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Aranjin Resources (TSXV: ARJN) has announced a non-brokered private placement offering of up to 8,125,000 units at $0.08 per unit, aiming to raise up to $650,000. Each unit includes one common share and one purchase warrant, exercisable at $0.105 within 24 months.
Of the total offering, $151,323 comprises previously advanced loan proceeds to be converted into units. The proceeds will support the company's projects in South Australia and Mongolia and provide working capital. Additionally, Aranjin has negotiated a debt settlement of $219,100 through the issuance of 2,738,750 common shares at $0.08 per share.
Company insiders plan to participate by subscribing for 1,891,538 units. Both the offering and debt settlement require TSX Venture Exchange approval and will have a four-month hold period.
Aranjin Resources (TSXV: ARJN) has announced that its proposed ASX listing is currently on hold until further notice. The company has also undergone a leadership change, with Joe Graziano stepping down as CFO and corporate secretary. He will be replaced by Robert Payment, a CPA, CA with over 16 years of experience in Canadian capital markets. Payment brings expertise in equity financings, financial reporting, and public company administration, having served as CFO for several TSX-V and CSE listed companies across various sectors.
Aranjin Resources (TSXV: ARJN) announces a significant change in its executive team as it prepares for an ASX listing in Q4 2024. Jeremy South will step down as Chief Financial Officer on July 8, 2024, and Joe Graziano will take over the position. Graziano, based in Perth, brings over 35 years of experience in financial and strategic advisory roles in the resource sectors of Western Australia. His expertise spans Mergers & Acquisitions, Capital Raisings, Corporate Governance, and ASX compliance. This leadership change is part of Aranjin Resources' strategy to refresh its financial management and rekindle exploration activities in Mongolia and Australia.
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