Trinity One Metals increases financing to $750,000

Executive Summary

• Trinity One Metals upsized its non‑brokered private placement, increasing the target gross proceeds from $600,000 to $750,000.
• Up to 15 million units will be issued at $0.05 per unit; each unit includes one common share and one warrant to purchase an additional share at $0.075 for up to 36 months.
• Net proceeds are earmarked for assessing new growth opportunities, maintaining the existing exploration portfolio, and general working capital.

Key Details

• Upsized Offering: Gross proceeds target raised to $750,000 (from $600,000).
• Units Offered: Up to 15 million units at $0.05 per unit.
• Unit Composition: 1 common share + 1 common‑share purchase warrant.
• Warrant Terms: Right to buy one additional common share at $0.075 any time within 36 months after closing, subject to TSX‑V approval.
• Use of Proceeds:
• Assessment of new growth opportunities
• Maintenance of existing exploration portfolio
• General working capital
• Finders’ Fees: May be paid to eligible finders in compliance with securities laws and TSX‑V policies.
• Holding Period: All securities subject to a hold period expiring four months and one day after issuance.
• Regulatory Conditions: Completion pending all required regulatory approvals, including TSX‑V approval.
• Related Party Transaction: Insiders (officers/directors) intend to subscribe for 4.3 million units; transaction qualifies as a related party transaction under MI 61‑101.
• Exemptions Relied Upon:
• Formal valuation exemption (no listed securities on specified markets).
• Minority shareholder approval exemption (insider participation ≤ 25 % of market cap).
• Reporting Note: Company likely will not file a material change report ≥ 21 days before closing to expedite the offering.

Notable Quotes

(No executive quotes provided in the release.)