Aranjin Resources Ltd. Announces Private Placement

Aranjin Resources Ltd. Announces Private Placement

Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin Resources" or the "Company"), is pleased to announce a non-brokered private placement of up to $1,000,000 (the "Private Placement") through the sale of units of the Company (the "Units") at a price of $0.02 per Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant with each warrant exercisable for one common share at a price of $0.05 per share for a period of 24 months from closing.

The proceeds of the Private Placement will primarily be used to fund the ongoing exploration program at the Victory Nickel Discovery where an active exploration program is currently underway. The Company also plans to complete a deep drill hole on the Bayan Undur Copper Project mining licences.

The Private Placement is anticipated to close on or about June 22, 2023, or such later date as the Company may determine. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange (TSXV).

The securities issued in connection with the Private Placement will be subject to a hold period of four months plus a day from the date of issuance pursuant to applicable securities laws.

The Company is also pleased to announce that it plans to pursue a dual listing of its common shares on the Australian Securities Exchange ("ASX"). The Company's focus is on Mongolia and it believes that a listing of its common shares on the ASX will assist with historical liquidity and valuation issues. It will also serve as a better venue for trading for its Asian based shareholders.

Ali Haji will be stepping down as CEO of the Company as it looks to trim its executive team and Board. The Board wishes to thank him for his contributions. Matthew Wood will continue in his role as Executive Chairman of the Company.

Exploration work at the Sharga Copper Project is on hold pending resolution of the licence dispute with MRPAM. A Notice of Intent to submit a Claim to Arbitration was filed with the Government of Mongolia on May 25, 2023.

Matthew Wood, Executive Chairman of Aranjin Resources Ltd commented, "We are excited to announce this private placement and we look forward to an active summer of exploration in Mongolia at our nickel and copper projects. With approximately 50% of our shareholders now based in Asian time zones, the Company has decided to pursue a dual listing on the ASX in 2023."

On behalf of the Board
Matthew Wood
Executive Chairman
Aranjin Resources Ltd.
+976 7732 1914

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/169580

News Provided by Newsfile via QuoteMedia

ARJN:CA
The Conversation (0)
Aranjin Resources (TSXV:ARJN)

Aranjin Resources


Keep reading...Show less

Untapped Copper in Mongolia

Aranjin Updates on Victory Project and Announces Australian Acquisitions

Aranjin Updates on Victory Project and Announces Australian Acquisitions

Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") is very pleased to announce an update on the Victory Nickel Project in Mongolia and that it has also entered into agreements to acquire an extensive package of highly prospective copper projects in Australia.

HIGHLIGHTS

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Steppe Gold Announces Filing of Early Warning Report

Steppe Gold Announces Filing of Early Warning Report

Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe") announces that on September 27, 2023, Aranjin Resources Ltd. ("Aranjin"), with a head office address of Suite 202, 2438 Marine Drive, West Vancouver, British Columbia, V7V 1L1,converted the $1,814,400 principal amount of the outstanding convertible debenture held by Steppe to common shares of Aranjin ("Common Shares") at a price of $0.055 per Common Share, resulting in the issuance of 32,989,090 Common Shares to Steppe (the "Debenture Conversion"). Further, Steppe announces that it has entered into an agreement with Aranjin whereby Aranjin converted accrued interest of $543,574 on the outstanding debentures at a price of $0.055 per Common Share, resulting in the issuance of an additional 9,883,163 Common Shares to Steppe (the "Interest Conversion" and, together with the Debenture Conversion, the "Conversions").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Aranjin Announces Completion of Debt Settlement and Conversion of Debenture Interest

Aranjin Announces Completion of Debt Settlement and Conversion of Debenture Interest

Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") is pleased to announce that further to its press release dated August 16, 2023, it has completed the previously announced debt settlement and conversion of accrued interest on convertible debentures ("Debentures") held by Steppe Gold Ltd. ("Steppe") into common shares ("Shares") of the Company.

The Company has issued 9,883,163 Shares at a deemed price of $0.055 per Share to Steppe, representing accrued interest of $543,574 on the Debentures issued to Steppe on August 10, 2021. After conversion of the principal amount of the Debentures and issuance of Shares representing accrued interest, Steppe now holds 42,872,254 Shares of the Company, representing approximately 11.06% of the Company's issued and outstanding Shares.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Aranjin Resources Announces Corporate Update: Exploration Update, Debenture Conversions, Debt Settlement and Board Changes

Aranjin Resources Announces Corporate Update: Exploration Update, Debenture Conversions, Debt Settlement and Board Changes

Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") is pleased to provide an update on recent and upcoming developments at the Company.

With the successful completion of the upsized recent private placement, the Company is pleased to announce the conversion of outstanding debentures and settlement of outstanding debt to simplify the balance sheet. This will reduce the debt burden and allow investment capital to be directed to our exciting exploration projects.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Aranjin Resources Completes Private Placement

Aranjin Resources Completes Private Placement

Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") announces that it has completed its previously announced non-brokered private placement of 53,782,668 units of the Company ("Units") at a price of $0.02 per Unit, for aggregate gross proceeds of approximately $1,075,653 (the "Offering"). Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant").

Each Warrant will be exercisable for one Share at a price of $0.05 per Share for a period of 24 months from the closing of the Offering, provided that in the event that the daily volume weighted average closing price of the Shares on the TSX Venture Exchange (the "TSXV") or a recognized Canadian stock exchange equals or exceeds $0.10 for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by issuing a press release announcing the reduced Warrant term and in such case, the Warrants will expire on the 30th calendar day after the date such press release is issued.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Bold Ventures Announces Prospecting and Sampling Results and Mobilizes Crew to Burchell Gold and Copper Project

Bold Ventures Announces Prospecting and Sampling Results and Mobilizes Crew to Burchell Gold and Copper Project

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the "Company" or "Bold") is pleased to announce the results of a prospecting and sampling program on its Burchell Gold and Copper Property (the "Property"), located within the Shebandowan Greenstone Belt, approximately 100 km west of Thunder Bay, Ontario. 209 grab samples and 42 channel samples were collected in total. The goal of this phase of work was preparation for a mechanical stripping, sampling and geological mapping program at the 111 Zone gold showing and surroundings. A crew has been mobilized for the mechanical stripping program which will commence immediately.

Highlights from the program include:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Heritage Mining Plans Aggressive Program at Zone 3 Extension Mega-Quartz Vein System at its Flagship Drayton-Black Lake Project

Heritage Mining Plans Aggressive Program at Zone 3 Extension Mega-Quartz Vein System at its Flagship Drayton-Black Lake Project

/ NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Quetzal Copper Announces Refiling of June 30, 2025 Financial Statements

Quetzal Copper Announces Refiling of June 30, 2025 Financial Statements

Quetzal Copper Ltd. (TSXV: Q,OTC:QTZCF) ("Quetzal" or the "Company") announces that it has refiled its interim financial statements and management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2025 (the "Q2 2025 Financial Statements"). The original filings were made on August 28, 2025.

The amendment was made to correct and clarify disclosure relating to the Company's share-based compensation. The Q2 2025 financials originally filed on August 28, 2025 did not reflect the correct number of options and warrants outstanding, and the share-based compensation related to the January 15, 2025 option grant was not accounted for. In this refiling, the correct number of outstanding options and warrants and the share-based compensation related to the January 15, 2025 option grant have now been properly reflected and accounted.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Two Pools Project expands with new tenement applications

Two Pools Project expands with new tenement applications

Corazon Mining (CZN:AU) has announced Two Pools Project expands with new tenement applications

Download the PDF here.

Angkor Resources Receives Approval to Incorporate Mussel Basin into Block VIII Oil and Gas License, Cambodia

Angkor Resources Receives Approval to Incorporate Mussel Basin into Block VIII Oil and Gas License, Cambodia

(TheNewswire)

GRANDE PRAIRIE, ALBERTA (September 10, 2025) TheNewswire - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces its subsidiary, EnerCam Resources Co. Ltd. (Cambodia) ("EnerCam") has received approval from government authorities of Ministry of Mines and Energy for an additional 220 square kilometers added within the Block VIII boundaries, referred to as the Mussel Basin.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×