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VANCOUVER, BC, June 3, 2021 / CNW / – Trillium Gold Mines Inc. (TSXV: TGM) (OTCQX: TGLDF) (FRA: 0702) (“Trillium Gold” or the “Company”) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (the “Principal agent“) to act as the principal agent and sole bookrunner on behalf of a syndicate of agents (jointly with the principal agent, the”Agents“) as part of our best efforts, private placement of up to 4,000,000 units of the Company (the”Units“) at the price of CA $ 1.00 per Share for gross proceeds of at most CA $ 4,000,000 (the “Offer“).
Each unit will consist of one common share of the Company (each, a “Unit share“) and a half common share purchase warrant (each entire warrant, a”To guarantee“). Each warrant may be exercised to acquire one common share of the Company (each, a”Warrant share“) at a price of Cdn $ 1.50 at any time on or before the date that is 24 months after the closing date of the offering.
The Agents will have the option, exercisable in whole or in part up to 48 hours before the closing of the Offering, to sell up to 1,000,000 additional Units at the Unit Price for additional gross proceeds from at most $ 1,000,000 CAD (the “Agents option“).
The Company intends to use the net proceeds from the sale of Units to advance the Company’s exploration projects. Red Lake properties as well as for general working capital purposes. The Offer is scheduled to close on or around June 25, 2021 and is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including approval from the TSX Venture Exchange. Unit shares and warrant shares will have a holding period of four months and one day from the closing date.
In consideration for their services, the Agents will receive a cash commission of 6.0% of the gross proceeds of the Offering and the Broker Warrants in an amount equal to 5.0% of the total number of Units sold in the framework of the placement. Each broker’s warrant may be exercised to purchase one common share of the Company at a price of CA $ 1.00 for a period of 24 months from the closing date of the Offer. The Agents will not receive any cash commission or Dealer Warrants for purchasers on the President’s List.
The securities described in this document have not been and will not be registered under the United States Securities Act or any state securities law and, therefore, may not be offered or sold. in the United States, except in accordance with United States registration requirements. Securities Act and applicable state securities requirements or exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy securities in any jurisdiction.
Visit our website at www.trilliumgold.com.
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
President, CEO and Director
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a growth-oriented company British Columbia company based in the sector of acquisition, exploration and development of mineral properties located in the mining district of Red Lake in Northern Ontario. The Company recently extended its holdings in the Confederation Lake and Birch-Uchi greenstone belts, as well as in some very promising properties at Larder Lake, Ontario and the Matagami and the regions of Chibougamou Quebec.
Neither the 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.
This press release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Trillium Gold Mines Inc.
For more information: Donna Yoshimatsu, Vice President of Corporate Development and Investor Relations at [email protected], (416) 722-2456, or [email protected], 604-688-9588.