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Trojan Gold Inc. (TRJGF) is an Ontario-based prospect generator junior exploration company focused on defining and monetizing mineral deposits in historically prolific gold camps in Northern Ontario. The company recently signed an option agreement to acquire a 50% interest in the Paulpic-Wascanna gold property, covering two significant gold deposits and under-explored gold occurrences. Led by a team of experienced professionals, Trojan aims to explore its land positions in the Hemlo Gold Camp and Shebandowan Greenstone Belt for further mineral potential.
Trojan Gold Inc. (CSE: TGII) has completed a non-brokered private placement, issuing 1,454,452 Units at $0.05 per Unit, generating total gross proceeds of $72,722.62. The transaction settled existing company debts. Each Unit consists of one common share and one purchase warrant, with warrants exercisable at $0.10 for 24 months from closing. The securities are subject to a four-month and one-day hold period, and no finder's fees were paid for this offering.
Trojan Gold Inc. (CSE: TGII) (OTC Pink: TRJGF) has commissioned J.D. Barnes to perform a land survey of the mining claim covering the Wascanna Shaft on the Paulpic-Wascanna gold property. This survey supports the application for a Mining and Surface Rights Lease, which is necessary for potential advanced exploration activities, including possible future underground development.
The company is also pursuing an Early Exploration Permit for surface diamond drilling, sampling of historical gold-bearing rock stockpiles, and channel sampling of the Wascanna vein system. The Paulpic-Wascanna property, located in the Beardmore-Geraldton-Tashota greenstone belt of Northwestern Ontario, comprises four mining leases and twenty-five mining claims, covering two significant gold deposits and several under-explored gold occurrences.
Trojan Gold has filed an amended offering document for its non-brokered private placement, initially announced on May 17, 2024. The offering entails the sale of up to 8,000,000 units and 5,000,000 flow-through units priced at CDN$0.05 and CDN$0.10, respectively. The total proceeds are projected to be between CDN$350,000 and CDN$900,000. Each unit includes one common share and a half warrant, allowing the purchase of additional shares at CDN$0.08 and CDN$0.12 over 24 months. The warrants' expiry can accelerate if the stock price reaches CDN$0.20 for five consecutive days. The funds will be used for exploration projects in Helmo South, Paulpic/Adair-Wascanna, and Watershed properties, as well as general working capital. The amended document is available on SEDAR and the company's website.
Trojan Gold announced a non-brokered private placement, offering up to 10,000,000 units at CDN$0.05 per Unit and 5,000,000 flow-through units at CDN$0.10 per FT Unit, aiming to raise between CDN$350,000 and CDN$1,000,000.
Each Unit includes one common share and half a warrant to purchase a share at CDN$0.08 within 24 months, while each FT Unit includes one flow-through share and half a warrant to purchase a share at CDN$0.12 within 24 months. Warrants may expire early if the shares trade at CDN$0.20 or higher for five consecutive days. Proceeds will fund exploration programs and general working capital.
Trojan Gold (CSE: TGII) has issued 5 million common shares at $0.05 per share to third parties. This is in relation to an option agreement mentioned in an April 25, 2024, press release. The shares are subject to a four-month and one-day hold period.
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