Financings

Tribeca Resources Announces Non-Brokered Private Placement of up to C$5M

By The Northwire Desk — AI Analysis Oct 07, 2025 · 07:00 TRBC · 0.225 Tribeca Resources Corporation

TRBC · Price

Tribeca Resources announces a non‑brokered private placement of up to 23,809,523 units at $0.21 per unit, targeting gross proceeds of up to $5 million (minimum $2 million).
Each unit consists of one common share and half of a common‑share purchase warrant; warrants are exercisable at $0.30 for the first 12 months and $0.40 thereafter, with specific acceleration and lock‑up provisions.
Proceeds will be used for exploration at the La Higuera and Jiguata projects and general working capital. The closing is expected around October 29, 2025, subject to TSXV approval.

Units Offered: Up to 23,809,523 units (each = 1 common share + ½ warrant).
Price per Unit: $0.21 → Maximum Gross Proceeds: $5,000,000; Minimum Subscription: $2,000,000.
Warrant Terms:
Exercise price $0.30 if exercised within the first 12 months after closing; $0.40 thereafter (up to 24 months total).
Not exercisable during the initial 60‑day period post‑closing.
Company may accelerate expiry if TSXV VWAP ≥ C$0.50 for ten consecutive trading days.
Use of Proceeds: Exploration at La Higuera Project and Jiguata Project; general working capital.
Closing Date: Expected on or about October 29, 2025, subject to TSXV approval and other closing conditions.
Finder’s Fees: Up to 6% of gross proceeds payable in cash or shares, plus up to 6% of issued shares as finder’s warrants, per applicable securities laws and TSXV policies.
Insider Participation: Certain directors/management may subscribe; treated as a related‑party transaction exempt from formal valuation/minority approval under MI 61‑101.
Regulatory Basis: Offering relies on the Listed Issuer Financing Exemption (LIFE) under NI 45‑106 and Coordinated Blanket Order 45‑935; securities are not subject to a hold period.

The LOI to acquire 100 % of the Jiguata porphyry copper project (Chile) announced on June 19, 2025 has its definitive agreement deadline extended to October 31, 2025.

(No direct CEO/President quotes were included in the release.)

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