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  • Trillium Gold Mines (TGM) has closed its brokered private placement for gross proceeds of C$4,081,510
  • The offering consisted of 9,678,150 units and 9,537,244 flow-through units
  • Each unit consists of one common share and one-half of one common share purchase warrant
  • Each FT unit consists of one flow-through common share and one-half of one warrant
  • Trillium Gold Mines Inc. is engaged in the business of exploring and developing mineral properties in northern Ontario
  • Trillium Gold Mines (TGM) is down 5.26 per cent on the day, trading at C$0.18 per share at 1:00 pm ET

Trillium Gold Mines (TGM) has closed its previously announced brokered private placement for gross proceeds of C$4,081,510.

The offering consisted of 9,678,150 units and 9,537,244 flow-through units.

Each unit consists of one common share and one-half of one common share purchase warrant. Each FT unit consists of one flow-through common share and one-half of one warrant. Each warrant entitles the holder to purchase one additional share at any time on or before September 22, 2024.

Russell Starr, President & CEO of Trillium commented,

“We are very pleased to close on this oversubscribed financing in challenging market conditions. This will enable Trillium to continue to advance its exciting program over the 100 km Confederation Belt project holdings. Participation from management and our long-standing shareholders clearly underscores our commitment to and confidence in the potential of our district scale land position.”

Net proceeds raised will be used to fund exploration of the company’s Red Lake properties, as well as for general working capital purposes.

All securities issued will be subject to a four-month hold period ending on January 23, 2023.

Trillium Gold Mines Inc. is engaged in the business of exploring and developing mineral properties in the Red Lake Mining District of northern Ontario.

Trillium Gold Mines Inc. (TGM) is down 5.26 per cent on the day, trading at C$0.18 per share at 1:00 pm ET.


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