Business
Tribeca Resources Closes C$1.28 Million Non-Brokered Private Placement
(TheNewswire) AUGUST 9, 2024 | VANCOUVER, BC – TheNewswire – ...
About this update from Tribeca Resources Corporation
[{"type":"text","content":"Tribeca Resources Closes C$1.28 Million Non-Brokered Private Placement \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n AUGUST 9, 2024\n \n\n |\n \n\n VANCOUVER, BC –\n \n\n TheNewswire\n–\n \n\n Tribeca Resources Corporation\n \n\n (TSXV: TRBC) (OTCQB: TRRCF) (“\n \n\n Tribeca Resources\n \n\n ”,\nthe “\n \n\n Company\n \n\n ”), further to the news release of July 26, 2024, is\npleased to announce that it has it has now closed the second and final\ntranche (the “\n \n\n Final\nTranche\n \n\n ”) of a non-brokered private placement\n(the “\n \n\n Private\nPlacement\n \n\n ”). Together with the first tranche,\nTribeca Resources raised gross proceeds of C$1,285,000.\n \n\n\n\n In connection with the Final Tranche, the Company\nraised gross proceeds of C$219,627 via the sale of 732,090 common\nshares of the Company (\"\n \n\n Common Shares\n \n\n \") at a price of C$0.30 per\nCommon Share.\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 drill program of\nup to 1,500 metres at the Company’s Chiricuto project, which\nfeatures a large 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 Tribeca Resources CEO, Dr Paul Gow\ncommented:\n \n\n\n\n “This additional capital will ensure we are well\nfinanced to advance and drill test the significant geophysical anomaly\nat the recently acquired Chiricuto project. The high calibre of\ninvestors we have attracted reflects the exciting exploration\npotential at the Chiricuto project and our team’s proven\ntrack-record at the La Higuera copper-gold project.”\n \n\n\n\n No finder’s fees were paid in connection with the\nFinal Tranche of the Private Placement. In connection with closing of\nthe first tranche, the Company paid C$7,500 to Tamesis Partners LLP\nand C$7,200 to Leede Jones Gable Inc. in consideration for introducing\ncertain subscribers to the Private Placement.\n \n\n\n\n All securities issued pursuant to the Private Placement\nare subject to a statutory hold period of four months and one day.\nClos...