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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.