AJN Resources Inc. has arranged a non-brokered private placement offering to issue 5,000,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 500,000 on July 16, 2024. Each unit will consist of one common share and one share purchase warrant, where each warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.15 per warrant share for a four-year period. A finder's fee may be payable with respect to a portion of the offering.

The securities issued and issuable pursuant to the offering and the debt settlement transaction will be subject to a four-month-and-one-day statutory hold period. The issuance of the units will not result in a change of control or materially affect control of the company.