Triumph Gold arranges $5.41-million financing

Executive Summary

• Triumph Gold Corp. has arranged a non-brokered private placement of up to 10.82 million units at $0.50 per unit, targeting gross proceeds of up to $5.41 million.
• Each unit comprises one common share and one common share purchase warrant, with warrants exercisable at $0.55 per share for a period of three years from closing.
• Net proceeds will be allocated to general working capital, pending approval from the TSX Venture Exchange.

Key Details

• Structure: Non-brokered private placement of up to 10.82 million units
• Per-Unit Price: $0.50
• Gross Proceeds: Up to $5,410,000
• Warrant Terms: Each unit includes one common share purchase warrant; each warrant entitles the holder to acquire one additional common share at $0.55 per share
• Warrant Expiry: Three years from the closing date of the offering
• Use of Proceeds: General working capital
• Regulatory Condition: Closing is subject to approval by the TSX Venture Exchange