20:09:06 EDT Tue 22 Jun 2021
Enter Symbol
or Name

Login ID:
Tri Capital Opportunities Corp
Symbol TCAP
Shares Issued 10,050,001
Close 2021-05-10 C$ 0.10
Recent Sedar Documents

Tri Capital increases private placement to $800,000

2021-06-10 17:28 ET - News Release

Mr. James Pettit reports


Further to its news release dated May 13, 2021, Tri Capital Opportunities Corp. has increased its non-brokered private placement in connection with its qualifying transaction to up to $800,000.

The company will issue up to eight million units of the company at a price of 10 cents per unit for gross proceeds of up to $800,000. Each unit will consist of one common share and one-half of one common share purchase warrant. Each full warrant will entitle the holder thereof to purchase an additional share at a price of 15 cents per share for a period of three years from the date of issue. Finders' fees may be paid on all or a portion of the financing.

The net proceeds from the concurrent financing will be used by Tri Capital to finance the recommended work program on the Pine Channel property and for general working capital. All securities issued pursuant to the concurrent financing will be subject to a four-month hold period from the date of issue and may be subject to escrow in accordance with the policies of the TSX Venture Exchange.

About Tri Capital Opportunities Corp.

Tri Capital is designated as a capital pool company by the exchange. Tri Capital has not commenced commercial operations and has no assets other than cash. The only business of Tri Capital is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction in accordance with exchange Policy 2.4 -- Capital Pool Companies.

Further details concerning the Pine Channel property, the option agreement and the concurrent financing will be disclosed in a filing statement to be prepared by Tri Capital and filed on SEDAR.

We seek Safe Harbor.

© 2021 Canjex Publishing Ltd. All rights reserved.