AJN Resources Inc. announced a non-brokered private placement of up to 16,000,000 units at a price of CAD 0.25 per unit, for gross proceeds of up to CAD 4,000,000 on July 26, 2023. Each unit will be comprised of one common share and one share purchase warrant with each warrant exercisable at CAD 0.3 per share for a period of two year from closing of the offering. A finder's fee will be payable with respect to a portion of the offering.

The securities issued and issuable pursuant to the offering will be subject to a four-month-and-one-day statutory hold period.