Friday, May 30, 2025

Latest

Tru Precious Metals Closes $3.5 Million Subscription Receipt Offering

Tru Precious Metals (TSXV: TRU) has completed its previously announced non-brokered private placement. The financing saw a total of $3.5 million raised, with the lead order coming from Palisades Gold Corp.

The financing saw subscription receipts sold at a price of $0.22 each, with a total of 15.9 million receipts issued. Each receipt is to convert to a unit upon the completion of a change of business by the company, with each unit containing one common share and one common share purchase warrant. Each warrant is valid for a period of 3 years with an exercise price of $0.35 per share.

Proceeds from the financing will be used to fund an exploration program for the Golden Rose project, which the company is in the process of acquiring. Funds will also be used for a phase one drill program at the firms Twilite Gold project, marketing, general corporate purposes, and working capital.

Tru Precious Metals last traded at $0.29 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

K92 Mining Preliminary Economic Assessment Values Kora Stage 3 Expansion At NPV of US$1.5 Billion

K92 Mining (TSXV: KNT) this evening released the results of a preliminary economic assessment (PEA)...

Monday, July 27, 2020, 05:01:50 PM

TRU Precious Metals Completes $3.5 Million Financing Led By Eric Sprott

TRU Precious Metals Corp. (TSXV: TRU) announced today that it has recently closed its non-brokered...

Friday, June 18, 2021, 09:22:19 AM

Trillium Gold Reports Final 2020 Drill Results For Newman Todd

Trillium Gold Mines (TSXV: TGM) has finally received the last of its drill results from...

Thursday, April 1, 2021, 07:44:08 AM

Eric Sprott Takes 9.8% Stake In Exploits Discovery

Exploits Discovery (CSE: NFLD) this morning announced that it will be conducting a private placement....

Tuesday, April 27, 2021, 08:02:21 AM

Skeena Resources Announces Fully Subscribed $20 Million Flow Through Financing

Skeena Resources (TSX: SKE) this morning announced that it will be conducting a flow-through financing....

Wednesday, February 24, 2021, 09:15:23 AM