Trojan Gold Inc. Announces Non-Brokered Private Placement

Executive Summary

• Trojan Gold Inc. announced a private placement to sell up to 3,000,000 flow‑through units at CDN $0.10 each, targeting gross proceeds of up to CDN $300,000.
• Each unit consists of one common share and half of a common share purchase warrant (full warrant allows purchase of one share at CDN $0.15 within 24 months, with acceleration provisions).
• Proceeds will be used to fund exploration activities on the Paulpic/Adair‑Wascanna Properties and the Watershed Property.

Key Details

• Offering Size: Up to 3,000,000 FT Units (flow‑through units)
• Price per Unit: CDN $0.10
• Maximum Gross Proceeds: CDN $300,000
• Unit Composition:
• 1 common share (qualified as a flow‑through share under Canadian tax law)
• ½ of one common share purchase warrant (full warrant = right to buy 1 common share at CDN $0.15)
• Warrant Terms:
• Exercise price: CDN $0.15 per share
• Expiry: 24 months from closing date
• Acceleration clause: If the CSE trading price of the common shares reaches ≥ $0.20 for five consecutive trading days, the expiry may be accelerated with 30‑day notice.
• Use of Proceeds: Exploration drilling and related activities at the Paulpic/Adair‑Wascanna Properties and the Watershed Property.
• Contact: Charles J. Elbourne, President & CEO (email: [email protected]).

Notable Quotes

(No direct quotes were provided in the release.)