Red Canyon Resources Ltd. announced a private placement of 2,580,000 charity flow through units at a price of CAD 0.3696 per unit for the gross proceeds of CAD 953,568 on June 5, 2024. Each Charity FT Unit consists of one flow-through common share of the Company and one-half of one common share purchase warrant. Each warrant is exercisable into one common share of the company at a price of CAD 0.30 for a 24 month term.

The closing of the Charity FT Offering is subject to certain conditions including, but not limited to, approval of the CSE and receipt of all required regulatory and other approvals. All securities issued will be subject to a statutory hold period of four months and one day.