Renegade Gold Inc. announced a private placement to issue 9,433,963 units at an issue price of CAD 0.53 per unit for the gross proceeds of CAD 5,000,000.39 on August 4, 2023. Each unit will consist of one common share and one non-transferable share purchase warrant, each warrant exercisable into one additional common share for a period of two years from date of issue at a price of CAD 0.75 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 anticipates closing of the placement (in one or more tranches) as soon as practicable subject to receipt of all necessary regulatory approvals.