Renegade Gold Inc V.RAGE

Alternate Symbol(s): TGLDF

Metals & Mining Gold

Renegade Gold Inc. is a Canada-based company, which is engaged in the business of acquisition, exploration and development of mineral properties located in the Red Lake Mining District of Northern Ontario. Its principal business activity is the exploration and evaluation of mineral assets. The Company holds over 1,200 square kilometers of property in the Red Lake gold district of Ontario, including key areas adjacent to Evolution’s Red Lake Mine, Kinross’ Great Bear Project, West Lake Gold Mine’s Madsen Mine and First Mining Gold’s Springpole Project. It holds a 100% interest in the Newman Todd properties (the NT Project). Its Red Lake Gold Property is a 16,900 hectares (ha) land package strategically located between the Madsen Mine, Kinross’ Dixie Project, and Evolution Mining’s Red Lake mines. Its Confederation Belt Property covers 57,000 ha and spans 65 kilometers (km). The Sidace Project is located 28 km northeast of Red Lake, at the northern extent of the Red Lake Greenstone Belt.

TSXV:RAGE - Post by User

Renegade Gold Inc

Bullboard Posts

Comment by carinthianon Jan 12, 2016 1:19pm

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Post# 24450444

RE:RE:RE:True Gold signs $10 million equipment finance facility

If they take the extra 20mio from the streaming deal they would have to deliver 30k ounces for that so the terms would be much worse for TGM and so this deal seems more reasonable paying maybe 30% interest in compund vs. 50% from the extra 20 mio option of the stream.

Best would have been if they wouldn't have needed any extra money but hey this is Junior mining...

Just my personal thoughts. DYODD
carinthian

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week