Trifecta Gold Ltd. Announces Private Placement and Start of Exploration
July 06 2017 - 8:30AM
Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta” or the
“Company”) announces a non-brokered private placement offering (the
“Offering”) of up to C$1,500,000. The Offering will include
the sale of up to 4,000,000 flow-through units at a price of C$0.25
per flow-through unit (for a total of up to C$1,000,000) and up to
2,500,000 non-flow-through units at a price of C$0.20 per unit (for
a total of up to C$500,000). Each flow-through unit will
consist of one flow-through common share and one-half (1/2) of a
share purchase warrant. Each non-flow-through unit will
consist of one common share and one-half (1/2) of a share purchase
warrant. A full warrant from either of the flow-through or
the non-flow-through units will entitle the holder to purchase one
additional non-flow-through common share at a price of C$0.30 for a
period of one year from the closing of the placement.
In the event the closing price of Trifecta’s
common shares as traded on the TSX Venture Exchange is equal to or
greater than C$0.35 for a period of ten (10) consecutive trading
days subsequent to the expiry of the applicable hold period,
Trifecta may give notice of an earlier expiry of the warrants, in
which case the warrants will expire thirty (30) calendar days from
the giving of such notice.
All securities issued as part of the Offering
will be subject to a hold period in Canada of four months plus one
day from closing. Finders’ fees may be paid on a portion of
the Offering. The Offering is subject to TSX Venture Exchange
acceptance.
Field crews will soon mobilize to Trifecta’s
Eureka and Trident properties to begin field surveys in
anticipation of diamond drilling.
“With this financing initiated and investment
interest coming in, we are now beginning exploration on our highly
prospective Yukon properties,” stated Dylan Wallinger, Trifecta’s
President and Chief Executive Officer. “Preparatory work is
expected to take about two weeks and drilling should begin later
this month.”
Trifecta also announces an expansion of its
road-accessible Trident property, located within the White Gold
District of the Dawson Range Gold Belt in western Yukon. The
Company has added 193 contiguous mineral claims to the property,
bringing the total up to 718 claims.
About Trifecta Gold Ltd.
Trifecta is a Canadian precious metal
exploration company dedicated to increasing shareholder value
through the acquisition and development of attractive exploration
projects in Canada and other mining-friendly
jurisdictions.
ON BEHALF OF THE BOARD
“Dylan Arnold-Wallinger”
President and Chief Executive Officer
For further information concerning Trifecta or
its various exploration projects please visit our newly updated
website at www.trifectagold.com or contact:
Corporate InformationTrifecta
Gold Ltd.Dylan WallingerPresident and C.E.O.Tel: (604) 687-2522
This news release may contain forward looking
statements based on assumptions and judgments of management
regarding future events or results that may prove to be inaccurate
as a result of exploration and other risk factors beyond its
control, and actual results may differ materially from the expected
results.The securities referred to in this news release have not
been, nor will they be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available. This news release does
not constitute an offer of securities for sale, nor a solicitation
for offers to buy any securities. Any public offering of
securities in the United States must be made by means of a
prospectus containing detailed information about the company and
management, as well as financial statements.
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.
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