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Trillium Gold Mines Closes Brokered Private Placement of $12.95 Million
Vancouver, British Columbia, Canada - TheNewswire - October 5, 2020 - Trillium Gold Mines Inc. ("Trillium" or the "Company") (TSXV:TGM) is pleased to announce t
About this update from Renegade Gold Inc.
[{"type":"text","content":"Vancouver, British Columbia, Canada - TheNewswire - October 5, 2020 - Trillium Gold Mines Inc. (\"Trillium\" or the \"Company\") (TSXV:TGM) is pleased to announce that, further to its news releases on September 2, 2020, it has completed a brokered private placement of: (i) 2,263,000 conventional units of the Company (the \"Units\") at a price of $1.70 per Unit; (ii) 1,631,600 common shares of the Company, each of which qualifies as a \"flow-through share\" (the \"FT Shares\") as defined in subsection 66(15) of the Income Tax Act (Canada) (the \"Tax Act\") at a price of $1.90 per FT Share; and (iii) 2,479,400 \"flow-through\" units of the Company (the \"FT Units\") at a price of $2.42 per FT Unit, for aggregate gross proceeds of $12,947,288 (the \"Offering\"). In addition, the Company is pleased to announce that it will undertake a non-brokered private placement of up to $200,000 of Units (the \"Follow-On Offering\") in order to allow subscribers who were not fully able to participate in the Offering due to oversubscriptions. The Units under the Follow-On Offering will be offered at a price of $1.70 per Unit and will be subject to TSX Venture Exchange review and acceptance. Each Unit consists of one common share in the capital of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a \"Warrant\"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $2.60 per Common Share until October 2, 2022. Each FT Unit consists of one Common Share which qualifies as a \"flow-through share\" as defined in subsection 66(15) of the Tax Act and one-half of one Warrant (a \"FT Unit Warrant\"). Each FT Unit Warrant entitles the holder thereof to acquire one Common Share at a price of $2.60 until October 2, 2022. The Offering was led by Eight Capital and included Echelon Wealth Partners (together, the \"Agents\"). In connection with the Offering, the Company has paid to the Agents a cash commission of $735,251. In addition, the Company issued to the Agents an aggregate of 351,766 compensation warrants of the Company (each, a \"Compensation Warrant\"). Each Compensation Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $1.70 for a period of 24 months following the closing date of the Offering. The Company inten...