Troy Minerals Announces Life Offering
Rhea-AI Summary
Troy Minerals (OTCQB:TROYF) has announced a private placement offering of 10,000,000 to 15,000,000 units at $0.10 per unit, aiming to raise up to $1.5 million in gross proceeds. Each unit consists of one common share and one-half of a common share purchase warrant.
The warrants will allow holders to purchase additional common shares at $0.15 per share for a two-year period. The proceeds will fund exploration projects in British Columbia, Mongolia, and Wyoming, along with marketing, working capital, and general corporate purposes. The offering is expected to close by July 31, 2025.
The units will be offered through the listed issuer financing exemption in British Columbia and Ontario, with warrant-underlying shares subject to a four-month contractual hold period. The offering requires CSE approval, and the company may pay finder's fees in accordance with CSE policies.
Positive
- Potential to raise up to $1.5 million in new capital
- Proceeds will advance exploration projects across three regions
- Securities issued to Canadian residents will not be subject to resale restrictions
- Warrant exercise could provide additional future funding at $0.15 per share
Negative
- Significant dilution for existing shareholders
- Offering price of $0.10 per unit may represent a discount to market price
- No guarantee of raising the maximum amount
- Additional dilution possible if warrants are exercised
News Market Reaction
On the day this news was published, TROYF gained 7.63%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Not for distribution in the U.S. or to U.S. Newswire services
VANCOUVER, BC / ACCESS Newswire / June 30, 2025 / Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce a private placement offering (the "Offering") of a minimum of 10,000,000 units of the Company (each a "Unit") and up to a maximum of 15,000,000 Units at a price of
Each Unit will be comprised of one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire an additional common share at a price of
The proceeds of the Offering are expected to be allocated to the advancement of the Company's exploration projects in British Columbia, Mongolia and Wyoming, as well as for marketing, working capital and general corporate purpose.
The Units will be offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") in the provinces of British Columbia and Ontario. Pursuant to NI 45-106, the securities forming part of the Units issued to Canadian resident subscribers under the Offering will not be subject to resale restrictions, however the shares underlying the warrants will be subject to a contractual four month hold period from the date of issuance.
There is an offering document related to this Offering that can be accessed under the Company's profile at https://www.sedarplus.ca at the Company's website https://troyminerals.com/. Prospective investors should read this offering document before making an investment decision.
The Offering is expected to close on or about July 31, 2025, or such other date that is within 45 days from June 30, 2025, as the Company may agree. The Offering remains subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE. The Company may pay finders fees in accordance with CSE policies on all or part of the Offering.
ON BEHALF OF THE BOARD,
Rana Vig | CEO and Director
Telephone: 604-218-4766 rana@ranavig.com
Forward-Looking Statements
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to the intended use of funds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Troy Minerals Inc.
View the original press release on ACCESS Newswire
FAQ
What is the size of Troy Minerals' (TROYF) private placement offering in 2025?
What are the terms of TROYF's warrant offering in the July 2025 placement?
How will Troy Minerals use the proceeds from its 2025 private placement?
When will Troy Minerals' (TROYF) 2025 private placement close?
What are the resale restrictions for TROYF's private placement securities?
