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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
AJN Resources Inc. is pleased to announce that it has appointed Miss Sheena Eckhof as member of the Board of Directors of AJN. Miss Eckhof is currently a director and Investor Relations Manager at ASX-listed Taruga Minerals Ltd.. She previously worked as Investor Relations Officer and Business Development Analyst for Independence Group NL[...]
AJN Resources Inc. is pleased to announce that it has appointed Mr. Klaus Eckhof as President and CEO. Mr. Eckhof is a geologist with more than 20 years of experience developing Mineral Deposits Ltd. throughout the globe including Africa. Mr. Eckhof worked for Mount Edon Gold Mines Ltd as Business Development Manager before it was acquired by [...]
AJN Resources Inc. is pleased to announce the results from its surface grid salt sampling program at the Company's Lithium Salt Wells project in Nevada. The sampling grid, with 67 samples on 400 meter spacing, was run to determine surface concentrations of Lithium and Boron. These lithium and boron values were then plotted and contoured to help [...]