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Trillium Gold Mines Inc
Symbol TGM
Shares Issued 23,359,614
Close 2020-09-02 C$ 1.82
Recent Sedar Documents

Trillium increases private placement to $13-million

2020-09-02 17:16 ET - News Release

Mr. Russell Starr reports

TRILLIUM GOLD ANNOUNCES UPSIZED BROKERED PRIVATE PLACEMENT OF $13 MILLION

In connection with Trillium Gold Mines Inc.'s previously announced brokered private placement, the company and Eight Capital have agreed to increase the size of the offering, subject to all required regulatory approvals. Trillium will now issue 2,294,200 units at an offering price of $1.70 per unit, 1,631,600 flow-through common shares at an offering price of $1.90 per FT share and 2,479,400 charity flow-through units at an offering price of $2.42 per charity FT unit, for aggregate gross proceeds of $13,000,328.

Each unit will comprise one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one share at an exercise price of $2.60 for a period of 24 months following the closing of the offering.

Each charity FT unit will comprise one FT share and one-half of one warrant.

The company intends to use the net proceeds of the offering to advance the exploration projects on the company's Red Lake properties, as well as for general working capital purposes.

The gross proceeds from the sale of the FT shares and the charity FT units will be used for expenditures which qualify as Canadian exploration expenses (CEE) and flow-through mining expenditures, both within the meaning of the Income Tax Act (Canada). The company will renounce such CEE with an effective date of no later than Dec. 31, 2020.

The closing date of the financing is scheduled to be on or about Oct. 1, 2020, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

About Trillium Gold Mines Inc.

Trillium Gold Mines is a British Columbia-based company engaged in the business of acquisition, exploration and development of mineral properties located in the highly prospective Red Lake mining district of Northern Ontario.

We seek Safe Harbor.

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