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Renforth Resources

Use of funds

Victoria: stripping of the previously chipped area, intended to expose underlying mineralization on surface and commissioning a maiden resource statement within the 2.5km of drilled strike at Victoria from the road to the west

Parbec: commence permitting for stripping and (2) commence permitting to dewater the decline

Description

Renforth is an active mineral exploration company engaged in the development of gold properties along the Cadillac break. The company is activley advancing the Parbec Gold Deposit and the Malartic Metals Package.

Date announced

April 24, 2025

Deal type

Non Brokered Private Placement of Flow Through Units

Agent

Unknown

Gross Proceeds (in CAD)

$250,000

Units Issued

16,666,666

Price of Units

$0.015

Regions

Canada

Warrant

(i) Each FT Unit will consist of one (1) flow through share of the Company and half of one common share purchase warrant. Each full warrant entitles its holder to purchase one common share at a price of $0.05 for a period of eighteen (18) months following the Closing Date.
(ii) Each Unit will consist of one (1) common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.05 for a period of twenty-four (24) months following the Closing Date.

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