202615 releases
Renegade Gold Channels 16.2 g/t Au over 5.0 m, Including 56.1 g/t Au over 1.4 m at BobJo, Confederation Belt, Red Lake, Canada
Surface channel sampling at the BobJo project, about 85 km east of Red Lake, Ontario, returned 16.2 g/t Au over 5.0 m, including 56.1 g/t Au over 1.4 m, along with 4.0 g/t Au over 12.1 m, 11.2 g/t Au over 1.7 m, 4.3 g/t Au over 4.7 m and 1.2 g/t Au over 19.5 m; grab samples returned 65.3, 63.0, 48.6 and 14.6 g/t Au. Mineralization extends over 100 m north of the historic BobJo shaft. The 2026 Confederation Belt greenfields program is complete, with LP-Uchi corridor results pending and targets being advanced toward drill-readiness for 2027.
Drill resultsRenegade Gold Announces Arrangement of Debt Settlement and Engagement of Resource Stock Digest
$252,500 of debt owed to non-arm's length and arm's length parties will be settled through the issuance of 647,436 common shares at a deemed price of $0.39 per share, subject to TSX Venture Exchange acceptance, with a four month and one day hold period. Renegade Gold has also signed a twelve-month service agreement with Texas-based Resource Stock Digest for a webpage, management interviews and news distribution, at a one-time initiation fee of US$8,500 plus US$2,450 per month, payable from working capital and subject to Exchange approval.
AcquisitionRenegade Gold Mobilizes Field Crews for Inaugural Confederation Belt Exploration Program
Field crews have been mobilized for the first surface exploration program across the Confederation Belt properties in Ontario's Red Lake Mining District. Two-phase mapping and prospecting will run at Belanger, starting in June and August, and at BobJo, starting in July and September, alongside a contractor-led till survey over the Uchi-LP corridor testing structures from the winter 2025/2026 drone magnetic survey. Historic results cited include grab samples up to 60.44 g/t gold at Belanger and trench assays up to 2,942 g/t gold at BobJo.
Drill resultsRenegade Gold Expands Red Lake Land Package to More Than 100,000 ha Through Strategic Acquisitions at Confederation
A mineral property purchase agreement dated February 5, 2026 will see Renegade Gold acquire the Belanger Property, 105 unpatented mining claims covering approximately 2,150 ha in the Red Lake Mining District, Ontario, for $10,000 and 12,345 common shares at $0.405, subject to TSX Venture Exchange approval. The claims are contiguous with the Confederation Project and add roughly 5 km of strike length, with historic surface samples up to 60.4 g/t Au and shallow drilling of 7.66 g/t Au and 2.06% Cu over 0.3 m. Renegade's consolidated Red Lake land package would total approximately 100,150 ha.
AcquisitionRenegade Gold Identifies New Priority Targets from Magnetic Survey at Confederation Project, Red Lake
A 3,815 line-kilometre UAV-borne high-resolution magnetic survey flown on 50 metre spaced lines has been completed at the Confederation Project in Ontario's Red Lake District, defining a district-scale Priority Target Corridor along the Uchi Lake–LP regional structure plus northwest-southeast cross-cutting structures. Targets include Snake Falls, Feaver Gold, the Central Intrusive Complex, Copperlode and Arrow West; historical hole BL96-4 returned 3.90 g/t Au and 200 g/t Ag over 0.5 metres. Follow-up till sampling, MMI surveys, mapping and drill target refinement are planned.
Drill resultsRenegade Gold to Attend 2026 Vancouver Resource Investment Conference
Renegade Gold will attend the 2026 Vancouver Resource Investment Conference on January 25 to 26, 2026, at the Vancouver Convention Centre in Vancouver, British Columbia, hosting Booth 916. The company's exploration portfolio covers 1320 km2 in the Red Lake Mining District of Northern Ontario, including ground along the Confederation Lake and Birch-Uchi greenstone belts.
CorporateRenegade Gold Provides Exploration Update for Red Lake Gold Project, Ontario
A revised geological model at the Newman Todd Project in Ontario's Red Lake Mining District, incorporating 209 drill holes totaling 86,000 m and 2025 LiDAR data, has delineated 36 new high-grade mineralized domains, with 11 additional domains defined at the Rivard Zone from 65 holes totaling 16,500 m. UAV magnetic surveys at Confederation covering the Arrow Trend and LP Fault total 3,780 line km and are about 95% complete. Drill targets were identified at Gullrock, with permitting in progress. Two Exploration Managers were appointed.
Drill resultsRenegade Gold Announces Grant of Stock Options
A total of 3,025,000 incentive stock options have been granted to directors, officers and consultants of Renegade Gold under the Company's Long Term Incentive Plan. The options are exercisable for three years at $0.52 per share and vest immediately.
CorporateRenegade Gold Announces Appointment of Directors and Chairman
Enrico (Rick) Paolone and Dain Currie have been appointed directors of Renegade Gold, with Paolone also named Chairman of the Board. Paolone has more than 32 years advising institutional portfolio managers and was previously Executive Vice President and founding Partner of Haywood Securities' Capital Markets Division; Currie has over 20 years in capital markets and corporate strategy and is President and Director of Oceanside Strategies Inc. John Newell has resigned as a director and will act as an advisor.
ManagementRenegade Gold Announces Arrangement of Debt Settlement and Engagement of Resource Stock Digest
$252,500 of debt owed to non-arm's length and arm's length parties will be settled through the issuance of 647,436 common shares at a deemed price of $0.39 per share, subject to TSX Venture Exchange acceptance, with a four month and one day hold period. Renegade Gold also entered a twelve-month service agreement with Texas-based Resource Stock Digest for a one-time initiation fee of US$8,500 plus US$2,450 per month, payable from working capital and subject to Exchange approval.
Acquisition
202510 releases
Renegade Gold Closes $4.36 Million Non Flow-Through and $300,000 Flow-Through Private Placement
A non-brokered private placement closed for aggregate gross proceeds of $4,664,270, comprising non flow-through units at $0.23 each for $4,364,270 and flow-through units at $0.23 each for $300,000. NFT Units include one share and one three-year warrant at $0.30; FT Units include one flow-through share and half a warrant on the same terms. Proceeds will extinguish debt, fund exploration and working capital, with flow-through funds directed to Canadian exploration expenses in Ontario. Finders received 1,212,756 warrants.
FinancingRenegade Gold Announces $4 Million Non Flow-Through and $300,000 Flow-Through Private Placement
A non-brokered private placement for gross proceeds of up to $4,300,000 is proposed, comprising up to $4,000,000 of non flow-through units and up to $300,000 of flow-through units, both priced at $0.23 per unit, with warrants exercisable at $0.30 for three years and an acceleration provision at $0.60 for ten consecutive trading days. Proceeds will extinguish debt, fund exploration and working capital, with flow-through funds for Canadian exploration expenses in Ontario. The placement announced November 10, 2025 will not proceed.
FinancingRenegade Gold Closes BobJo Acquisition and Issues First Tranche of Shares towards Keystone Acquisition
The acquisition of the BobJo Property in Ontario's Red Lake mining district has closed through the issuance of 750,000 common shares. Renegade Gold also issued the first tranche of shares owing under its option agreement on the Keystone Property, also in the Red Lake mining district. All shares issued are subject to a hold period expiring February 23, 2026.
AcquisitionRenegade Gold Announces Completion of Share Consolidation
TSX Venture Exchange approval has been received for a share consolidation on the basis of one new common share for every three existing common shares, effective at the start of trading on October 17, 2025. The 52,619,393 common shares outstanding will be reduced to approximately 17,539,797 shares, with shareholders' percentage ownership and voting power unchanged apart from fractional share adjustments. The shares will trade under new CUSIP/ISIN numbers 75974M204/CA75974M2040, and transfer agent Endeavor Trust Corporation will send letters of transmittal to registered holders.
CorporateRenegade Gold Announces $4 Million Non Flow-Through and $300,000 Flow-Through Private Placement
A non-brokered private placement for gross proceeds of up to $4,300,000 is proposed, consisting of non flow-through units at $0.23 for up to $4,000,000 and flow-through units at $0.23 for up to $300,000. NFT Units include one share and one two-year warrant at $0.30; FT Units include one flow-through share and half a warrant, with acceleration if shares trade at $0.50 or more for ten consecutive days. Proceeds will extinguish debt, fund exploration on Ontario projects and working capital.
FinancingRenegade Gold Appoints New President and Chief Executive Officer
Devin Pickell has been appointed President, Chief Executive Officer and Director of Renegade Gold, effective September 17, 2025. Pickell is a registered professional geologist with 20 years of experience in gold and lithium projects in North America, including roles in the Rice Lake region of the Red Lake greenstone belt. Nav Dhaliwal resigned as CEO and John Newell as President, both remaining directors, while David Velisek resigned as director.
ManagementRenegade Gold Completes Option Agreements
Amended purchase option agreements on the Satterly Gold and Uchi Gold properties in Ontario's Red Lake district have closed. Renegade Gold issued 200,000 common shares in place of a $28,000 payment under the Satterly Gold agreement, and 500,000 shares in place of a $40,000 payment and 20,000 shares under the Uchi Gold agreement. The Company has earned a 100% interest in Satterly Gold, subject to a 1.5% NSR, and 100% of Uchi Gold, subject to a 2.0% NSR. Shares are held until October 14, 2025.
AcquisitionRenegade Gold Announces Amendments to Option Agreements
Purchase option agreements on the Satterly Gold and Uchi Gold properties in Ontario's Red Lake district have been amended. Under the Satterly Gold agreement, Renegade will issue 200,000 common shares in place of a $25,000 payment; under the Uchi Gold agreement, it will issue 500,000 common shares in place of a $40,000 payment and 20,000 shares. Once issued, Renegade earns 100% of Satterly Gold subject to a 1.5% NSR and 100% of Uchi Gold subject to a 2.0% NSR, pending TSX Venture Exchange approval.
AcquisitionRenegade Gold Expands Red Lake Land Package to 94,000 ha with Acquisition of BobJo and Keystone Properties; Announces Share Consolidation
Agreements dated October 2, 2025 will add the BobJo Property (65 ha, nine patented claims) and, via option, the Keystone Property (4,320 ha, 212 unpatented single-cell claims) in Ontario's Red Lake Mining District, bringing Renegade's consolidated land position to roughly 94,000 ha. BobJo requires 750,000 post-consolidation shares; Keystone requires 3,000,000 post-consolidation shares plus $150,000 cash and carries a 2% NSR. The board also authorized a three-for-one share consolidation, subject to TSXV approval.
AcquisitionRenegade Gold Announces Appointment of John Newell as President and Strengthened Focus on Discovery in Red Lake
John Newell has been appointed President of Renegade Gold, having recently joined the Board of Directors. He has over 40 years of experience in the mining and resource sector and was formerly a portfolio manager with a global precious metal fund. Renegade's holdings in Ontario's Red Lake Mining District cover over 89,600 hectares, including ground along the Confederation Lake and Birch-Uchi greenstone belts.
Management
202419 releases
Renegade Gold Closes $1,070,310 Private Placement of Flow-Through Shares
A non-brokered private placement of flow-through common shares at $0.18 per share closed for gross proceeds of $1,070,310, with proceeds to fund Canadian exploration expenses on Renegade Gold's Ontario projects. Finder's fees of $77,921.64 in cash and 432,898 non-transferable share purchase warrants were paid to eligible finders, each warrant exercisable at $0.18 for two years from issue. Securities issued under the placement are subject to a hold period expiring April 20, 2025.
FinancingRenegade Gold Drilling Continues to Intersect High-Grade Gold; Expands width of Mineralization at Newman Todd in Red Lake, Ontario
Second-phase drill results from the Newman Todd deposit in Red Lake, Ontario include 9.2 g/t Au over 2.7 m, 4.5 g/t Au over 2.5 m and 2.4 g/t Au over 18.0 m in hole NT-24-017; 9.8 g/t Au over 1.5 m and 2.8 g/t Au over 8.5 m in NT-24-018; and 4.9 g/t Au over 2.5 m at about 650 m depth in NT-24-016. Drilling extended mineralization 500 m deeper, to just over 800 m, and widened the structure by up to 100 m near surface. Renegade also closed a debt settlement, issuing 1,921,161 shares at a deemed $0.30 to settle $576,348.29.
Drill resultsRenegade Gold Intersects 14.0 g/t Au over 7.3 m at Newman Todd Gold Project in Red Lake, Ontario
Hole NT-24-019 at the Newman Todd deposit in Red Lake, Ontario returned 14.0 g/t Au over 7.3 m, including 28.3 g/t Au over 3.5 m, at 200 m below surface, from the second phase of drilling. The results confirm high-grade mineralization at the intersection of the Hinge Fault and the deposit, which now extends from surface to just over 800 m, an additional 500 m at depth. Hole NT-24-020 had significant core loss at target depth.
Drill resultsRenegade Gold Extends High-Grade Mineralization and Discovers New Zone at Newman Todd Project in Red Lake, Ontario
Phase one drilling at the Newman Todd deposit in Red Lake, Ontario extended high-grade gold mineralization below 300 m, with hole NT-24-012 returning 14.3 g/t Au over 2.8 m and 8.1 g/t Au over 4.7 m, and NT-24-015 returning 9.7 g/t Au over 1.5 m and 7.1 g/t Au over 1.5 m at 760 m depth. Eight holes intersected a new Hanging Wall zone, including 18.1 g/t Au over 1.1 m. The company also granted 3,100,000 stock options at $0.44 per share.
Drill resultsRenegade Gold Enters into Marketing Agreement with Winning Media
A three-month Digital Marketing Services Agreement with Houston-based Winning Media LLC has been signed, commencing August 26, 2024, at US$100,000 per month. Winning Media will provide omnichannel programmatic advertising, ticker tagging, digital podcasts, and email and SMS marketing. The parties are at arm's length, and Winning Media will receive no stock options or other securities as compensation. Renegade Gold holds an 89,600 hectare exploration portfolio in Ontario's Red Lake Mining District.
CorporateRenegade Gold Expands Exploration Activity at Red Lake, Ontario; Mobilizes Crews to Regional Targets
Field crews have been mobilized to regional targets at Renegade Gold's Red Lake gold projects in northwest Ontario, including a 20-day prospecting, mapping and sampling campaign on the Willis property adjacent to the Newman Todd project, and a 30-day campaign targeting Birch Uchi structures on the Swain and Satterly projects. A fixed-wing Lidar survey over select Red Lake properties is complete with results pending. Final results from the 25,000 m Newman Todd drill campaign remain outstanding.
Drill resultsRenegade Gold Announces Debt Settlement
$576,348.29 of debt owed to an arm's length party will be settled through the issuance of 1,921,161 common shares at a deemed price of $0.30 per share, subject to TSX Venture Exchange acceptance. The shares will carry a hold period expiring four months and one day from the date of issue. Renegade Gold holds an 89,600 hectare exploration portfolio in the Red Lake Mining District of Northern Ontario.
CorporateRenegade Gold Closes $3,400,000 Private Placement
A private placement of 17,000,000 units at $0.20 per unit closed for gross proceeds of $3,400,000, with each unit comprising one common share and one transferable warrant exercisable at $0.25 for three years. Proceeds will be used to extinguish debt, fund exploration on the company's properties and for general working capital. Securities are subject to hold periods expiring August 6, 2024; a company controlled by two directors bought 1,250,000 units and one controlled by an officer bought 100,000 units.
FinancingRenegade Gold Closes $3m Private Placement of Units and Flow-Through Shares
A non-brokered private placement closed for gross proceeds of $1,850,000 from flow-through shares at $0.40 each and $1,151,552 from non flow-through units at $0.37 each, each unit including a half warrant exercisable at $0.60 for two years. Flow-through proceeds will fund Canadian exploration expenses on the company's Ontario projects, with unit proceeds for general working capital. Finder's fees totalled $152,687.54 cash and 386,419 warrants; securities are held until October 27, 2024. A company controlled by two directors bought 200,000 units for $74,000.
FinancingRenegade Gold Announces $3 Million Flow-Through Private Placement
A non-brokered private placement of up to $3 million is proposed, comprising up to $1.5 million of flow-through common shares at $0.40 each and up to $1.5 million of flow-through units at $0.525 each, with each unit including a half warrant exercisable at $0.60 for two years. Proceeds will fund Canadian exploration expenses on the Company's Ontario projects. Finders' fees in cash and warrants may be paid, with closing in one or more tranches subject to TSX Venture Exchange approval.
FinancingRenegade Gold Announces $1 Million Flow-Through Private Placement
A non-brokered private placement of flow-through common shares at $0.18 per FT Share for gross proceeds of up to $1 million is proposed, with closing in one or more tranches subject to TSX Venture Exchange approval and a four month and one day hold. Proceeds will fund Canadian exploration expenses in the Red Lake District, Ontario, including follow-up drilling at Newman Todd, where results included 14.0 g/t Au over 7.3 metres, plus targets at Gullrock and central Red Lake. Finders' fees in cash and warrants may be paid.
FinancingRenegade Gold Expands Drill Program to 25,000 m in Red Lake; Targets New High-Grade Zones
The drill program at the Newman Todd gold deposit in Red Lake, Ontario has been expanded from 10,000 m to 25,000 m, targeting high-grade extensions along the 2.2 km deposit strike and at depth, following step-out results of 8.35 g/t Au over 3.5 m at 400 m depth and 5.0 g/t Au over 9.5 m at 550 m depth. Follow-up drilling is also planned at the Rivard Zone, 400 m west, where prior drilling returned 355.0 g/t Au over 1.0 m. Airborne magnetic and LiDAR surveys plus mapping and sampling on regional properties begin in late spring 2024.
Drill resultsRenegade Gold Announces Expanded Drill Program; Provides Corporate Update
Planning is underway to expand the current drill program at the Newman Todd gold project in Ontario's Red Lake district, with drill targeting work in progress for additional holes and further details to be announced in the coming weeks. The project has mineralization over a 2.2 km strike length with little drilling below 300 m; deeper holes drilled in 2022 returned grades such as 40.56 g/t over 4.18 m. All post Trillium/Pacton transaction work is complete, with debt cleared and funding in place.
Drill resultsRenegade Gold Announces Availability of Annual General Meeting Materials and Provides Instructions on How to Vote
Meeting materials for Renegade Gold's annual general meeting are available on SEDAR+ and the Company's website, as mail delivery is affected by the Canadian Union of Postal Workers strike. The meeting will be held at 200 Burrard Street, Suite 1615, Vancouver, British Columbia on December 12, 2024 at 9:00 a.m. (Pacific). Shares must be voted by no later than 9:00 a.m. (Pacific) on December 10, 2024, with registered holders directed to Computershare at 1-800-564-6253.
CorporateRenegade Gold Arranges $3,400,000 Private Placement
A private placement of up to 17,000,000 units at $0.20 per unit has been arranged for gross proceeds of up to $3,400,000. Each unit includes one common share and one transferable warrant exercisable at $0.25 for three years, with a four month and one day hold period. Proceeds will extinguish debt, fund exploration on the Company's properties and general working capital, with closing in one or more tranches subject to regulatory approvals.
FinancingRenegade Gold Appoints John Newell to the Board of Directors
John Newell has been appointed to the Board of Directors of Renegade Gold Inc. He has 40 years of experience in the investment industry, including roles at Scotia McLeod, CIBC Wood Gundy and Richardson Greenshields, and as Portfolio Manager of the Fieldhouse Absolute Return Precious Metals Fund. He currently serves as President and CEO of Golden Sky Minerals Corp. and Thunderbird Minerals Corp. Renegade holds an 89,600 hectare land package in the Red Lake Mining District of Northern Ontario.
ManagementRenegade Gold Intersects High-Grade Gold Mineralization in Initial Drillholes at Newman Todd in Red Lake, Ontario
Initial results from the first three drillholes at the 100%-owned Newman Todd deposit in Red Lake, Ontario returned 1.63 g/t Au over 34.1 m, including 8.35 g/t Au over 3.5 m, in NT-23-001; 2.02 g/t Au over 41.5 m, including 5.00 g/t Au over 9.5 m, in NT-23-002, extending mineralization more than 200 m below previous intercepts to over 550 m depth; and 2.33 g/t Au over 41.9 m, including 9.63 g/t Au over 7.4 m, in NT-23-003. Russell Starr has resigned as a director.
Drill resultsRenegade Gold Commences Multi-Drill Program in Red Lake, Ontario
A 10,000 metre, two-drill exploration campaign has begun at Renegade Gold's Red Lake Gold Project in Ontario. Drilling will test extensional high-grade targets along strike and at depth at the Newman Todd Deposit, plus regional targets at the Confederation property including the Fly Moth, Panama and Fredart prospect areas. Following its acquisition of Pacton Gold, the company holds over 89,600 hectares in Red Lake.
Drill resultsRenegade Gold Announces Final Tranche Closing of Non-Brokered Private Placement
The second and final tranche of a non-brokered private placement closed with 1,875,000 units issued at $0.32 per unit for gross proceeds of $600,000, each unit including one share and one two-year warrant exercisable at $0.45. With the first tranche closed December 18, 2023, the Placement totalled 4,658,750 units for gross proceeds of $1,490,800. Proceeds will extinguish debt, fund exploration and provide working capital; a director bought 312,500 units for $100,000.
Financing
202316 releases
Renegade Gold Closes First Tranche of Private Placement
A first tranche of a private placement closed for gross proceeds of $890,800 through the issue of 2,783,750 units at $0.32 per unit, each unit comprising one common share and one two-year warrant exercisable at $0.45. Renegade Gold paid $4,480 and issued 14,000 finder's warrants on the same terms; securities are subject to a hold period until April 19, 2024. Proceeds will extinguish debt, fund exploration on the Company's properties and general working capital.
FinancingRenegade Gold Appoints New CFO
P. Joseph Meagher has been appointed Chief Financial Officer of Renegade Gold Inc., replacing Jeffrey O'Neill, who has resigned from the role. Meagher holds a Bachelor of Commerce from the University of British Columbia, became a Chartered Professional Accountant (CPA, CA) in 2008, and obtained the Chartered Director (C.Dir.) designation from The Directors College in 2017.
ManagementRenegade Gold Announces Change to Board of Directors
Nathan Tribble has been appointed as a director of Renegade Gold Inc. Tribble has over 15 years of experience in exploration and mining focused on gold and base metals, with prior roles including Senior Principal Geologist for Sprott Mining and Senior Geologist for Bonterra Resources, Jerritt Canyon Gold, Kerr Mines, Northern Gold, Lake Shore Gold and Vale Inco. He is a Professional Geoscientist in Ontario and holds a BSc in Geology from Laurentian University.
ManagementRenegade Gold Arranges $3,000,000 Private Placement
A private placement of up to 9,375,000 units at $0.32 per unit for gross proceeds of up to $3 million has been arranged, with each unit comprising one common share and one transferable warrant exercisable at $0.45 for two years. Proceeds will be used to extinguish debt, fund exploration on the Company's properties and for general working capital. The private placement announced on August 4, 2023 has been cancelled; closing is expected in one or more tranches subject to regulatory approvals.
FinancingRenegade Gold Launches New Website; Provides Exploration Update
A new website at www.renegadegold.com has been launched, alongside an exploration update. A multi-phase work program is at an advanced planning stage and is expected to commence later this year, initially focused on the Newman Todd property in Ontario's Red Lake gold district, which hosts multiple high-grade gold zones and a near-surface historic 43-101 compliant resource estimate. The 2.2 km mineralized trend at Newman Todd is open in every direction, with an accelerated zone expansion program planned.
CorporateRenegade Gold Announces Resignation of Director
Krisztian Toth has resigned as a director of Renegade Gold Inc. The company holds exploration properties in the Red Lake Mining District of Northern Ontario totalling over 89,600 hectares following its acquisition of Pacton Gold Inc., along with a portfolio of projects in Western Australia.
ManagementTrillium Gold Announces Effective Date of Name Change to Renegade Gold
TSX Venture Exchange approval has been received for Trillium Gold Mines to change its name to Renegade Gold Inc. and to consolidate its shares on a one-for-ten basis. Both take effect at the start of trading on July 17, 2023, with the shares trading under the symbol RAGE and new CUSIP/ISIN numbers 75974M105/CA75974M1059. The 149,837,151 shares outstanding will be reduced to approximately 14,983,715, with letters of transmittal to be sent to registered holders.
CorporateRenegade Gold Issues Shares to Benton Resources in Payment of $300,000 Option
769,230 common shares have been issued to Benton Resources Inc. in satisfaction of a C$300,000 cash payment obligation under an option agreement giving Renegade Gold the right to acquire the remaining 30% interest, for a total 100% interest, in the Panama Lake Property. The issuance follows the company's December 1, 2023 news release.
NewsTrillium Gold Appoints New Chair and President & CEO and Announces Name Change and Consolidation
Dale Ginn has been appointed Executive Chairman and Nav Dhaliwal President and Chief Executive Officer of Trillium Gold Mines Inc., taking over from Russell Starr, who remains a Director. The Board has authorized a name change to Renegade Gold Inc. and a share consolidation on the basis of ten pre-consolidation common shares for one post-consolidation share, both subject to TSX Venture Exchange approval, with the effective date to be disclosed in a subsequent release.
ManagementTrillium Gold Mines Completes Plan of Arrangement to Acquire Pacton Gold
Trillium Gold Mines has completed its plan of arrangement to acquire Pacton Gold, making Pacton a wholly-owned subsidiary. Pacton shareholders receive 1.275 Trillium shares for each Pacton share, leaving existing Trillium and Pacton holders with 53% and 47% of the combined company; Pacton options were exchanged for options on up to 2,198,737 Trillium shares and warrants now cover 42,075 shares. Nav Dhaliwal and Dale Ginn joined Trillium's board, and Luke Norman resigned as Chairman.
AcquisitionTrillium Gold Announces Success-Based Compensation to Financial Advisor
868,551 common shares plus a cash fee will be issued to Red Cloud Securities Inc. for acting as financial advisor to Trillium Gold Mines on its previously announced plan of arrangement with Pacton Gold Inc. The compensation qualifies as a success-based commission under Section 3 of TSX Venture Exchange Policy 5.1 and remains subject to TSXV acceptance.
NewsRenegade Gold Engages Venture Liquidity Providers Inc. as Market Maker
Venture Liquidity Providers Inc. has been retained, subject to regulatory approval, to provide market-making services for Renegade Gold's common shares through registered broker W.D. Latimer Co. Ltd. VLP will be paid $5,000 monthly for three months, automatically renewing for successive one-month terms and terminable by either party. VLP holds no interest in the Company or its securities, will receive no securities as compensation, and the agreement contains no performance factors; WDL will provide the financing and shares.
CorporateTrillium Gold to Accelerate Exploration; Maximize Unique Land Position Advantages in Red Lake, Ontario
A drill program is expected to commence by September following completion of the Pacton Gold merger, with expansion drilling at the Newman Todd project in Ontario's Red Lake Mining District, where minimal drilling has been done below 400 m and along strike of existing zones, plus regional targets at the Confederation, Gullrock and Main Red Lake properties. Newman Todd hosts 10 high-grade zones over a 2.1 km strike; recent holes returned 40.56 g/t Au over 4.18 m and 8.75 g/t Au over 20.4 m. The combined package covers over 89,600 hectares.
Drill resultsRenegade Gold Announces Private Placement Extension
A 30-day extension has been granted by the TSX Venture Exchange to complete the private placement first announced September 25, 2023, of up to 9,375,000 units at $0.32 per unit for gross proceeds of up to $3 million. Each unit comprises one common share and one transferable warrant exercisable at $0.45 for two years. Proceeds are intended to extinguish debt, fund exploration on the Company's properties and for general working capital, with closing in one or more tranches.
FinancingRenegade Gold Arranges $5,000,000 Private Placement
A private placement of up to 9,433,963 units at $0.53 per unit for gross proceeds of up to $5,000,000 has been arranged. Each unit includes one common share and one non-transferable warrant exercisable at $0.75 for two years, subject to acceleration if the shares close above C$1.25 for seven or more consecutive trading days after the four month and one day hold period. Closing is expected in one or more tranches subject to regulatory approvals.
FinancingRenegade Gold Announces Intention to Issue Shares to Benton Resources in Payment of $300,000
769,230 common shares will be issued to Benton Resources Inc. at a deemed price of $0.39 per share in lieu of a C$300,000 cash payment owed under an October 22, 2019 option agreement covering the Panama Lake Property in Ontario's Red Lake Mining District. The payment relates to the Third Option, under which Renegade can acquire the remaining 30% interest for 100% ownership. The issuance requires TSX Venture Exchange approval and the shares carry a four month hold period.
News