

The company anticipates closing of the placement (in one or more tranches) as soon as practicable, subject to the receipt of all necessary regulatory approvals, including the approval of the TSX-V.