Northwire Canada EditionWednesday, November 11, 2026
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Financings

Trinity One arranges $3.3-million private placement

By The Northwire Desk — AI Analysis Feb 12, 2026 · 21:52 TOM · 0.385 Trinity One Metals Ltd.
TOM · Price

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.)

Read the original news release →

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