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Trifecta Gold Ltd Announces Effective Date of Share Consolidation

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Trifecta Gold announces the effective date of a share consolidation, approved by the TSX Venture Exchange, to be implemented on April 25, 2024. The consolidation ratio is one-for-4, with the company's name and trading symbols remaining unchanged. The purpose of the consolidation is to streamline the public float for capital raising to fulfill obligations under an agreement with Strategic Metals Trifecta also discloses a recent binding agreement with Strategic Metals to acquire multiple gold projects in Yukon's Tombstone Gold Belt.
Trifecta Gold annuncia la data effettiva di una consolidazione delle azioni, approvata dalla TSX Venture Exchange, che sarà attuata il 25 aprile 2024. Il rapporto di consolidazione è di uno-per-4, con il nome della società e i simboli di negoziazione che restano invariati. Lo scopo della consolidazione è quello di semplificare il flottante pubblico per la raccolta di capitale al fine di soddisfare gli obblighi derivanti da un accordo con Strategic Metals. Trifecta ha inoltre reso noto un recente accordo vincolante con Strategic Metals per l'acquisizione di numerosi progetti auriferi nella cintura d'oro di Tombstone in Yukon.
Trifecta Gold anuncia la fecha efectiva de una consolidación de acciones, aprobada por la TSX Venture Exchange, que se implementará el 25 de abril de 2024. La relación de consolidación es de uno-por-4, con el nombre de la empresa y los símbolos de negociación que permanecen sin cambios. El propósito de la consolidación es optimizar el flotante público para la captación de capital destinado a cumplir con las obligaciones bajo un acuerdo con Strategic Metals. Trifecta también ha revelado un reciente acuerdo vinculante con Strategic Metals para adquirir múltiples proyectos de oro en el Cinturón de Oro de Tombstone en Yukon.
Trifecta Gold는 TSX 벤처 거래소의 승인을 받아 2024년 4월 25일에 시행될 주식 합병의 실시 날짜를 발표했습니다. 합병 비율은 1대 4이며, 회사 이름과 거래 심볼은 변경되지 않습니다. 이 합병의 목적은 Strategic Metals와의 계약을 이행하기 위해 자본을 조달하기 위한 공개 주식의 유동성을 간소화하는 것입니다. Trifecta는 또한 Strategic Metals와 속박적인 최근 계약을 통해 유콘의 Tombstone Gold Belt에서 여러 금 프로젝트를 인수할 예정임을 공개했습니다.
Trifecta Gold annonce la date effective d'une consolidation d'actions, approuvée par la TSX Venture Exchange, qui sera mise en œuvre le 25 avril 2024. Le ratio de consolidation est de un-pour-4, avec le nom de la société et les symboles de négociation restant inchangés. Le but de cette consolidation est de rationaliser le flottant public pour lever des capitaux afin de respecter les obligations découlant d'un accord avec Strategic Metals. Trifecta a également divulgué un récent accord contraignant avec Strategic Metals pour acquérir plusieurs projets d'or dans la Ceinture d'or de Tombstone au Yukon.
Trifecta Gold gibt das Wirksamkeitsdatum einer Aktienkonsolidierung bekannt, die von der TSX Venture Exchange genehmigt wurde und am 25. April 2024 umgesetzt werden soll. Das Konsolidierungsverhältnis beträgt eins-zu-4, wobei der Name der Gesellschaft und die Handelssymbole unverändert bleiben. Der Zweck der Konsolidierung ist die Straffung des öffentlichen Floats zur Kapitalbeschaffung, um Verpflichtungen aus einem Vertrag mit Strategic Metals zu erfüllen. Trifecta hat auch eine jüngste verbindliche Vereinbarung mit Strategic Metals offengelegt, um mehrere Goldprojekte im Tombstone Gold Belt in Yukon zu erwerben.
Positive
  • Trifecta Gold receives TSX Venture Exchange approval for a one-for-4 share consolidation.
  • The share consolidation will be effective on April 25, 2024, with the company's name and trading symbols remaining the same.
  • The consolidation aims to streamline the public float for capital raising to meet obligations under an agreement with Strategic Metals
  • Trifecta recently entered into a binding agreement with Strategic Metals to acquire multiple gold projects in Yukon's Tombstone Gold Belt.
  • The Company plans to seek disinterested shareholder approval for the Non-Arm's Length Transaction at its upcoming Annual General and Special Meeting on June 24th, 2024.
Negative
  • None.

VANCOUVER, BC / ACCESSWIRE / April 22, 2024 / Trifecta Gold Ltd. (TSXV:TG) (OTCQB:TRRFF) ("Trifecta" or the "Company") announces that further to its news release dated March 1, 2024, Trifecta has received approval from the TSX Venture Exchange for its one-for-4 share consolidation. The consolidation will be effective at market open April 25, 2024. The Company name will be unchanged, and its common shares will continue to trade under the symbol TG on the TSX Venture Exchange and under the symbol TRRFF on the OTC Markets.

In accordance with the articles and bylaws of the Company, the consolidation was approved by the board of directors of the Company, and shareholder approval is not required. There are currently 80,099,286 shares of Trifecta issued and outstanding, and there will be approximately 20,024,822 shares issued and outstanding post-consolidation. The reason for the consolidation is to tighten the public float so as to facilitate the raising of the required capital to fund Trifecta's obligations under its agreement with Strategic Metals Ltd.

Trifecta recently announced that it entered into a binding agreement with Strategic Metals Ltd. to acquire up to 100% of Mt. Hinton and 10 other highly prospective, intrusion-related gold projects located in Yukon's Tombstone Gold Belt. This is a Non-Arm's Length Transaction so under MI 61-101 the Company plans to seek disinterested shareholder approval at its upcoming Annual General and Special Meeting on June 24th, 2024.

About Trifecta Gold Ltd.

Trifecta is a Canadian-based precious metals exploration company dedicated to increasing shareholder value through the discovery and development of 100% held gold projects in Yukon and Nevada. Initial drilling at its Yuge Gold Project, located in northern Nevada, has identified multiple broad zones of gold mineralization near historical high-grade mines. The Company's Eureka Project hosts an 8 x 2.5 kilometre belt of surface showings and anomalous gold-in-soil that straddle the headwaters of two of the most productive placer creeks in Yukon's southern Klondike Goldfields. The Company's Treble Project covers a large hydrothermal system, located midway between Western Copper and Gold Corporation's Casino Deposit, the largest copper and gold deposit in the Yukon, and Rockhaven Resources Ltd.'s Klaza Deposit, a high-grade gold-silver deposit.

ON BEHALF OF THE BOARD

"Richard Drechsler"
President and CEO

For further information concerning Trifecta or its various exploration projects please visit www.trifectagold.com or contact:

Corporate Information

Trifecta Gold Ltd.
Richard Drechsler
President and CEO
Tel: (604) 687-2522

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: Trifecta Gold Ltd.



View the original press release on accesswire.com

FAQ

When will Trifecta Gold 's share consolidation be effective?

Trifecta Gold 's share consolidation will be effective on April 25, 2024.

What is the purpose of Trifecta Gold 's share consolidation?

The purpose of the share consolidation is to tighten the public float to facilitate raising capital for fulfilling obligations under an agreement with Strategic Metals

What recent agreement did Trifecta Gold enter into?

Trifecta Gold recently entered into a binding agreement with Strategic Metals to acquire multiple gold projects in Yukon's Tombstone Gold Belt.

When will Trifecta Gold seek disinterested shareholder approval for the recent agreement?

Trifecta Gold plans to seek disinterested shareholder approval at its upcoming Annual General and Special Meeting on June 24th, 2024.

TRIFECTA GOLD LTD

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