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Trillium Gold Announces Closing of C$5,000,000 Brokered Private Placement Announces New Chief Financial Officer
Trillium Gold Announces Closing of C$5,000,000 Brokered Private Placement Announces New C...
About this update from Renegade Gold Inc.
[{"type":"text","content":"\n \n \n \n Trillium Gold Announces Closing of C$5,000,000 Brokered Private Placement Announces New Chief Financial Officer\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 28, 2021\n \n /CNW/ -\n \n Trillium Gold Mines Inc.\n \n (TSXV: TGM) (OTCQX: TGLDF) (FRA: 0702) (\"Trillium Gold\" or the \"Company\") is pleased to announce the completion of its previously announced brokered private placement of 5,000,000 units of the Company (the \"Units\") at a price of\n \n C$1.00\n \n per Unit for gross proceeds of\n \n C$5,000,000\n \n (the \"Offering\"). The Offering included the exercise of the Agents' over-allotment option. The Offering was led by Red Cloud Securities Inc. and included Eight Capital (collectively, the \"Agents\").\n \n \n \n \n \n \n \n \n \n Each Unit consists of one common share of the Company (each, a \"Unit Share\") and one half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant shall be exercisable to acquire one common share of the Company (each, a \"Warrant Share\") at a price of\n \n C$1.50\n \n at any time on or before\n \n June 28, 2023\n \n .\n \n \n The Company intends to use the net proceeds from the Offering to advance its\n \n Red Lake\n \n properties as well as for general working capital purposes.  As consideration for their services, the Agents received a cash commission of\n \n C$243,870\n \n , an advisory fee of\n \n C$34,650\n \n and 203,225 non-transferable broker warrants (\"Broker Warrants\"), each entitling the Agents to purchase one Unit at a price of\n \n C$1.00\n \n until\n \n June 28, 2023\n \n . The Company also issued to the Agents a total of 27,500 agents' options exercisable into Units on the same terms of exercise as the Broker Warrants.\n \n \n The Unit Shares and Warrant Shares will have a four month hold period expiring on\n \n October 29, 2021\n \n .\n \n \n \n The secu...