Business
Troy Minerals Announces Completion of First Tranche of Private Placement
July 18, 2024 – TheNewswire – Vancouver, B.C. - Troy Minerals Inc. (“Troy” or the “Company”) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) is pleased to announce that fur
About this update from Meta Critical Minerals Inc.
[{"type":"text","content":"July 18, 2024 – TheNewswire – Vancouver, B.C. - Troy Minerals Inc. (“Troy” or the “Company”) (CSE: TROY; OTCQB: TROYF; FSE: VJ3) is pleased to announce that further to its news release dated June 19, 2024, it has completed the first tranche of its private placement financing of 1,500,000 flow-through units (“FT Units”) at a price of $0.28 per FT Unit for gross proceeds of $420,000 (the “Offering”). Each FT Unit is comprised of one common share of the Company which qualifies as a “flow-through” share as defined in subsection 66(15) of the Income Tax Act (Canada) and one-half of one share purchase warrant of the Company. Each whole warrant is exercisable into one non-flow-through common share of the Company at an exercise price of $0.45 per share for period of two years from the date of issuance. In connection with the Offering, the Company paid a finder’s fee of $29,400 and 105,000 finder’s fee warrants. Each finder’s fee warrant is exercisable into one non-flow-through common share of the Company at an exercise price of $0.45 per share for period of two years from the date of issuance. Securities issued in connection with the Offering will be subject to a four-month hold period, in accordance with securities laws and the policies of the Canadian Securities Exchange, as applicable. ON BEHALF OF THE BOARD, Rana Vig | President and Director Telephone: 604-218-4766 [email protected] The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release. Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to the intended use of funds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “will” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all ...