Trifecta Gold Ltd. Closes Initial Tranche of Private Placement and Provides Exploration Update
25 Julho 2017 - 9:30AM
Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta”)
announces that it has raised $852,500 by way of private placement
for exploration and general working capital. Trifecta also
announces that it has received an expanded 10-year Class 3 Mining
Land Use Approval for its road-accessible Trident property,
allowing up to 300 diamond drill holes annually. A diamond
drill and fuel is expected to be mobilized to the property by truck
during the first week of August, with drilling anticipated to begin
shortly thereafter. A crew is currently onsite conducting
surface exploration at the Trident property.
The first tranche of the private placement, as
increased and amended on July 18, 2017, was closed now to satisfy
certain requirements of the TSX Venture Exchange and to allow
Trifecta to spend flow-through dollars on the current exploration
work and drill program. The first tranche closing consisted
of the issuance of:
- 1,202,000 flow-through units at $0.25 per flow-through unit,
for total consideration of $300,500; and
- 2,760,000 non-flow-through units at $0.20 per unit, for total
consideration of $552,000.
Each flow-through unit consisted of one
flow-through common share and one-half (1/2) of a non-flow-through
share purchase warrant. Each non-flow-through unit consisted
of one non-flow-through common share and one-half (1/2) of a
non-flow-through share purchase warrant. Each full warrant
from either the flow-through units or the non-flow-through units
entitles the holder to purchase one non-flow-through common share
at a price of $0.30 until July 21, 2018. In the event the
closing price of Trifecta’s common shares as traded on the TSX
Venture Exchange is equal to or greater than $0.35 for a period of
ten (10) consecutive trading days subsequent to November 22, 2017,
Trifecta may give notice of an early expiry of the warrants, in
which case the warrants would expire thirty (30) calendar days from
the giving of such notice.
Trifecta paid cash finders’ fees totaling $3,720
in connection with the first tranche closing, distributed among
Haywood Securities Inc., Canaccord Genuity Corp. and PI Financial
Corp., each of Vancouver, British Columbia.
All of the securities issued pursuant to the
first tranche, including any shares issued pursuant to the exercise
of any of the share purchase warrants disclosed herein, will be
subject to a hold period expiring on November 22, 2017.
Trifecta anticipates a second tranche of the
private placement will close by mid-August 2017.
About Trifecta Gold Ltd.
Trifecta is a Canadian precious metal
exploration company dedicated to increasing shareholder value
through the acquisition and development of attractive exploration
projects in Canada and other mining-friendly
jurisdictions.
ON BEHALF OF THE BOARD
“Dylan Arnold-Wallinger”
President and Chief Executive Officer
For further information concerning Trifecta or
its various exploration projects please visit our newly updated
website at www.trifectagold.com or contact:
Corporate InformationTrifecta Gold Ltd.Dylan
WallingerPresident and C.E.O.Tel: (604) 687-2522
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 (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available. This news release does
not constitute an offer of securities for sale, 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.
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 release.
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