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Tribeca Resources Announces Non-Brokered Private Placement of up to C$2M with Indications of Interest from Sophisticated Investors
(TheNewswire) NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES ...
About this update from Tribeca Resources Corporation
[{"type":"text","content":"Tribeca Resources Announces Non-Brokered Private Placement of up to C$2M with Indications of Interest from Sophisticated Investors\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH\nU.S. NEWS WIRES\n \n \n \n \n \n \n \n JUNE 13, 2024\n \n \n |\n \n \n VANCOUVER, BC –\n \n \n TheNewswire\n–\n \n \n Tribeca Resources\nCorporation\n \n \n (TSXV: TRBC) (OTCQB: TRRCF)\n(“\n \n \n Tribeca\nResources\n \n \n ”, the “\n \n \n Company\n \n \n ”) is\npleased to announce its intention to complete a non-brokered private\nplacement pursuant to which it will issue up to 6,666,667 common\nshares (\"\n \n \n Shares\n \n \n \") at a price of C$0.30 per Share\nfor aggregate gross proceeds of up to C$2,000,000 (the “\n \n \n Private Placement\n \n \n ”).\n \n \n \n \n The proceeds of the Private Placement will\npredominantly be used to fund:\n \n \n \n \n \n \n Pre-drilling activities and an initial 1,500 metre\ndrill program at the Company’s Chiricuto project, which features a\nlarge geophysical anomaly that remains undrilled;\n \n \n \n \n \n \n Advancement of the Company's La Higuera project ahead\nof Phase 3 drilling; and\n \n \n \n \n \n \n Wider business development activities and for general\ncorporate purposes.\n \n \n \n \n \n \n The Company has received indications of interest from a\nsmall group of sophisticated European and North American investors,\nfor a significant proportion of the Shares to be issued.\n \n \n \n \n Tribeca Resources CEO, Dr Paul Gow\ncommented:\n \n \n \n \n “This additional capital, underpinned by indications\nof interest from three long-term shareholders and one new investor,\nwill ensure we are well financed to advance and drill test the\nsignificant geophysical anomaly at the recently acquired Chiricuto\nproject. The high calibre of investors we have attracted reflects the\nexciting exploration potential at the Chiricuto project and our\nteam’s proven track-record at the La Higuera copper-gold\nproject.”\n \n \n \n \n In connection with the Private Placement, the Company\nwill pay a finder's fee comprised of 6% in cash or Shares to eligible\nfinders in accordance with applicable securities laws and the policies\nof the TSXV. Closing of the Private Plac...