Mr. Thomas Wood reports
TRINITY ONE METALS ANNOUNCES UPSIZE OF PRIVATE PLACEMENT TO C$5.3 MILLION
Trinity One Metals Ltd. has arranged a non-brokered private placement for the sale of up to 10 million units of the company at a price of 20 cents per unit for gross proceeds of up to $2-million, in addition to its previously announced non-brokered private placement pursuant to the listed issuer financing exemption (LIFE) under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, of up to 16.5 million units for gross proceeds of up to $3.3-million, for combined gross proceeds of up to $5.3-million. The units issued pursuant to the concurrent offering will not be issued pursuant to LIFE under NI 45-106, will not be free trading and will be subject to a four-month hold period from the date of issuance.
Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of 30 cents per warrant share for a period of 36 months following the closing date of the concurrent offering.
The company intends to use the net proceeds of the concurrent offering and the LIFE offering to advance exploration, technical evaluation and project advancement activities across the company's mineral asset portfolio, including verification and follow-up work on recently acquired properties, historical data verification, target generation, and early-stage field programs, as well as for general working capital and corporate purposes.
Further to the company's news release dated Feb. 9, 2026, there will be an amended and restated offering document related to the LIFE offering to disclose the concurrent offering that will be accessible under the company's issuer profile on SEDAR+ and on the company's website. Prospective investors should read the amended offering document before making an investment decision related to the LIFE offering.
In connection with the concurrent offering and LIFE offering, finders' fees may be payable to eligible parties in accordance with the policies of the TSX Venture Exchange and applicable securities laws. The company may pay finders' fees in cash of up to 6.0 per cent of the aggregate gross proceeds of the concurrent offering and LIFE offering, and may issue non-transferable warrants equal to 6.0 per cent of the number of units issued under the concurrent offering and LIFE offering to subscribers introduced by finders to the company.
Any securities issued in connection with the concurrent offering will be subject to a four-month hold period, in accordance with securities laws and the policies of the TSX-V, as applicable. The concurrent offering and the LIFE offering are subject to TSX-V acceptance.
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