Trimera arranges $100,000 private placement

Executive Summary

• Trimera Metals Corp. has announced a non-brokered private placement of up to 285,714 flow-through common shares at $0.35 per share, raising up to $100,000 in gross proceeds.
• The proceeds are designated for exploration activities on the company's 1,692.22-hectare Tahlo Lake property in north-central British Columbia.
• The offering is subject to regulatory approval and the approval of the Canadian Securities Exchange, with securities subject to a statutory hold period of four months and one day.

Key Details

• Transaction Structure: Non-brokered private placement of flow-through shares pursuant to the Income Tax Act (Canada).
• Share Quantity: Up to 285,714 common shares.
• Price: $0.35 per flow-through (FT) share.
• Gross Proceeds: Up to $100,000.
• Use of Proceeds: Exploration activities at the Tahlo Lake porphyry copper-molybdenum-gold property.
• Property Details: Tahlo Lake property, located in north-central British Columbia, comprising four wholly owned mining claims totaling approximately 1,692.22 hectares.
• Hold Period: Statutory hold period of four months and one day from the date of issuance.
• Finders' Fees: The company may pay finders' fees on a portion of the gross proceeds.
• Conditions: Subject to regulatory approval and approval of the Canadian Securities Exchange.