Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Trillium Gold Mines (TGM) has announced a private placement of units and flow-through units for gross proceeds of up to $3,500,000
  • The company will issue a combination of units at $0.20 per unit and flow-through units at $0.225 per FT unit
  • The company has entered into an agreement with Red Cloud Securities Inc. to act as sole agent and bookrunner
  • Net proceeds from the offering will be used to fund exploration of the company’s Red Lake properties
  • The offering is scheduled to close on or around September 22, 2022
  • Trillium Gold Mines Inc. is engaged in the business of exploring and developing mineral properties in northern Ontario
  • Trillium Gold Mines Inc. (TGM) opened trading at C$0.25

Trillium Gold Mines (TGM) has announced a private placement of units and flow-through units for gross proceeds of up to $3,500,000.

The company will issue a combination of units at $0.20 per unit and flow-through units at $0.225 per FT unit. Each unit will consist of one common share and one half of one common share purchase warrant. Each FT unit will consist of one flow-through common share and one half of one warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of 24 months after the closing date of the offering.

The company has entered into an agreement with Red Cloud Securities Inc. to act as sole agent and bookrunner.  The agent will have an option to sell up to an additional $750,000 in any combination of units and flow-through units.

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

The offering is scheduled to close on or around September 22, 2022. 

All securities issued will be subject to a statutory four-month hold period.

Red Cloud Securities will receive a 6.0 per cent cash commission and broker warrants in an amount equal to 6.0 per cent of the number of securities sold.

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) opened trading at C$0.25.


More From The Market Herald

" Fortuna (TSX:FVI) reports production increase

Fortuna Silver Mines (FVI) has reported solid production results for its third fiscal quarter from its four operating mines in the Americas and

" Sanu Gold (CSE:SANU) begins trading on the OTCQB

Common shares of Sanu Gold Corporation (SANU) have begun trading on the OTCQB under the symbol SNGCF.

" First Tellurium (CSE:FTEL) conducts channel sampling on multiple copper targets at Deer Horn

First Tellurium (FTEL) has conducted channel sampling on multiple copper targets at Deer Horn Property in British Columbia.

" Westhaven Gold (TSXV:WHN) completes sale of royalties and private placement with Franco-Nevada (TSX:FNV)

Westhaven Gold Corp. (WHN) has completed the royalty sales and private placement.