TRANS CANADA GOLD CORP - RCTRF STOCK NEWS

Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) has received approval for a new trading symbol on the OTCQB Venture Market. Starting July 23, 2024, the company's common shares will trade under the symbol 'TTGXF'. The shares remain DTC eligible, enhancing liquidity and execution speeds for U.S. investors. This change aligns with the company's strategy to attract a broader base of American and International investors.

Trans Canada Gold Corp. is an oil and gas resource development and mineral exploration company, focusing on developing and drilling conventional heavy oil exploration properties in Alberta, Canada. The company works with Croverro Energy and has a team of experienced professionals in exploration, production, and drilling.

Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:RCTRF) has completed its ninth full month of steady oil production in June 2024, shipping 5,435 barrels from its Lloydminster multilateral horizontal heavy oil well. The well has produced at an average daily rate of 181 bbl/d gross (34.0 bbl/d net) to the Company since October 6th, 2023, surpassing the 50,000-barrel production benchmark.

The Company has strengthened its position by acquiring new leases and land, preparing to drill a second multilateral well this summer. This new well is expected to contact over 3000 meters of oil reservoir in the General Petroleum Sand. Trans Canada Gold Corp. continues to explore additional drilling opportunities in Canada and the United States, leveraging the operational TMX pipeline and forecasted high oil prices.

Trans Canada Gold Corp. (TSX-V:TTG)(OTCQB:RCTRF) has bolstered its land and lease holdings, signing an additional lease and acquiring two strategic properties through an AMI in a Farmout Agreement dated November 1, 2022. The company is set to drill a new multilateral well this summer, targeting over 3000 meters of oil reservoir in the General Petroleum sand. The preparation for drilling is underway with pre-planning and equipment purchasing in progress. CEO Tim Coupland highlighted the stabilization of global oil prices and the operational Canadian TMX pipeline as supportive factors for future drilling opportunities and property acquisitions. Trans Canada Gold focuses on oil and gas resource development in Alberta, Canada, working with Croverro Energy to enhance its production capabilities and revenue from multilateral wells.

Trans Canada Gold Corp. completed its ninth consecutive month of steady oil production in June 2024. The company drilled its first multilateral well in October 2023, discovering oil throughout the 2675 meters of the Sparky formation, producing over 50,000 barrels to date. They recently acquired two strategic land holdings under an AMI agreement and are preparing to drill a new multilateral well this summer, expected to reach over 3000 meters of oil reservoir. Trans Canada Gold partners with Croverro Energy for operations and seeks additional drilling opportunities with senior oil and gas companies to expand their inventory.

Trans Canada Gold Corp. has successfully closed a non-brokered private placement financing, raising $349,000 through the sale of 6,980,000 units at $0.05 each. The funds will support drilling activities in summer 2024, targeting the General Petroleum (GP) sand via a new multilateral well. Insiders participated significantly, with Tim Coupland acquiring 3,950,000 shares, increasing his control from 1.22% to 8.76%. The offering is classified as a 'related party transaction' under MI 61-101. The raised funds will also cover exploration costs, legal fees, and general working capital. The securities issued are subject to a four-month hold period, expiring October 19, 2024. No finders' fees were paid, and the offering awaits final TSX Venture Exchange approval.

Trans Canada Gold Corp. (OTCQB:RCTRF) reported successful oil production for eight consecutive months, shipping 6,203 barrels in May from its Lloydminster multilateral horizontal heavy oil well.

The well has a daily average production rate of 185 barrels gross (37.5 barrels net to the company) and has surpassed the 50,000-barrel milestone, with a total production of 51,439 barrels.

The company owns an 18.75% working interest in the well.

Future plans include drilling another multilateral well targeting over 3,000 meters of oil reservoir once final permits are received.

Trans Canada recently acquired additional land and leases, enhancing its production capabilities.

The company collaborates with Croverro Energy and is exploring further opportunities in Canada and the US.

With rising global oil prices, Trans Canada aims to pursue additional drilling and acquisitions.

Trans Canada Gold Corp. (TSXV: TTG, OTCQB: RCTRF) announced it is preparing to drill its second multilateral well in mid-July. This follows the successful completion of the first Croverro 7HZ Well in October 2023, which encountered oil throughout the 2,675 meters of lateral oil pay in the Sparky formation and has produced over 50,000 barrels of oil to date. The new multilateral well is expected to contact 3,000 meters of oil reservoir in the General Petroleum sand.

The company has strengthened its land position with two new land and lease acquisitions under a Farmout Agreement dated November 1, 2022. With steady oil prices and the recent startup of the TMX pipeline, the company aims to build cash reserves and pursue further drilling opportunities in Alberta and Saskatchewan. The focus is on cost-effective oil production with a smaller surface footprint.

Trans Canada Gold Corp. (TSX-V:TTG, OTCQB:RCTRF) has completed eight full months of steady oil production in May 2024 from its Lloydminster Multilateral Horizontal Heavy Oil Well. The company plans to release final May production numbers soon. Since October 2023, the Croverro 7HZ Well has produced over 45,236 barrels of oil. Trans Canada has also acquired strategic land and lease positions and is preparing to drill a second multilateral well in mid-July 2024. The new well is expected to access over 3000 meters of oil reservoir in the General Petroleum sand. The company is optimistic about future drilling opportunities due to steady global oil prices and the recent startup of the TMX pipeline. Drilling multilateral wells is noted for cost efficiency and increased exposure to larger oil pay zones.