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Trillium Gold Mines Announces Brokered Private Placement for up to C$4.0 Million
Trillium Gold Mines Announces Brokered Private Placement for up to C$4.0 Million ...
About this update from Renegade Gold Inc.
[{"type":"text","content":"\n \n \n \n Trillium Gold Mines Announces Brokered Private Placement for up to C$4.0 Million\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 3, 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 that it has entered into an agreement with Red Cloud Securities Inc. (the \"\n \n Lead Agent\n \n \") to act as lead agent and sole bookrunner on behalf of a syndicate of agents (together with the Lead Agent, the \"\n \n Agents\n \n \") in connection with a best efforts, private placement of up to 4,000,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n C$1.00\n \n per Unit for gross proceeds of up to\n \n C$4,000,000\n \n (the \"\n \n Offering\n \n \").\n \n \n \n \n \n \n \n \n \n Each Unit will be comprised of one common share of the Company (each, a \"\n \n Unit Share\n \n \") and one half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant shall be exercisable to acquire one common share of the Company (each, a \"\n \n Warrant Share\n \n \") at a price of C$1.50 at any time on or before the date which is 24 months after the closing date of the Offering.\n \n \n The Agents will have an option, exercisable in full or in part up to 48 hours prior to the closing of the Offering, to sell up to an additional 1,000,000 Units at the unit price for additional gross proceeds of up to\n \n C$1,000,000\n \n (the \"\n \n Agents' Option\n \n \").\n \n \n The Company intends to use the net proceeds raised from the sale of Units to advance the exploration projects of the Company's\n \n Red Lake\n \n properties as well as for general working capital purposes. The Offering is scheduled to close on or around\n \n June 25, 2021\n \n and is subject to certain conditions including, but not limited to, ...