AJN Resources Inc.

AJN Resources Inc. is pleased to announce historic Mineral Resource Estimates at Zani-Kodo and Giro Goldfields and an update on the North Congolese Gold Project where AJN has the right to acquire indirect 30-35% free carried interests on 13 licences covering 3,801km2 pursuant to the Memorandum of Understanding signed 18th January 2020 with Société Minière de Kilo-Moto SA. Highlights Zani-Kodo - Historic Mineral Resource [...]

AJN Resources Inc. is pleased to provide the following update for the Convertible Debenture financing announced February 6, 2020. The Convertible Debenture Subscription Agreement has been completed by Neo Gold Limited. Through the Convertible Debenture financing AJN will raise $1,256,115 and issue 12.56115 Convertible Debentures. Neo Gold Limited has advised AJN that the funds will be wired next week. The funds will be [...]

AJN Resources Inc. is pleased to announce that the Democratic Republic of Congo Minister of Portfolio, The Honourable, Professor Clément Kuete Nyimi Bemuna, has officially verified our Memorandum of Understanding with Société Minière de Kilo-Moto SA whereby SOKIMO proposes to convert its rights to direct participation in various gold licences into shares in AJN Resources Inc. in the DRC. The [...]

AJN Resources Inc. announces that as a result of its due diligence and further information received, it will not proceed with its proposed acquisition of SOKIMO's 10% free carried interest in the Kibali Gold Mine, as announced in AJN's news release of February 6, 2020. AJN continues to progress with its due diligence on the other projects listed in its February 6, 2020 press release. The gold licence numbers and equity [...]

AJN Resources Inc. is pleased to announce it has closed the previously announced financing to raise $2 million at $0.40 per share. The financing was oversubscribed. AJN has issued 5,000,000 shares at $0.40 per share for gross proceeds of $2,000,000. The proceeds will be used for general working capital. All shares issued will have a 4-month hold period. Finders' fees of $12,000 were paid to Nascent Capital Partners Pty [...]

AJN Resources Inc. announces that on January 18, 2020, AJN signed a Memorandum of Understand with Société Minière de Kilo-Moto SA whereby SOKIMO proposes to obtain from AJN the conversion of its rights to a direct participation in various gold licences held by SOKIMO into shares in AJN. The gold licences are located within the Kilo-Moto gold province in the north-east of the Democratic Republic of [...]

AJN Resources Inc. announces it has completed drilling at the Salt Wells lithium project near Fallon, Nevada. The difficult access on soft ground to the second hole and the loss of this hole at 100 feet meant the drilling was only partially successful. Lithium and boron values were similar to the first hole drilled with no economic grades detected. Although boron values are anomalous, AJN's target is lithium at Salt [...]

AJN Resources Inc. is pleased to announce drilling results of its first drill hole at the Salt Wells lithium project near Fallon, Nevada. A Boron bearing brine was intercepted intermittently between the surface and 280 feet . The best dissolved Boron assays were between 120 and 280 feet with the highest assay being 434 ppm. It is unknown in what form the dissolved Boron is occurring. Additional drilling is needed to [...]

AJN Resources Inc. is pleased to announce it has closed the first tranche of the previously announced financing to raise up to $2 million at $0.25 per share. Pursuant to the first tranche, AJN has issued 4,545,000 shares at $0.25 per share for gross proceeds of $1,136,250. The Proceeds will be used for general working capital. All the shares issued will have a 4 month hold. A finders fee of $14,400 was paid to Nascent [...]

AJN Resources Inc. is pleased to announce that it intends to complete a non-brokered private placement of up to 8 million shares at a price of $0.25 per share, for gross proceeds of $2,000,000 . AJN intends to use the net proceeds from the Offering for general corporate and working capital purposes. The securities issued and issuable pursuant to the Offering will be subject to a four month and one day statutory hold [...]