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Tribeca Resources Announces Non-Brokered Private Placement of up to C$3M with Lead Orders from Three Sophisticated Investors
(TheNewswire) JULY 11, 2023 – TheNewswire - VANCOUVER, BC - Tribeca Resource...
About this update from Tribeca Resources Corporation
[{"type":"text","content":"Tribeca Resources Announces Non-Brokered Private Placement of up to C$3M with Lead Orders from Three Sophisticated Investors\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n JULY 11, 2023 –\n \n \n TheNewswire -\n \n \n VANCOUVER, BC - Tribeca Resources\nCorporation (TSXV:TRBC)\n \n \n |\n \n \n (OTC:TRRCF)\n \n \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 9,090,909 units\n(\"\n \n \n Units\n \n \n \") at a price of C$0.33 per Unit for aggregate gross\nproceeds of up to C$3,000,000 (the “\n \n \n Private Placement\n \n \n ”).\n \n \n \n \n Each Unit will be comprised of one common share of the\nCompany (a \"\n \n \n Common\nShare\n \n \n \") and one-half of one Common Share\npurchase warrant of the Company (each whole warrant, a\n\"\n \n \n Warrant\n \n \n \"). Each Warrant will entitle the holder thereof to\npurchase one additional Common Share at an exercise price of C$0.55\nfor a period of 24 months from the date of issuance of the\nWarrant.\n \n \n \n \n The proceeds of the Private Placement will be used to\nadvance the Company's La Higuera Project, for wider business\ndevelopment activities and general corporate purposes, as the Board of\nDirectors of the Company may approve and direct.\n \n \n \n \n The Company has received lead orders from a group of\nsophisticated European investors, including one existing shareholder\nand two new investors, totalling $2,150,000.\n \n \n \n \n Tribeca Resources CEO, Dr Paul Gow\ncommented:\n \n \n \n \n “This additional capital,\nunderpinned by lead orders from one existing and two new cornerstone\ninvestors, means we are financed, not only to test the open extensions\nat the Gaby discovery, but potentially also to include further\ndrill-ready targets at La Higuera in our planned Phase 2 drill\nprogramme. The quality of investors we have been able to attract are,\nwe believe, a result of the exciting exploration potential at our La\nHiguera copper-gold project.”\n \n \n \n \n In connection with the Private Placement, the Company\nwill pay a finder's fee comprised of 6% cash and 6% warrants to\neligible finders in accordance with applicable securities l...