Trinity One arranges $2-million private placement

Executive Summary

• Trinity One Metals announced an upsized non‑brokered private placement, adding up to 10 million units at C$0.20 per unit for gross proceeds of up to $2 million, bringing total potential financing to $5.3 million when combined with the previously disclosed LIFE offering.
• Each unit includes one common share and one warrant (exercise price C$0.30, exercisable for 36 months). Units are subject to a four‑month hold period and will not be free‑trading immediately.
• Net proceeds will fund exploration, technical evaluation, project advancement across the company’s mineral asset portfolio, as well as general working capital and corporate purposes.

Key Details

• Concurrent Offering: Up to 10 million units @ C$0.20 per unit → gross proceeds up to $2 million.
• LIFE Offering (previously announced): Up to 16.5 million units @ price yielding gross proceeds up to $3.3 million.
• Total Potential Gross Proceeds: Up to $5.3 million.
• Unit Composition: 1 common share + 1 common share purchase warrant per unit.
• Warrant Terms: Exercise price C$0.30 per share; exercisable for 36 months after closing date of the concurrent offering.
• Hold Period: All securities issued in the concurrent offering subject to a four‑month hold period from issuance date.
• Use of Proceeds:
• Advance exploration, technical evaluation, and project advancement across mineral asset portfolio.
• Verification & follow‑up on recently acquired properties.
• Historical data verification, target generation, early‑stage field programs.
• General working capital and corporate purposes.
• Finder’s Fees: Up to 6 % of aggregate gross proceeds may be paid in cash; additional non‑transferable warrants equal to 6 % of units issued may be issued to finders’ subscribers.
• Regulatory Documents: An amended and restated offering document for the LIFE offering will disclose the concurrent offering; available on SEDAR+ and company website.
• TSX‑V Acceptance: Both offerings are subject to acceptance by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)