Renforth Resources Inc announced that it has completed a non-brokered private placement for gross proceeds of CAD 396,599.97 on January 4, 2024. The company will issue 300,000 non-flow-through units at a price CAD 0.026 per non-flow-through unit for a gross proceeds of CAD 7,800 and 12,959,999 flow-through units at a price of CAD 0.03 per flow-through unit for gross proceeds of CAD 388,799.97. Each Unit consisted of one common share of the Company and one common share purchase warrant.

Each Warrant entitles the holder thereof to purchase one Common Share at a price of CAD 0.05 for a period of 24 months following the distribution date. Each FT Unit consisted of one Common Share to be issued as a ?flow through share? within the meaning of the Income Tax Act (Canada) and one half of one FT Warrant.

Each FT Warrant entitles the holder thereof to purchase one Common Share at a price of CAD 0.05 for a period of 18 months following the distribution date. In connection to the financing, the company paid a cash commission of CAD 17,500