AJN Resources closed a non-brokered private placement, raising $500,000 by issuing 5 million units at $0.10 each.
Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.15 within four years.
The company also settled $150,000 in debt owed to two directors through the issuance of 1,500,000 units. Together with insider participation, insiders acquired approximately 46.2% of the total units issued.