Trojan Gold arranges $300,000 private placement

Executive Summary

• Trojan Gold Inc. has arranged a non-brokered private placement for up to 3,000,000 flow-through (FT) units at $0.10 per unit, raising up to $300,000 in gross proceeds.
• Each FT unit consists of one common share and a half-warrant, with warrants exercisable at $0.15 per share for 24 months.
• Proceeds will be used for exploration activities at the Paulpic/Adair-Wascanna and Watershed properties.

Key Details

• Instrument: Up to 3,000,000 flow-through (FT) units.
• Price: $0.10 per FT unit.
• Gross Proceeds: Up to $300,000.
• Unit Composition: Each FT unit comprises one common share and one-half of one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $0.15 per common share.
  • Duration: 24 months from the date of closing.
  • Acceleration Clause: Warrants may be accelerated if the common shares close at $0.20 or greater on the Canadian Securities Exchange for five consecutive trading days, subject to 30 days' notice.
• Use of Proceeds: Exploration at the Paulpic/Adair-Wascanna properties and the Watershed property.
• Structure: Non-brokered private placement.