Mr. Klaus Eckhof reports
AJN RESOURCES INC. ANNOUNCES PRIVATE PLACEMENT OFFERING AND PROPOSED DEBT SETTLEMENT
AJN Resources Inc. has arranged a non-brokered private placement offering of units in the capital of the company at a price of 10 cents per unit for anticipated gross proceeds of at least $500,000. Each unit will consist of one common share and one share purchase warrant, where each warrant will entitle the holder to purchase one additional common share at an exercise price of 15 cents per warrant share for a four-year period.
In addition, the company is proposing to settle certain indebtedness through the issuance of units at a deemed price of 10 cents per unit.
AJN intends to use the net proceeds from the offering for exploration on the company's properties and for working capital purposes. A finder's fee may be payable with respect to a portion of the offering. The securities issued and issuable pursuant to the offering and the debt settlement transaction will be subject to a four-month-and-one-day statutory hold period. The issuance of the units will not result in a change of control or materially affect control of the company.
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.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.