Hong Kong, Hong Kong — January 12, 2026 — Leads & Copy —
Raging River Capital Limited announced on November 19, 2025, that it participated in a non-brokered private placement with AJN Resources Inc. The placement involved Raging River purchasing units of AJN at $0.10 per unit, resulting in gross proceeds of $3,000,000 through the issuance of 30,000,000 units.
Each unit consists of one common share of AJN and one share purchase warrant. The warrants allow Raging River to buy an additional common share at an exercise price of $0.15 per warrant share for a two-year period.
The securities from the private placement, and any warrant shares issued upon exercise of warrants, are restricted from trading until March 20, 2026. The CSE has informed AJN that Raging River cannot vote more than 19.9% of AJN’s outstanding shares until the private placement is approved by AJN’s shareholders.
Before the private placement, Raging River did not own any securities of AJN.
Following the private placement, Raging River now owns or controls 30,000,000 common shares and 30,000,000 warrants. This represents approximately 28.84% of the issued and outstanding common shares as of the report date on a non-diluted basis, and about 44.76% when assuming the exercise of all 30,000,000 warrants and no additional issuance of common shares.
Raging River holds all securities in AJN, including the common shares, for investment purposes. Raging River may potentially purchase more shares of AJN through open market or private transactions, engage in a corporate transaction such as a merger, reorganization, or liquidation involving AJN, or sell its holdings in the open market or privately negotiated transactions. Alternatively, Raging River may choose to maintain its current positions.
An early warning report regarding the common shares will be available on SEDAR+ under AJN Resources Inc.’s profile at www.sedarplus.ca. It can also be obtained by contacting Raging River Capital Limited at +852 (728) 115 9119. Raging River Capital Limited’s head office is located at Flat 02, Blk B, 2/F, Hoover Industrial Building, 26-38, Kwai Cheong Road, Kwai Chung, New Territories, Hong Kong.
Neither the Canadian Securities Exchange nor its Market Regulator accepts responsibility for the adequacy or accuracy of this release.
Contact: +852 (728) 115 9119
Source: Raging River Capital Limited
