Renegade Gold Targets C$5 Million in Gross Proceeds From Placement

Renegade Gold Inc. is seeking C$5 million in gross proceeds through a bought-deal private placement, with net proceeds from units intended to advance its Red Lake Mining District projects in Ontario and support working capital.

The financing combines C$0.27 units with C$0.30 flow-through shares, which Red Cloud Securities Inc. will buy for resale as sole underwriter and bookrunner. At least 5,555,556 units are required, equal to roughly C$1.5 million in gross unit proceeds. A unit pairs one common share with a warrant to acquire one more common share at C$0.375; the warrant remains exercisable for up to 36 months after closing.

Gross proceeds from flow-through shares are designated for eligible exploration expenses at Renegade’s Red Lake gold projects. The company plans to renounce qualifying expenses to subscribers effective no later than Dec. 31, 2026.

Red Cloud may purchase up to an additional C$1 million in units, flow-through shares or a combination of both. It may exercise the option up to 48 hours before closing.

The offering is expected to close on or about Nov. 26, 2026, subject to conditions including TSX Venture Exchange approval. The units may also be sold in the United States under available private-placement exemptions. The securities are not registered under U.S. federal or state securities laws.