Renegade Gold Announces Debt Settlement
Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) has announced a debt settlement agreement, subject to TSX Venture Exchange approval. The company plans to settle $576,348.29 of debt owed to an arm's length party by issuing 1,921,161 common shares at a deemed price of $0.30 per share. This move aims to improve the company's financial position by converting debt into equity. All shares issued under this settlement will be subject to a four-month and one-day hold period from the date of issue, ensuring a temporary restriction on their trading.
Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) ha annunciato un accordo di risoluzione del debito, soggetto all'approvazione della Borsa TSX Venture. L’azienda prevede di estinguere 576.348,29 dollari di debito dovuto a una parte terza emettendo 1.921.161 azioni ordinarie a un prezzo presunto di 0,30 dollari per azione. Questa mossa mira a migliorare la posizione finanziaria della società convertendo il debito in capitale. Tutte le azioni emesse nell'ambito di questo accordo saranno soggette a un periodo di blocco di quattro mesi e un giorno dalla data di emissione, garantendo una restrizione temporanea sul loro commercio.
Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) ha anunciado un acuerdo de liquidación de deuda, sujeto a la aprobación de la Bolsa de Valores TSX Venture. La compañía planea saldar 576,348.29 dólares de deuda con una parte independiente emitiendo 1,921,161 acciones ordinarias a un precio considerado de 0.30 dólares por acción. Este movimiento tiene como objetivo mejorar la posición financiera de la empresa convirtiendo la deuda en capital. Todas las acciones emitidas bajo este acuerdo estarán sujetas a un período de retención de cuatro meses y un día a partir de la fecha de emisión, asegurando una restricción temporal en su comercio.
레니게이드 골드 주식회사 (TSXV: RAGE) (OTCQX: TGLDF)는 TSX 벤처 거래소의 승인을 조건으로 한 채무 조정 계약을 발표했습니다. 회사는 $576,348.29의 채무를 제3자에게 상환하기 위해 1,921,161주의 보통주를 주당 $0.30의 가정된 가격으로 발행할 계획입니다. 이 조치는 채무를 자본으로 전환하여 회사의 재정 상황을 개선하는 것을 목표로 하고 있습니다. 이 조정을 통해 발행된 모든 주식은 발행일로부터 4개월 1일의 보유 기간이 적용되어 거래에 대한 일시적인 제한이 설정됩니다.
Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) a annoncé un accord de règlement de dettes, sous réserve de l'approbation de la Bourse TSX Venture. L'entreprise prévoit de régler 576 348,29 $ de dettes dues à une partie indépendante en émettant 1 921 161 actions ordinaires à un prix estimé de 0,30 $ par action. Cette opération vise à améliorer la position financière de l'entreprise en transformant la dette en capital. Toutes les actions émises dans le cadre de cet accord seront soumises à une période de blocage de quatre mois et un jour à compter de la date d'émission, garantissant une restriction temporaire de leur négociation.
Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) hat eine Schuldenregelung vereinbart, die der Genehmigung der TSX Venture Exchange unterliegt. Das Unternehmen plant, 576.348,29 USD Schulden gegenüber einer unabhängigen Partei durch die Ausgabe von 1.921.161 Stammaktien zu einem angenommenen Preis von 0,30 USD pro Aktie zu begleichen. Dieser Schritt zielt darauf ab, die finanzielle Lage des Unternehmens zu verbessern, indem Schulden in Eigenkapital umgewandelt werden. Alle im Rahmen dieser Regelung ausgegebenen Aktien unterliegen einer Haltedauer von vier Monaten und einem Tag ab dem Ausgabedatum, um eine vorübergehende Handelsbeschränkung sicherzustellen.
- Debt reduction of $576,348.29, potentially improving the company's balance sheet
- Conversion of debt to equity, preserving cash for operations
- Potential dilution of existing shareholders' ownership due to the issuance of 1,921,161 new common shares
- The debt settlement is subject to TSX Venture Exchange approval, which introduces uncertainty
Vancouver, British Columbia--(Newsfile Corp. - August 8, 2024) - Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) (FSE: 070) ("Renegade" or the "Company") announces that it has agreed, subject to the acceptance of the TSX Venture Exchange, to settle
About Renegade Gold Inc.
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. As part of its regional-scale consolidation strategy, the Company has assembled one of the largest prospective land packages in and around the Red Lake mining district in proximity to major mines and deposits, as well as along the Confederation Lake and Birch-Uchi greenstone belts. The 89,600 hectares prospective and diversified exploration portfolio has significant potential for gold and critical minerals on trend with the major structures hosting known gold occurrences in the Red Lake mining district today.
For further information, please contact:
| Renegade Gold Inc. Nav Dhaliwal President, CEO and Director info@renegadegold.com Tel: 604-678-5308 |
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.
Cautionary Note regarding Forward-Looking Statements
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. The words "anticipate," "significant," "expect," "may," "will" and similar expressions are intended to be among the statements that identify Forward-Looking Information. Forward-Looking Information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the Forward-Looking Information. 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 financing. Readers are cautioned not to place undue reliance on this Forward-Looking Information. The Company does not assume the obligation to revise or update this Forward-Looking Information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219347
FAQ
How much debt is Renegade Gold (TGLDF) settling through share issuance?
What is the deemed price per share for Renegade Gold's (TGLDF) debt settlement?
How many new shares will Renegade Gold (TGLDF) issue for the debt settlement?
What is the hold period for the new shares issued by Renegade Gold (TGLDF) in this debt settlement?
