Trinity One arranges $3.3-million private placement

Executive Summary

• Trinity One Metals Ltd. announced a non‑brokered private placement of up to 16.5 million units at C$0.20 per unit, targeting gross proceeds of approximately C$3.3 million.
• Each unit consists of one common share and one common share purchase warrant (exercise price C$0.30, exercisable after 60 days for a 36‑month period).
• Net proceeds will be used to fund exploration, technical evaluation, project advancement across the company’s mineral asset portfolio, as well as general working capital and corporate purposes.

Key Details

• Offering Size: Up to 16.5 million units (≈ C$3.3 million gross proceeds).
• Unit Composition: 1 common share + 1 warrant per unit.
• Warrant Terms: Exercise price C$0.30 per share; exercisable for 36 months after closing, with a 60‑day lock‑up period post‑closing.
• Price Per Unit: C$0.20 (including both share and warrant).
• Use of Proceeds:
• Advance exploration, technical evaluation, and project advancement activities across the mineral asset portfolio.
• Verification and follow‑up work on recently acquired properties.
• Historical data verification, target generation, early‑stage field programs.
• General working capital and corporate purposes.
• Regulatory Framework: Offered under the Listed Issuer Financing Exemption (LIFE) pursuant to NI 45‑106, available to investors in all Canadian provinces/territories except Quebec.
• Trading Status: Underlying common shares and warrants expected to be freely tradeable immediately after issuance for eligible Canadian purchasers.
• Closing Date: Expected on or about 27 Feb 2026 (or within 45 days of 10 Feb 2026), possibly in multiple tranches.
• Conditions to Closing: Subject to required approvals, including conditional TSX Venture Exchange approval.
• Finder’s Fees: Up to 6 % of gross proceeds payable in cash; alternatively, non‑transferable warrants equal to 6 % of units issued may be issued to finders.

Notable Quotes

(No direct quotes were provided in the release.)