Trifecta Gold Ltd. reports precious-metals exploration developments for gold projects in Yukon, including work in the Tombstone Gold Belt. Recurring company updates cover drilling, trenching, rock sampling, gold and silver assays, geochemical analysis, and project-scale interpretation at assets such as Rye, Mount Hinton, Eureka and Treble. Earlier company updates also reference exploration at the Yuge Gold Project in northern Nevada.
News about TRRFF also includes capital-markets outreach, shareholder voting matters, capital-structure disclosure, governance items, and operating and financial results tied to its public-company status.
Trifecta Gold has completed a non-brokered private placement, raising $1,478,990 through the sale of 9,859,934 units at $0.15 per unit.
Each unit includes one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.25 until June 28, 2025.
Cash finders' fees totaling $10,665 and 66,000 finder warrants were issued to Ventum Financial Corp., Canaccord Genuity Corp., and Leede Jones Gable Inc.
All securities from this placement are subject to a hold period in Canada until October 29, 2024.
Proceeds will fund exploration activities and general working capital.
Insiders purchased 2,868,300 units, constituting a related party transaction under TSX-V Policy 5.9 and MI 61-101, utilizing exemptions from formal valuation and minority shareholder approval requirements.
Trifecta Gold announced the results of their Annual General and Special Meeting held on June 24, 2024. All proposed resolutions were approved, including the re-election of five incumbent Directors and the re-appointment of Baker Tilly WM LLP as Auditors. Key approvals included the renewal of Trifecta's Stock Option Plan and a related party transaction with Strategic Metals that allows Trifecta to acquire up to 100% of Mt. Hinton and ten other gold projects in Yukon's Tombstone Gold Belt. The company will seek final acceptance from the TSX Venture Exchange for this agreement and a private placement of up to $1,500,000 announced on May 30, 2024.
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