On January 18, 2024, Renegade Gold Inc. closed the transaction. The company issued 1,875,000 units at an issue price of CAD 0.32 per unit for the proceeds of CAD 600,000 in the second and final tranche. All securities issued under the placement will be subject to a hold period expiring four months and one day from the date of issue. Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable to acquire one additional common share for a period of two years from date of issue at a price of CAD 0.45 per share. The company has issued 4,658,750 units were issued for aggregate gross proceeds of CAD 1,490,800. The transaction included participation from a director who has 312,500 units for the gross proceeds of CAD 100,000.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 8 placees, 1 existing insider for 312,500 units and 2 pro groups for 215,000 units. The company has paid finder's fees of CAD 4,480 in cash and issued 14,000 warrants.