Trojan Gold Inc. Closes a Non-Brokered Unit Offering

Executive Summary

• Trojan Gold Inc. closed a non‑brokered private placement of 2,000,000 units at $0.10 per unit, generating gross proceeds of $200,000.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.15 for 24 months; all securities are subject to a four‑month and one‑day hold period.
• The transaction is treated as a related‑party transaction under MI 61‑101, but the company relied on exemption thresholds because the fair market value does not exceed 25% of its market capitalization.

Key Details

• Units Issued: 2,000,000
• Price per Unit: $0.10
• Total Gross Proceeds: $200,000 (satisfied by amounts previously advanced to the company)
• Unit Composition:
• 1 common share of Trojan Gold Inc.
• 1 common share purchase warrant – exercisable at $0.15 per share for a period of 24 months from closing; may be accelerated under certain circumstances.
• Hold Period: All securities subject to a four‑month and one‑day hold period from the closing date.
• Finder’s Fees: None paid in connection with this issuance.
• Related Party Transaction:
• Determined to fall within MI 61‑101 exemption because neither the fair market value of the shares issued nor the consideration exceeds 25% of Trojan Gold’s market capitalization.
• Exemptions relied upon: sections 5.5(a) and 5.7(1)(a) of MI 61‑101.
• Use of Proceeds: Not explicitly disclosed in the release; proceeds were satisfied by previously advanced amounts.

Notable Quotes

(No executive quotes provided in the release.)