AJN Resources Inc (CSE:AJN), a junior exploration company with a focus on Africa, plans to close a non-brokered private placement of 5,430,833 units at $0.12 per unit, raising $651,700.
Each unit consists of one common share and one share purchase warrant, exercisable at $0.15 for two years.
The proceeds will fund property exploration, mineral acquisitions, and working capital.