Trinity One Metals closes financings

Executive Summary

• Trinity One Metals Ltd. has closed a non-brokered private placement raising $5.34 million in gross proceeds through two concurrent offerings: a Listed Issuer Financing Exemption (LIFE) offering and a standard private placement.
• The company issued a total of 26.7 million units at a price of $0.20 per unit. The LIFE portion raised $3.34 million from 16.7 million units (no statutory hold), while the private placement raised $2 million from 10 million units (statutory hold until July 7, 2026).
• Proceeds will be used for exploration, technical evaluation, project advancement (including verification of recently acquired properties), and general working capital.

Key Details

• Total Gross Proceeds: $5.34 million.
• Unit Price: $0.20 per unit.
• Total Units Issued: 26.7 million units.
• LIFE Offering Details:
  • Units Issued: 16.7 million.
  • Gross Proceeds: $3.34 million.
  • Hold Period: No statutory hold period under Canadian securities laws.
• Concurrent Private Placement Details:
  • Units Issued: 10 million.
  • Gross Proceeds: $2.0 million.
  • Hold Period: Statutory hold period expiring on July 7, 2026.
• Warrant Terms:
  • Each unit includes one common share and one-half of one transferable common share purchase warrant.
  • Exercise Price: $0.30 per share.
  • Duration: 36 months from closing.
  • Lock-up: Warrants cannot be exercised for 60 days from the closing date.
• Finder’s Fees:
  • Cash Fees: $259,000 paid in aggregate.
  • Warrant Fees: 1,299,000 finders' warrants issued.
  • Commission Structure: 6% cash commission and 6% in finders' warrants based on proceeds raised and units sold to subscribers introduced by finders.
• Use of Proceeds: Advancing exploration, technical evaluation, and project advancement across the mineral asset portfolio, including verification/follow-up work on recently acquired properties, historical data verification, target generation, early-stage field programs, general working capital, and corporate purposes.