Troubadour Announces Withdrawal of Non-Brokered Private Placements

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Troubadour Resources (TSXV:TR / OTC:PROXY:TROUF) announced it has withdrawn its previously announced non-brokered private placements of units and flow-through units on March 23, 2026.

The company elected not to proceed with the Offerings at this time and said it will continue to evaluate financing alternatives as it advances its business objectives.

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In the Apr 2 session, TROUF declined 4.60%, reflecting a moderate negative market reaction.

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VANCOUVER, BC / ACCESS Newswire / March 23, 2026 / Troubadour Resources Inc. ("TR", "Troubadour" or, the "Company") (TSXV:TR)(OTC PINK:TROUF)(FSE:2QD0) (WKN: A3DBDE) announces that it has withdrawn its previously announced non-brokered private placements of units and flow-through units (collectively, the "Offerings"), as originally disclosed in its news releases dated February 18, 2026 .

The Company has elected not to proceed with the Offerings at this time.

The Company will continue to evaluate financing alternatives as it advances its business objectives.

About Troubadour Resources Inc.

Troubadour Resources Inc. is a North American mineral acquisition and exploration company focused on the development of quality critical mineral and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Troubadour trades on the TSX Venture Exchange under the symbol TR, the OTC Markets under the symbol TROUF, and on the Frankfurt, Berlin and Tradegate Stock Exchanges under the symbol 2QD0/WKN: A3DBDE.

TROUBADOUR RESOURCES INC.

Zachary Kotowych, CEO and Director

For more information, please email Zachary Kotowych at zkotowych@gmail.com or call (437) 855 - 4540

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

Forward-looking statements:

This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the Company's evaluation of potential future financing alternatives and the advancement of its business objectives.

Forward-looking information is based on a number of assumptions, including, but not limited to, general business and economic conditions, the availability of financing on acceptable terms, and the Company's ability to execute its business plans. Such forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking information, including, without limitation, risks related to capital market conditions, the availability of financing, regulatory approvals, and general economic and market conditions.

Readers are cautioned that forward-looking information is not based on historical facts but instead reflects management's expectations, estimates or projections concerning future results or events. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by applicable law.

SOURCE: Troubadour Resources Inc.

View the original press release on ACCESS Newswire

FAQ

Why did Troubadour Resources (TROUF) withdraw the non-brokered private placements on March 23, 2026?

They elected not to proceed with the private placements and formally withdrew the Offerings on March 23, 2026. According to the company, it will continue to evaluate financing alternatives while advancing its business objectives, but no financial terms or timeline were disclosed.

Does the withdrawal of the TROUF private placements mean Troubadour Resources has secured alternate financing?

No, the withdrawal does not indicate secured alternate financing at this time. According to the company, it has elected not to proceed and is continuing to evaluate financing alternatives without announcing any specific commitments or timelines.

How will the withdrawal of the TROUF private placements affect current shareholders?

The company did not state immediate shareholder impacts following the withdrawal of the Offerings. According to the company, it will explore other financing options, and any material effects on shareholders would depend on future financing decisions and disclosed terms.

Was a reason given by Troubadour Resources (TROUF) for not proceeding with the Offerings announced February 18, 2026?

No specific reason beyond the decision not to proceed was provided by the company. According to the company, it has elected not to proceed with the Offerings and will evaluate other financing alternatives as it advances its objectives.

Will Troubadour Resources (TROUF) refile the private placements or set a new timetable?

The company did not commit to refiling or a new timetable when withdrawing the Offerings. According to the company, it will continue to evaluate financing alternatives, and any future placements or timelines would be announced separately if decided.