Trifecta Gold Announces Fully Subscribed $5.3 Million Private Placement with Lead Order from Crescat
Rhea-AI Summary
Trifecta Gold (TRRFF) has announced a $5.31 million private placement with Crescat Capital as the lead investor. The offering includes up to 12,790,000 Charity Flow-Through Units at $0.38 per unit and 1,668,704 units at $0.27 per unit.
Each Charity Flow-Through Unit comprises one common share and half a warrant, with each full warrant allowing purchase of one common share at $0.40 within 24 months. The proceeds will fund Canadian exploration expenses qualifying as flow-through mining expenditures, to be renounced by December 31, 2025.
Following the placement, Crescat will become a major shareholder with 9.9% ownership, while Condire Investors maintains its 19.9% stake. The funds will support systematic follow-up on 2024 discoveries at the Mt. Hinton and Rye projects. All issued shares will have a four-month hold period, pending TSX Venture Exchange approval.
Positive
- Secured significant $5.31 million financing for exploration activities
- Strategic investment from Crescat Capital becoming 9.9% shareholder
- Maintained strong backing from Condire Investors at 19.9% ownership
- Flow-through structure provides tax advantages for Canadian investors
Negative
- Potential dilution for existing shareholders through new share issuance
- Warrants at $0.40 could lead to additional future dilution if exercised
News Market Reaction
On the day this news was published, TRRFF gained 10.91%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
VANCOUVER, BC / ACCESS Newswire / April 22, 2025 / Trifecta Gold Ltd. (TSXV:TG)(OTCQB:TRRFF) ("Trifecta" or the "Company") announces a private placement (the "Offering") of up to
The gross proceeds from the Charity Flow-Through Units will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Income Tax Act (Canada)) (the "Qualifying Expenditures"). The Qualifying Expenditures will be renounced in favour of the subscribers with an effective date no later than December 31, 2025.
All of the shares issued pursuant to this private placement, including any shares that may be issued pursuant to the exercise of the warrants, will be subject to a hold period in Canada of four months plus one day from closing. The proceeds from this private placement, which is subject to TSX Venture Exchange acceptance, will be used to fund exploration activities and for working capital purposes.
"We are impressed by Trifecta's gold target at Rye in the highly prospective Tombstone gold belt. We have made other successful early-stage investments in companies that have made significant, highly economic gold discoveries in this belt. Trifecta's Rye target has many of the same signatures of those successes. We can't wait to see them get busy with further fieldwork, trenching, and drilling, and are happy to support them with capital for this effort." - Kevin Smith, CFA, Founder and CEO of Crescat Capital.
"Trifecta is pleased to welcome Crescat as a new major shareholder at
Certain insiders of Trifecta may participate in the private placement, with full particulars of such participation to be included in the news release announcing the closing of the private placement.
About the Tombstone Gold Belt
Extending more than 1000 km from the Fairbanks district in Alaska eastward across the entire width of Yukon, the Tombstone Gold Belt hosts many large Reduced Intrusion-Related Gold System (RIRGS) mines such as Fort Knox in Alaska (>10 million oz), Eagle and Olive in Yukon (>4 million oz) and the past-producing Brewery Creek Mine, also in Yukon. Since May 2020 over 17 million additional ounces of gold have been discovered in the Yukon portion of the belt, including Snowline Gold's Tier 1 Valley discovery, Sitka Gold's RC deposit, Banyan Gold's AurMac deposits and Victoria Gold's Raven deposit.
Tombstone Gold Belt systems are characterized by sheeted, auriferous quartz veins forming in the carapace zones of Cretaceous-age plutons. They have a characteristic geochemical signature with a gold-bismuth-tellurium±tungsten core within a broader gold-arsenic halo. The deposits are found within and surrounding the reduced intrusions and typically exhibit a geophysical signature comprising a magnetic low (ie. reduced) coinciding with at conductivity low. Veining in RIRGS systems is typically zoned with a core of sheeted veins in source intrusion surrounded by more discrete gold-arsenic veins and more distal silver-lead-zinc veins.
About Trifecta Gold Ltd.
Trifecta is a Canadian-based precious metals exploration company dedicated to increasing shareholder value through the discovery and development of
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. |
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.
SOURCE: Trifecta Gold Ltd.
View the original press release on ACCESS Newswire
FAQ
What is the size and structure of Trifecta Gold's (TRRFF) private placement announced in April 2025?
How will TRRFF use the proceeds from the 2025 private placement?
What is Crescat Capital's ownership stake in Trifecta Gold (TRRFF) after the private placement?
When will the TRRFF shares issued in this private placement become freely tradeable?
