Trans Canada Gold Corp. Announces Proposed Warrant Extension
Rhea-AI Summary
Trans Canada Gold Corp (OTCQB:TTGXF) proposes to extend the expiry of 10,000,000 outstanding share purchase warrants from May 17, 2026 to May 17, 2028, subject to TSX Venture Exchange approval.
Each Warrant was issued May 17, 2023 and remains exercisable for one common share at $0.15 per share; all other terms stay unchanged.
Positive
- 10,000,000 warrants subject to proposed extension to May 17, 2028
- Exercise price fixed at $0.15 per share for all warrants
Negative
- Extension is subject to TSXV approval, creating regulatory uncertainty
- Outstanding warrants represent potential dilution if exercised
News Market Reaction – TTGXF
In the Apr 13 session, TTGXF gained 11.90%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, BC / ACCESS Newswire / April 10, 2026 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:TTGXF) ("Trans Canada" or the "Company") announces that it proposes to make an application to the TSX Venture Exchange to extend the expiry dates of an aggregate of 10,000,000 outstanding share purchase warrants (the "Warrants"). The Company proposes to extend the expiry date of the Warrants from May 17, 2026 to May 17, 2028.
The Warrants were issued pursuant to a non-brokered private placement that completed on May 17, 2023 and were originally exercisable for three years from the closing date. Each Warrant entitles the holder to purchase one common share in the capital of the Company at a price of
The extension of the Warrants remains subject to approval of the TSX Venture Exchange.
ABOUT TRANS CANADA GOLD CORP. - GOLD & MINERAL EXPLORATION/OIL AND GAS PRODUCTION/REVENUE PRODUCING OIL WELLS
The Company is a Canadian discovery focused Gold Exploration company focused on acquiring and drilling advanced gold, silver and critical base metal mineral assets situated in Canada. The Company identifies, acquires and finances with its working interest partners, and Oil & Gas Resource Development Exploration Company that is currently focused on developing and drilling its' production of conventional heavy oil exploration properties, increasing production capabilities, and increasing future oil production revenues through responsible exploration. The Company identifies, acquires and finances with its working interest partners, the ongoing development of oil and gas assets, primarily situated in Alberta Canada. The Company has qualified Senior exploration mining management and oil & gas Geological teams of professionals, seasoned in exploration production, field exploration and drilling. The Company currently works with Croverro Energy Ltd., who has demonstrated proficiency, expected of an experienced oil and gas technical team that has proven oil production, and revenue success with large multi-lateral wells currently under their supervision. The Company has the necessary manpower in place to develop its natural resource properties and manage its production properties. The Company is committed to minimizing risk through selective property acquisitions, and responsible exploration drilling, and maximizing long term gold and strategic mineral and petroleum and natural gas resource assets.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Trans Canada Gold Corp.
Tel: (604) 681-3131
astar@telus.net
www.transcanadagold.com
Mario Drolet
President
MI3 Communications Financieres Inc., Montreal Quebec
Tel: (514) 904-1333
Cell: (514) 340-3813
E-Mail: Mario@mI3.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Trans Canada Gold Corp.
View the original press release on ACCESS Newswire