Trillium Gold Closes Acquisition of Willis Property

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[{"type":"text","content":"\n \n \n \n Trillium Gold Closes Acquisition of Willis Property\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 PR Newswire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 26, 2021\n \n /PRNewswire/ -\n \n Trillium Gold Mines Inc.\n \n (TSXV: TGM) (OTCQX: TGLDF) (FRA: 0702) (\"Trillium Gold\" or the \"Company\") is pleased to report the closing of the previously announced acquisition of thirteen patented mineral claims totalling 229 hectares, collectively known as the \"Willis Property\". The Property is situated southwest of Trillium Gold's 100%-owned Newman Todd (NT) Property in Todd Township, Red Lake Mining District,\n \n Ontario\n \n , see Figure 1 below.\n \n \n Through the completion of payments totalling\n \n $420,000\n \n and an aggregate of 400,000 common shares in the capital of the Company which are subject to a four month hold period, Trillium Gold has acquired 100% interest in the Willis Property. The Property is subject to a 2% net smelter returns (NSR) royalty (the \"Royalty\"), one-half (1%) of which Trillium Gold has the right to repurchase for consideration of\n \n $1.2 million\n \n , payable in cash or shares. In addition, the Company has a right of first refusal should the holders of the Royalty choose to sell the Royalty in the future.\n \n \n On behalf of the Board of Directors,\n \n Trillium Gold Mines Inc.\n \n \n \n Russell Starr\n \n \n President, CEO and Director\n \n \n \n \n \n \n \n \n \n \n About Trillium Gold Mines Inc.\n \n \n \n Trillium Gold Mines Inc. is a growth focused company engaged in the business of acquisition, exploration and development of mineral properties located in the Red Lake Mining District of\n \n Northern Ontario\n \n . The Company has been increasing its holdings in the Confederation Lake and Birch-Uchi greenstone belts and has a non-binding LOI to further consolidate its contiguous land assemblage to more than 100 km in length.  In addition, the Company has interests in highly prospective properties in\n \n Larder Lake, Ontario\n \n and the\n \n Matagami\n \n and Chibougamou areas of\n \n Queb...

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