Trojan Gold Inc. Closes a Non-Brokered Unit Offering
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) ha completato un collocamento privato senza intermediari, emettendo 1.454.452 Unit a $0,05 per Unit, generando un ricavo lordo totale di $72.722,62. La transazione ha regolato i debiti esistenti dell'azienda. Ogni Unit consiste in un'azione comune e un warrant di acquisto, con warrant esercitabili a $0,10 per 24 mesi dalla chiusura. I titoli sono soggetti a un periodo di fermo di quattro mesi e un giorno, e non sono state pagate commissioni per intermediari per questa offerta.
Trojan Gold Inc. (CSE: TGII) ha completado una colocación privada sin intermediarios, emitiendo 1.454.452 Unidades a $0,05 por Unidad, generando un ingreso bruto total de $72.722,62. La transacción liquidó las deudas existentes de la empresa. Cada Unidad consiste en una acción ordinaria y una opción de compra, con opciones ejercitables a $0,10 durante 24 meses desde el cierre. Los valores están sujetos a un período de retención de cuatro meses y un día, y no se pagaron comisiones de intermediario por esta oferta.
트로이얀 골드 주식회사 (CSE: TGII)는 중개인 없이 비공개 배치를 완료하여 1,454,452 유닛을 유닛당 $0.05에 발행하고 총 $72,722.62의 조달 수익을 생성했습니다. 이번 거래는 회사의 기존 부채를 정리했습니다. 각 유닛은 하나의 보통주와 하나의 매입 보증서로 구성되며, 보증서는 종료일로부터 24개월 동안 $0.10에 행사할 수 있습니다. 증권은 4개월 1일의 보유 기간에 따라 제한되며, 이번 제안에 대해 중개 수수료는 지급되지 않았습니다.
Trojan Gold Inc. (CSE: TGII) a réalisé un placement privé non intermédiaire, en émettant 1.454.452 unités au prix de $0,05 par unité, générant un produit brut total de $72.722,62. La transaction a réglé les dettes existantes de la société. Chaque unité se compose d'une action ordinaire et d'un bon de souscription, les bons étant exerçables à $0,10 pendant 24 mois après la clôture. Les valeurs mobilières sont soumises à une période de gel de quatre mois et un jour, et aucune commission de présentation n'a été payable pour cette offre.
Trojan Gold Inc. (CSE: TGII) hat eine nicht vermittelte Privatplatzierung abgeschlossen und 1.454.452 Einheiten zu je $0,05 ausgegeben, wodurch ein gesamter Bruttoerlös von $72.722,62 erzielt wurde. Die Transaktion tilgte bestehende Unternehmensschulden. Jede Einheit besteht aus einer Stammakte und einem Kaufwarrant, wobei die Warrants innerhalb von 24 Monaten nach Abschluss zu einem Preis von $0,10 ausgeübt werden können. Die Wertpapiere unterliegen einer Haltedauer von vier Monaten und einem Tag, und es wurden keine Vermittlungsgebühren für dieses Angebot gezahlt.
- Debt reduction of $72,722.62 through equity conversion
- No cash outlay required for debt settlement
- Potential for additional capital through warrant exercise ($145,445 if all warrants exercised)
- Share dilution through issuance of 1,454,452 new units
- Additional potential dilution if warrants are exercised
- Units issued at significant discount to market price ($0.05)
Toronto, Ontario--(Newsfile Corp. - December 31, 2024) - Trojan Gold Inc. (CSE: TGII) (the "Company") is pleased to announce that it has closed a non-brokered private placement of units ("Units") through the issuance of 1,454,452 Units at a price of
The Units are composed of one common share in the capital of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company for a period of 24 months from the closing date at an exercise price of
All securities comprising the Units are subject to a four-month and one-day hold period from the closing date. No finders' fees were paid in connection with the issuance of the Units.
About Trojan Gold Inc.
Trojan is an active Ontario-based prospect generator junior exploration company, led by a team of professionals having exploration, engineering, project financing and permitting experience. Trojan has accumulated land positions in the Hemlo Gold Camp and Shebandowan Greenstone Belt which in management's view represent mineral exploration potential. For further information on the Company, please visit www.trojangold.com. Trojan is listed on the Canadian Securities Exchange under the symbol (CSE: TGII), on the OTC Pink Market under the ticker symbol TRJGF and on the Frankfurt Exchange under the symbol KC1.
For further information, please contact:
Charles J. Elbourne, President & CEO
Trojan Gold Inc.
82 Richmond St. East, Suite 401 Toronto, Ontario M5C 1P1
Telephone: 416-315-6490
Email: elbourne007@gmail.com
Website: www.trojangold.com
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Forward-looking information contained in this press release includes, but is not limited to, potential future exploration potential and success of such exploration activities.
Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company that will allow it to undertake exploration activities on its properties.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, the impact of the recovery post COVID 19 pandemic and its impact on precious metals; there being no assurance that the exploration program will result in expanded mineral resources; risks and uncertainties inherent to any mineral resource estimates; receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future gold and other metal prices; accidents, labour disputes and shortages; environmental and other risks of the mining industry.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235520
FAQ
How much did Trojan Gold (TGII) raise in its December 2024 private placement?
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