19:00:38 EDT Thu 06 Aug 2020
Enter Symbol
or Name

Triumph Gold Corp (2)
Symbol TIG
Shares Issued 105,310,729
Close 2020-07-24 C$ 0.31
Recent Sedar Documents

Triumph Gold closes $3-million private placement

2020-07-24 16:44 ET - News Release

Mr. John Anderson reports


Triumph Gold Corp. has completed a non-brokered private placement of 15 million at a price of 20 cents per unit for aggregate gross proceeds to the company of $3-million. Each unit comprises one common share of the company and one common share purchase warrant. Each warrant is exercisable into one common share of the company at an exercise price of 30 cents per share for a period of three years.

Proceeds of the private placement, together with the proceeds of the private placement that closed on July 17, 2020, total $6.31-million and will be used primarily for the company's exploration activities and for general working capital purposes. The securities issued pursuant to the private placement are subject to a hold period of four months and one day in accordance with applicable securities laws.

In connection with the sale of the units, the company paid finders' fees of $147,540 in cash and issued 720,825 finder warrants. The finder warrants may be exercised to acquire common shares of the company at a price of 25 cents per common share for a period of three years from the date of closing.

The company has granted 6.5 million stock options to consultants of the company. The options are exercisable at a price of 30 cents for a period of five years.

About Triumph Gold Corp.

Triumph Gold is a growth-oriented, Canadian-based precious metal exploration and development company. Triumph Gold is focused on creating value through the advancement of the district-scale Freegold Mountain project in Yukon.

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