Trifecta Gold Announces Private Placements
Rhea-AI Summary
Trifecta Gold (OTCQB:TRRFF) announced non-brokered private placements of up to 4,000,000 flow-through shares at $0.20 and up to 3,000,000 common shares at $0.17. Insiders may participate. Proceeds will fund Yukon exploration and working capital, subject to TSX Venture approval and a four-month-plus-one-day hold.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Potential issuance of up to 4,000,000 flow-through shares at $0.20
- Potential issuance of up to 3,000,000 common shares at $0.17
- Proceeds earmarked to fund exploration activities in the Tombstone Gold Belt
- Additional funds allocated to general working capital purposes
Negative
- Up to 7,000,000 new shares may dilute existing Trifecta Gold shareholders
- Private placements remain subject to TSX Venture Exchange approval
- New securities carry a four-month-plus-one-day hold period in Canada
- Payment of finder's fees increases the cost of raising capital
News Market Reaction – TRRFF
On the day this news was published, TRRFF gained 11.16%, 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 / June 15, 2026 / Trifecta Gold Ltd. (TSX-V:TG)(OTCQB:TRRFF) ("Trifecta" or the "Company") announces Private Placements to consist of the sale of up to 4,000,000 Flow-through shares at a price of
Insiders may participate in the Private Placements including subscriptions from related parties of the Company as defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The participation of Insiders in the Private Placements is exempt from formal valuation and minority shareholder approval requirements pursuant to exemptions contained in sections 5.5(c) and 5.7(1)(a) of MI 61-101.
The Private Placements are subject to all necessary regulatory approvals, including acceptance from the TSX Venture Exchange. The securities issued under the Private Placements will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the Private Placements. Finder's fees will be paid in connection with a portion of the Private Placements. The proceeds from these Private Placements will be used to fund exploration activities and for working capital purposes.
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 20 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 a conductivity low. Veining in RIRGS is typically zoned with a core of sheeted veins 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 |
This news release may contain forward looking statements based on assumptions and judgments of management regardingfuture events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, andactual 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 theTSX 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