So, from today's news, the share price closes at $.32 and management feels like they can't get that price in the market, so they sell 17 million shares at $.20 with a full warrant at $.25?????????
Dropping to $.20 tomorrow?
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2024) - Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) (FSE: 070) ("Renegade" or the "Company") announces that it has arranged a private placement of up to 17,000,000 units (the "Units") at $0.20 per Unit for total gross proceeds of up to $3,400,000 (the "Placement"). Each Unit will consist of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share for a period of three years from date of issue at a price of $0.25 per share.