AJN Resources Inc. Boosts Exploration with $651,700 Private Placement
Monday, Nov 11, 2024 6:44 pm ET
1min read AJN Resources Inc. (CSE: AJN) (FSE: 5AT) has announced its intention to close a non-brokered private placement of units, raising $651,700. This strategic financing will enable the company to further its exploration efforts in the lithium-rich LCT pegmatite corridor in the Democratic Republic of the Congo (DRC). With a focus on lithium, tin, tantalum, and precious metals, AJN is well-positioned to capitalize on the untapped commodity potential in Africa.
The private placement, set to close on or around November 15, 2024, will see the issuance of 5,430,833 Units at $0.12 per Unit. Each Unit will consist of one common share and one share purchase warrant, exercisable at $0.15 per Warrant Share for a two-year period. The securities issued and any Warrant Shares will be subject to a four-month statutory hold period.
AJN's management, with over 20 years of experience operating in the DRC, is actively working to prospect the area, scale operations, and provide exciting investment opportunities. The net proceeds from the private placement will be used for property exploration, the acquisition of mineral properties, and working capital, further strengthening AJN's position in the DRC's mineral-rich landscape.
The company's strategic location within the broader LCT pegmatite corridor, which hosts the world-renowned 669Mt at 1.61% Li2O deposits at Manono, offers excellent potential for new lithium discoveries. AJN's projects are located in one of the richest known lithium mining districts, with a proven track record of high yield, high-quality lithium discoveries.
The completion of this financing round will significantly boost AJN's exploration and development activities in the DRC. With a focus on lithium, tin, tantalum, and precious metals, AJN is well-positioned to capitalize on the untapped commodity potential in Africa. The company's experienced management team and strategic location within the LCT pegmatite corridor make AJN an attractive investment opportunity for those seeking exposure to the African mining sector.
As AJN Resources Inc. continues its exploration efforts in the DRC, investors should monitor the company's progress and evaluate its potential as a strategic investment in the lithium and mineral exploration sector.
The private placement, set to close on or around November 15, 2024, will see the issuance of 5,430,833 Units at $0.12 per Unit. Each Unit will consist of one common share and one share purchase warrant, exercisable at $0.15 per Warrant Share for a two-year period. The securities issued and any Warrant Shares will be subject to a four-month statutory hold period.
AJN's management, with over 20 years of experience operating in the DRC, is actively working to prospect the area, scale operations, and provide exciting investment opportunities. The net proceeds from the private placement will be used for property exploration, the acquisition of mineral properties, and working capital, further strengthening AJN's position in the DRC's mineral-rich landscape.
The company's strategic location within the broader LCT pegmatite corridor, which hosts the world-renowned 669Mt at 1.61% Li2O deposits at Manono, offers excellent potential for new lithium discoveries. AJN's projects are located in one of the richest known lithium mining districts, with a proven track record of high yield, high-quality lithium discoveries.
The completion of this financing round will significantly boost AJN's exploration and development activities in the DRC. With a focus on lithium, tin, tantalum, and precious metals, AJN is well-positioned to capitalize on the untapped commodity potential in Africa. The company's experienced management team and strategic location within the LCT pegmatite corridor make AJN an attractive investment opportunity for those seeking exposure to the African mining sector.
As AJN Resources Inc. continues its exploration efforts in the DRC, investors should monitor the company's progress and evaluate its potential as a strategic investment in the lithium and mineral exploration sector.
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