Saturday, August 23, 2025

Trillium Gold To Raise $8.0 Million In Private Placement

Trillium Gold Mines (TSXV: TGM) this morning announced that it will be conducting a financing for gross proceeds of $8.0 million, with funds to be raised through a combination of three different sets of units. The financing, conducted on a private placement basis, will be lead by Eight Capital as lead agent and sole bookrunner on behalf of a syndicate of agents.

Shares sold under the placement will include units, at a price of $1.70 per unit, flow through shares, at a price of $1.90 per share, and charity flow through units at a price of $2.42 per unit. Both the basic units and the charity flow through units will contain one common share of the company and one half warrant, with an exercise price of $2.60 and an expiry 24 months from the date of issue.

The breakdown of units to be sold under the offering includes:

  • 1,176,500 units
  • 1,579,000 flow through shares
  • 1,239,700 charity flow through units

Proceeds from the financing are to be used to advance exploration at the firms Red Lake properties, as well as general working capital purposes. The financing is expected to close on or before October 1, 2020, with the company also granting Eight Capital an over allotment option for the sale of up to $2.0 million more in gross proceeds, which is exercisable until 48 hours prior to the closing of the offering.

Trillium Gold Mines last traded at $2.14 on the TSX Venture.


Information for this briefing was found via Sedar and Trillium Gold Mines. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

More De-Dollarization? Ghana Unveils Plan to Purchase Crude With Gold Rather Than US Dollars

The list of countries shunning the US dollar is increasing. Ghana, a developing country located...

Friday, November 25, 2022, 12:23:00 PM

Aya Gold & Silver Closes $15.2 Million Algold Acquisition

Aya Gold & Silver Incorporated (TSX: AYA) announced this morning the closing of the previously...

Friday, June 11, 2021, 09:55:00 AM

AUX Resources Hits 103 G/T Gold, 53 G/T Silver Over 2.74 Metres At Georgia Project

The much anticipated assay results have finally been released. AUX Resources (TSXV: AUX) this morning...

Tuesday, February 9, 2021, 07:06:43 AM

GoldMining, Inc: Breaking the Gold Equity Value Trap

At the Rule Symposium of Natural Resource Investing in Boca Raton, Florida, Alastair Still, CEO...

Friday, July 12, 2024, 07:08:00 AM

Probe Metals Updates Resource Estimate of its Flagship Val-d’Or East Gold Project

On June 1, Probe Metals Inc. (TSXV: PRB) announced a constructive updated resource estimate for...

Tuesday, June 8, 2021, 02:44:00 PM