Trifecta Gold (TRRFF) has successfully closed a $5.32 million private placement, with Crescat Capital leading the financing and becoming a major shareholder at 9.9%. The placement included 12.79 million Charity Flow-Through Units at $0.38 each and 1.71 million ordinary units at $0.27 each. Each unit includes one-half warrant exercisable at $0.40 until May 15, 2027. The funds will support exploration of two promising gold projects in Yukon's Tintina Gold Belt: Mount Hinton and Rye. Mount Hinton, located near Hecla Mining's Keno Hill complex, will see its first drill campaign targeting a large-scale gold deposit, while the Rye project shows potential for intrusive-hosted gold discovery. The financing enables Trifecta to accelerate its earn-in under the property purchase agreement with Strategic Metals Ltd.
Trifecta Gold (TRRFF) ha completato con successo un collocamento privato da 5,32 milioni di dollari, con Crescat Capital che ha guidato il finanziamento diventando un azionista di rilievo con il 9,9%. Il collocamento ha incluso 12,79 milioni di Charity Flow-Through Units a 0,38 dollari ciascuna e 1,71 milioni di azioni ordinarie a 0,27 dollari ciascuna. Ogni unità comprende mezza warrant esercitabile a 0,40 dollari fino al 15 maggio 2027. I fondi serviranno a sostenere l'esplorazione di due promettenti progetti auriferi nella Tintina Gold Belt dello Yukon: Mount Hinton e Rye. Mount Hinton, situato vicino al complesso Keno Hill di Hecla Mining, vedrà la sua prima campagna di perforazione mirata a un deposito aurifero su larga scala, mentre il progetto Rye mostra potenzialità per una scoperta aurifera ospitata da rocce intrusive. Il finanziamento permette a Trifecta di accelerare il processo di acquisizione previsto dall'accordo con Strategic Metals Ltd.
Trifecta Gold (TRRFF) ha cerrado con éxito una colocación privada de 5,32 millones de dólares, con Crescat Capital liderando la financiación y convirtiéndose en un accionista mayoritario con el 9,9%. La colocación incluyó 12,79 millones de Charity Flow-Through Units a 0,38 dólares cada una y 1,71 millones de unidades ordinarias a 0,27 dólares cada una. Cada unidad incluye una media warrant ejercitable a 0,40 dólares hasta el 15 de mayo de 2027. Los fondos apoyarán la exploración de dos prometedores proyectos auríferos en la Tintina Gold Belt de Yukon: Mount Hinton y Rye. Mount Hinton, ubicado cerca del complejo Keno Hill de Hecla Mining, verá su primera campaña de perforación dirigida a un depósito de oro a gran escala, mientras que el proyecto Rye muestra potencial para un descubrimiento de oro alojado en intrusiones. La financiación permite a Trifecta acelerar su adquisición según el acuerdo de compra de la propiedad con Strategic Metals Ltd.
Trifecta Gold (TRRFF)는 Crescat Capital이 주도하고 9.9%의 주요 주주가 된 532만 달러 규모의 사모 투자를 성공적으로 마감했습니다. 이번 투자에는 12.79백만 Charity Flow-Through Units가 각각 0.38달러, 1.71백만 보통주가 각각 0.27달러에 포함되었습니다. 각 유닛에는 2027년 5월 15일까지 행사 가능한 0.40달러 행사가격의 반권리가 포함되어 있습니다. 이 자금은 유콘의 Tintina Gold Belt에 위치한 두 개의 유망한 금 프로젝트인 Mount Hinton과 Rye 탐사를 지원하는 데 사용됩니다. Mount Hinton은 Hecla Mining의 Keno Hill 단지 인근에 위치하며, 대규모 금 매장지를 목표로 첫 번째 시추 캠페인을 진행할 예정이며, Rye 프로젝트는 내성암에 매장된 금 발견 가능성을 보여줍니다. 이번 자금 조달로 Trifecta는 Strategic Metals Ltd와의 자산 매입 계약에 따른 인수 절차를 가속화할 수 있게 되었습니다.
Trifecta Gold (TRRFF) a réussi à clôturer un placement privé de 5,32 millions de dollars, avec Crescat Capital en tête du financement et devenant un actionnaire majeur à hauteur de 9,9%. Le placement comprenait 12,79 millions d’unités Charity Flow-Through à 0,38 $ chacune et 1,71 million d’unités ordinaires à 0,27 $ chacune. Chaque unité inclut une demi-warrant exerçable à 0,40 $ jusqu’au 15 mai 2027. Les fonds serviront à financer l’exploration de deux projets aurifères prometteurs dans la ceinture aurifère Tintina du Yukon : Mount Hinton et Rye. Mount Hinton, situé près du complexe Keno Hill de Hecla Mining, bénéficiera de sa première campagne de forage visant un dépôt d’or à grande échelle, tandis que le projet Rye présente un potentiel de découverte d’or hébergé dans des intrusions. Ce financement permet à Trifecta d’accélérer son engagement dans le cadre de l’accord d’achat de propriété avec Strategic Metals Ltd.
Trifecta Gold (TRRFF) hat erfolgreich eine Privatplatzierung in Höhe von 5,32 Millionen US-Dollar abgeschlossen, bei der Crescat Capital die Finanzierung anführte und mit einem Anteil von 9,9 % zum Hauptaktionär wurde. Die Platzierung umfasste 12,79 Millionen Charity Flow-Through Units zu je 0,38 US-Dollar und 1,71 Millionen Stammaktien zu je 0,27 US-Dollar. Jede Einheit beinhaltet eine halbe Warrant, die bis zum 15. Mai 2027 zu 0,40 US-Dollar ausgeübt werden kann. Die Mittel werden die Erkundung von zwei vielversprechenden Goldprojekten im Tintina Gold Belt des Yukon unterstützen: Mount Hinton und Rye. Mount Hinton, in der Nähe des Keno Hill-Komplexes von Hecla Mining gelegen, wird seine erste Bohrkampagne zur Erschließung einer großflächigen Goldlagerstätte erhalten, während das Rye-Projekt Potenzial für die Entdeckung von goldhaltigen Intrusionen zeigt. Die Finanzierung ermöglicht es Trifecta, den Erwerbsprozess gemäß dem Grundstückskaufvertrag mit Strategic Metals Ltd. zu beschleunigen.
Positive
Secured significant funding of $5.32 million through private placement
Strategic investment from Crescat Capital (9.9% ownership) and maintained support from Condire Investors (19.9%)
Valid class 3 permit for Mount Hinton exploration until October 2028
Projects located in prolific Tintina Gold Belt with promising gold exploration potential
Timing aligns with all-time high gold prices
Negative
Share dilution from the issuance of new units and warrants
Regulatory approvals still pending for drill testing
Additional community engagement and approvals needed for Rye project through Tu Lidlini Assessment Process
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
VANCOUVER, BC / ACCESS Newswire / May 15, 2025 / Trifecta Gold Ltd. (TSX-V:TG)(OTCQB:TRRFF) ("Trifecta" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement for total proceeds of $5,320,995 (see Trifecta's news release dated April 22, 2025). Crescat Capital lead the financing and is now a new major shareholder at 9.9%. Condire Investors also participated so as to maintain its 19.9% equity interest.
The private placement consisted of an aggregate of 12,790,000 units ("Charity Flow-Through Units") at a price of $0.38 each, and 1,706,648 ordinary units at a price of $0.27 each. Each Charity Flow-Through Unit consisted of one common share and one-half (1/2) of a common share purchase warrant (each whole warrant a "Warrant"), each of which will qualify as a "flow-through share" (within the meaning of subsection 66(15) of the Income TaxAct (Canada)). Each Warrant will entitle the holder to purchase one common share at a price of $0.40 until May 15, 2027. Each ordinary unit consisted of one common share and one-half (1/2) of a Warrant, with each Warrant also entitling the holder to purchase one common share at a price of $0.40 until May 15, 2027.
"Trifecta holds two highly prospective reduced intrusive gold systems in the prolific Tintina Gold Belt in the Yukon, Rye and Mount Hinton," states Dr. Quinton Hennigh, Geologic and Technical Advisor at Crescat Capital. "The Mount Hinton property appears to host the central core of a large, well-zoned reduced intrusive mineralizing system. The world-class Keno Hill silver veins form the peripheral halo to this complex. Trifecta holds ground that covers a series of prolific gold veins inboard from the silver halo as well as the probable intrusive source of metal itself. This summer, the Company will undertake the first ever drill campaign to test for the presence of a large-scale gold deposit associated with this intrusion. Rye, although earlier stage, shows equally compelling promise for the discovery of an intrusive-hosted gold system. Broad gold-in-soil anomalism as well as recent discovery of sheeted quartz veining with associated multi-gram per tonne gold values make this target a high priority. Trifecta is working diligently to get this project permitted, and with luck, ready to drill as soon as possible. I am very eager to see both of these exciting projects tested in 2025."
"With gold prices making all time highs, the Company now has the funding in place to complete its earn-in under the property purchase agreement with Strategic Metals Ltd. ahead of schedule (news release dated July 9, 2024)," states Richard Drechsler, President and CEO of Trifecta. "During 2024 Trifecta outlined compelling intrusion related gold targets at both its Mt. Hinton and Rye projects and we are eager to drill test both projects during 2025, subject to regulatory approvals. Trifecta is currently finalizing equipment contracts and logistical plans for both projects."
Trifecta is committed to working with local communities as it seeks to make major discoveries within Yukon's Tombstone Gold Belt. Trifecta's Mt. Hinton project is located adjacent to Hecla Mining's Keno Hill mine and mill complex, within the traditional territory of the First Nation of Na-Cho Nyäk Dun, one of 10 signatories to the Umbrella Final Agreement and a participant in the Yukon Environmental and Socioeconomic Assessment Board (YESAB). The Company holds a valid class 3 permit that allows for advanced exploration, including drilling, until October 2028. The Company's Rye project is located 14 km south of the North Canol Highway near the Macpass Project of Fireweed Metals. Rye is within the traditional territory of the Tu Lidlini Dena Council (Ross River Dena Council) which is not a signatory of the Yukon final agreements nor a party to YESAB. As such, following its 2024 exploration campaign at Rye, Trifecta engaged with the Tu Lidlini Dena Council and began the Tu Lidlini Assessment Process ("TAP"). The TAP is based on the indigenous laws, customs and protocols of the Tu Lidlini Dena Council and outlines the process for the Company to engage with the community to seek free and prior informed consent to conduct exploration.
Trifecta paid cash finders' fees totaling $38,572.20 and issued a total of 142,860 finder warrants ("Finder Warrants") to Ventum Financial Corp., of Vancouver, B.C. and to Haywood Securities Inc., of Vancouver, B.C. Each Finder Warrant will entitle the holder to purchase one common share of Trifecta until May 15, 2027 at an exercise price of $0.40 per Finder Warrant. All securities issued as part of the closing of the private placement, including any shares that may be issued pursuant to the exercise of the Warrants or the Finder Warrants, are subject to a hold period in Canada until September 16, 2025.
The gross proceeds from the sale of the Charity Flow-Through Units will be used by Trifecta to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (the "Qualifying Expenditures"). The Qualifying Expenditures will be renounced in favour of the subscribers with an effective date no later than December 31, 2025.
Insiders of Trifecta purchased a total of 2,981,574 units pursuant to the private placement. The participation of these insiders in the private placement constituted a related party transaction within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101 - "Protection of Minority Security Holders in Special Transactions" ("MI 61-101"). Trifecta has relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of insider participation in the private placement did not exceed 25 percent of Trifecta's market capitalization.
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. Trifecta has secured an option to acquire a 100% interest in Mt. Hinton, Rye and 9 other highly prospective, intrusion-related gold projects located in Yukon's Tombstone Gold Belt where over 17 million ounces of gold have been discovered since May 2020. Initial drilling at the Company's 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. Trifecta'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.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements
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.
What is the size and structure of Trifecta Gold's (TRRFF) private placement?
Trifecta Gold raised $5.32 million through 12.79 million Charity Flow-Through Units at $0.38 each and 1.71 million ordinary units at $0.27 each, with each unit including one-half warrant exercisable at $0.40 until May 15, 2027.
Who are the major investors in Trifecta Gold's (TRRFF) private placement?
Crescat Capital led the financing and became a 9.9% shareholder, while Condire Investors maintained its 19.9% equity interest.
What are Trifecta Gold's (TRRFF) main exploration projects?
Trifecta Gold's main projects are Mount Hinton and Rye, both located in Yukon's Tintina Gold Belt. Mount Hinton is adjacent to Hecla Mining's Keno Hill complex, while Rye is located 14km south of the North Canol Highway.
How will Trifecta Gold (TRRFF) use the proceeds from the private placement?
The proceeds will be used for Canadian exploration expenses, particularly for drill testing at Mount Hinton and Rye projects, and to complete the earn-in under the property purchase agreement with Strategic Metals Ltd.
When do the warrants from Trifecta Gold's (TRRFF) private placement expire?
The warrants from the private placement expire on May 15, 2027, with an exercise price of $0.40 per share.
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