Business
Trillium Gold Closes Brokered Private Placement of $12.95 Million
(TheNewswire) Vancouver, British Columbia, Canada - TheNewswire - October 2, 2020...
About this update from Renegade Gold Inc.
[{"type":"text","content":"Trillium Gold Closes Brokered Private Placement of $12.95 Million\n \n \n (TheNewswire)\n \n \n \n Vancouver, British Columbia, Canada -\n \n \n TheNewswire - October 2,\n2020\n \n \n -\n \n \n Trillium Gold Mines Inc.\n \n \n (\"\n \n \n Trillium\n \n \n \" or the\n\"\n \n \n Company\n \n \n \") (TSXV:TGM) is pleased to announce that, further to\nits news releases on September 2, 2020, it has completed a brokered\nprivate placement of: (i) 2,263,000 conventional units of the Company\n(the \"\n \n \n Units\n \n \n \") at a price of $1.70 per Unit; (ii) 1,631,600 common\nshares of the Company, each of which qualifies as a \"flow-through\nshare\" (the \"\n \n \n FT\nShares\n \n \n \") as defined in subsection 66(15) of\nthe\n \n \n Income Tax Act\n \n \n (Canada) (the \"\n \n \n Tax Act\n \n \n \") at a\nprice of $1.90 per FT Share; and (iii) 2,479,400\n\"flow-through\" units of the Company (the \"\n \n \n FT Units\n \n \n \") at a\nprice of $2.42 per FT Unit, for aggregate gross proceeds of\n$12,947,288 (the \"\n \n \n Offering\n \n \n \").\n \n \n \n \n In addition, the Company is pleased to announce that it\nwill undertake a non-brokered private placement of up to $200,000 of\nUnits (the \"\n \n \n Follow-On\nOffering\n \n \n \") in order to allow subscribers\nwho were not fully able to participate in the Offering due to\noversubscriptions. The Units under the Follow-On Offering will be\noffered at a price of $1.70 per Unit and will be subject to TSX\nVenture Exchange review and acceptance.\n \n \n \n \n Each Unit consists of one common share in the capital\nof the Company (a \"\n \n \n Common\nShare\n \n \n \") and one-half of one Common Share\npurchase warrant (each whole Common Share purchase warrant, a\n\"\n \n \n Warrant\n \n \n \"). Each Warrant entitles the holder thereof to acquire\none Common Share at a price of $2.60 per Common Share until October 2,\n2022.\n \n \n \n \n Each FT Unit consists of one Common Share which\nqualifies as a \"flow-through share\" as defined in subsection\n66(15) of the Tax Act and one-half of one Warrant (a\n\"\n \n \n FT Unit\nWarrant\n \n \n \"). Each FT Unit Warrant entitles\nthe holder thereof to acquire one Common Share at a price of $2.60\nuntil October 2, 2022.\n \n \n \n \n The Offering was led by Eight Capital and included\nEchelon Wealth Partners (together, the \"\n \n \n Agents\n ...