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  • Troilus issued 9,090,980 units at C$1.10 per unit for gross proceeds of C$10,000,078
  • The offering was led by Cormark Securities Inc.
  • Troilus intends to use the net proceeds to fund exploration on the Troilus Gold Project
  • Troilus is a Canadian-based junior mining company
  • Troilus Gold Corp. (TLG) is up 1.66 per cent, trading at C$0.92 per share at 12:25 pm ET

Troilus Gold (TLG) has closed its previously announced bought deal financing.

Pursuant to the offering, Troilus issued 9,090,980 units at C$1.10 per unit for gross proceeds of C$10,000,078.

The units, traditional, national and QC flow-through units are collectively referred to as the offered units.

Each offered unit consists of one common share and one-half of one share purchase warrant. Each purchase warrant entitles the holder thereof to acquire one common share at an exercise price of C$1.50 for a period of 24 months following the closing of the offering.

The Toronto Stock Exchange (the “TSX”) has accepted for listing the warrants under the symbol TLG.WT.

The offering was led by Cormark Securities Inc. and included Stifel GMP, Haywood Securities Inc., Laurentian Bank Securities Inc., Canaccord Genuity Corp. and BMO Nesbitt Burns Inc.

Troilus intends to use the net proceeds of the offering to continue engineering efforts and feasibility level studies and to fund exploration on the Troilus Gold Project.

Troilus is a Canadian-based junior mining company focused on the advancement and de-risking of the former gold and copper Troilus Mine towards production.

Troilus Gold Corp. (TLG) is up 1.66 per cent, trading at C$0.92 per share at 12:25 pm ET.

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