Tickers: XTSX:TGM
Tags: #Mining
Vancouver, British Columbia, Canada - TheNewswire - July 17, 2020, Trillium Gold Mines Inc. (TSXV:TGM) (formerly, Confederation Minerals Ltd.; "Trillium" or the "Company") is pleased to announce that it has completed its non-brokered private placement (the "Offering") of 2,083,000 units (the "Units") at a price of $0.48 per Unit for gross proceeds of $999,840. Each Unit consisting of one common share of the Company (a "Share") and one transferrable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase an additional Share at a price of $0.60 for a period of 24 months from closing.
In connection with the Offering, the Company has paid finders' fees in the amount of
$50,400 in cash.
All of the securities of the Company issued under the Offering are subject to a hold period of four months plus one day from the date of issuance expiring November 17, 2020 in accordance with applicable Canadian securities laws.
The proceeds from the Offering will be used to fund exploration programs on the Company's Newman Todd gold project, Leo property in the Red Lake gold camp, Shining Tree Property, and the South-West Red Lake Properties, and for general working capital and corporate purposes.
For further information about this news release and the Company's current activities contact info@trilliumgold.com, visit our website at www.trilliumgold.com or call us at 604-688-9588.
On behalf of the Board of Directors,
"David Velisek"
David Velisek
CEO and Director
Trillium Gold Mines Inc.
Suite 2250, 1055 West Hastings Street
Vancouver, B.C.
604.688.9588
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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