23:19:46 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Trench Metals Corp
Symbol TMC
Shares Issued 52,351,735
Close 2023-12-18 C$ 0.10
Market Cap C$ 5,235,174
Recent Sedar Documents

Trench Metals closes $286,000 private placement

2023-12-18 17:38 ET - News Release

Mr. Simon Cheng reports

TRENCH METALS CLOSES FLOW-THROUGH PRIVATE PLACEMENT

Trench Metals Corp. has completed a non-brokered private placement of 2.2 million units at a price of 13 cents per unit for gross proceeds of $286,000. Each unit consists of one flow-through common share and one share purchase warrant, entitling the holder to acquire an additional non-flow-through common share at a price of 20 cents until Dec. 18, 2024.

Proceeds from the offering will be used to incur Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act and flow-through mining expenditures as defined in Subsection 127(9) of the Income Tax Act. In connection with completion of the offering, the company paid $17,160 and issued 132,000 non-transferable share purchase warrants to an arm's-length third party that assisted in introducing the subscriber to the offering. The finder's warrants are exercisable on the same terms as the warrants.

All securities issued in connection with the offering are subject to restrictions on resale until April 19, 2024, in accordance with applicable securities laws.

About Trench Metals Corp.

Trench Metals is a mineral exploration company with a focus on uranium. The company creates value for its shareholders by engaging in promising mineral exploration opportunities. Its main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life cycle of the mining process.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.