Vancouver, British Columbia--(Newsfile Corp. - July 26, 2023) - AJN Resources Inc. (CSE: AJN) (FSE: 5AT) ("AJN" or the "Company") is pleased to announce a non-brokered private placement offering of up to 16,000,000 units (each, a "Unit") at a price of $0.25 per Unit, for gross proceeds of up to $4,000,000 (the "Offering"). Each Unit will consist of one common share and one share purchase warrant ("Warrant"), where each Warrant will entitle the holder to purchase one additional common share ("Warrant Share") at an exercise price of $0.30 per Warrant Share for a two year period.
AJN intends to use the net proceeds from the Offering for general corporate and working capital purposes. A finder's fee will be payable with respect to a portion of the Offering. The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period.
About AJN Resources Inc.
AJN is a junior exploration company. AJN's management and directors possess over 75 years of collective industry experience and have been very successful in the areas of exploration, financing and developing major mines throughout the world, with a focus on Africa, especially the Democratic Republic of the Congo.
For further information, please contact Investor Relations:
Sheena Eckhof
Director, Investor Relations
sheena@eckhofconsulting.com
Visit us at www.ajnresources.com
Tel: +44 7496 291547
On Behalf of the Board of Directors
Klaus Eckhof
CEO and President
klauseckhof@monaco.mc
Cautionary Note Regarding Forward-Looking Statements
The information in this news release may include certain information and statements about management's view of future events, expectations, plans and prospects that may constitute forward-looking statements. Forward-looking statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although AJN Resources Inc. believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, AJN Resources Inc. disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Not for distribution to United States newswire services or for dissemination in the United States.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/174972
