Business
Troy Minerals Completes Second Tranche of Private Placement
VANCOUVER, BC / ACCESSWIRE / November 22, 2023 / Troy MineralsInc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF) is pleased to announce that the Company has
About this update from Meta Critical Minerals Inc.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / November 22, 2023 / Troy MineralsInc. (\"Troy\" or the \"Company\") (CSE:TROY)(OTCQB:TROYF) is pleased to announce that the Company has closed the second tranche of its previously announced private placement offering (the \"Offering\"). Pursuant to the second tranche of the Offering, the Company issued 1,465,943 common shares of the Company at a price of $0.35 per share for gross proceeds of $513,080. In connection with the second tranche of the Offering, the Company paid total cash commissions of $13,056 and issued 37,303 finder's warrants. Each finder's warrant is exercisable into a common share of the Company at an exercise price of $0.35 for a period of two years from the date of closing of the Offering. Proceeds of the Offering will be used towards advancing the Company's current mineral projects, potential acquisitions, marketing and awareness campaigns, and general working capital. The securities issued in connection with the second tranche of the Offering will be subject to a four-month hold period ending on March 23, 2024, in accordance with securities laws and the policies of the Canadian Securities Exchange, as applicable. ON BEHALF OF THE BOARD, Rana Vig | Presidentand Director Telephone: 604-218-4766 [email protected] About Troy Minerals Inc. Troy Minerals is a mineral exploration company focused on the acquisition, exploration, and development of mineral properties. The Company currently holds interest in four assets; The Lake Owen project (formerly SW2) is a highly perspective Vanadium, Titanium and Iron ore rich project that consists of 91 mineral claims located approximately 50km southwest of Laramie, Wyoming USA. The property is a one billion tonne plus target in a Proterozoic Layered Mafic Intrusive host with strong magnetite-rich cumulates and accompanying V/Ti and Pt/Pd/Au/Rh-bearing sulfide horizons. The Lac Jaques project is a drive to project with close infrastructure located approximately 250km north of Montreal Quebec, Canada and is comprised of 17 claims totaling 994 ha. The Property hosts high grade REE mineralization at the surface in a structurally controlled and steeply dipping carbonatite dike up to 25 meters thick with multi-kilometer potential. The Green Gold project, in which the Company has the right to acquire 100% interest, is comprised of fourteen (14) mineral c...