Troilus Gold closes $172.5-million public offering

Executive Summary

• Troilus Gold Corp. has closed a bought deal public offering, including the full exercise of the over-allotment option, raising significant capital to advance its Troilus copper-gold project.
• The company issued 133,722,000 common shares at $1.29 per share, resulting in aggregate gross proceeds of approximately $172.5 million.
• Net proceeds are designated for continuing predevelopment activities at the Troilus project, debt repayment, and general corporate working capital.

Key Details

• Transaction Structure: Bought deal public offering including full exercise of over-allotment option.
• Shares Issued: 133,722,000 common shares.
• Price Per Share: $1.29.
• Gross Proceeds: $172,501,380.
• Underwriters: Syndicate co-led by Desjardins Capital Markets, Cormark Securities Inc., and Haywood Securities Inc., including BMO Nesbitt Burns Inc., Red Cloud Securities Inc., and Velocity Trade Capital Ltd.
• Use of Proceeds: Financing continuing predevelopment activities at the Troilus copper-gold project, debt repayment, and working capital/general corporate purposes.
• Regulatory Filings: Completed via prospectus supplement to the short-form base shelf prospectus dated April 30, 2025; supplement filed November 7, 2025.
• Jurisdictions: Offered in Canada via prospectus and in the United States pursuant to an exemption from U.S. Securities Act registration requirements.
• Exchange Approval: Subject to final approval of the Toronto Stock Exchange.

Notable Quotes

• No direct quotes from management were included in the provided text.