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Tribeca Resources Closes Oversubscribed C$3.3 Million Non-Brokered Private Placement
(TheNewswire) AUGUST 14, 2023 – TheNewswire - VANCOUVER, BC - Tribeca Resour...
About this update from Tribeca Resources Corporation
[{"type":"text","content":"Tribeca Resources Closes Oversubscribed C$3.3 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 14, 2023 –\n \n \n TheNewswire -\n \n \n VANCOUVER, BC - Tribeca Resources\nCorporation\n \n \n (TSXV:TRBC) (OTC:TRRCF)\n(“\n \n \n Tribeca\nResources\n \n \n ”, the “\n \n \n Company\n \n \n ”) is\npleased to announce that, further to the news releases dated July 11,\n2023 and July 24, 2023, it has now closed the second and final tranche\nof an oversubscribed non-brokered private placement (the\n“\n \n \n Private\nPlacement\n \n \n ”). Together with the first tranche,\nTribeca Resources raised gross proceeds of C$3,309,863.\n \n \n \n \n In connection with the final tranche, the Company\nraised gross proceeds of $503,488 via the sale of Units consisting of\none common share of the Company (a \"\n \n \n Common Share\n \n \n \")\nand one-half of one Common Share purchase warrant of the Company (each\nwhole warrant, a \"\n \n \n Warrant\n \n \n \"). Each Warrant entitles the\nholder thereof to purchase one additional Common Share at an exercise\nprice of C$0.55 for a period of 24 months from the date of issuance of\nthe Warrant, subject to certain acceleration provisions described\nbelow.\n \n \n \n \n No finder’s fees were paid in connection with the\nfinal tranche of the Private Placement.\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 Tribeca Resources CEO, Dr Paul Gow\ncommented:\n \n \n \n \n “We are very pleased with the\nresponse to our financing. The quality of investors we have been able\nto attract are, we believe, the result of the significant exploration\npotential at our La Higuera copper-gold project.”\n \n \n \n \n “With a treasury of over C$4M\nTribeca is now fully funded for what will be an exciting Phase 2 drill\nprogram at the project”.\n \n \n \n \n “Our plan to test the open\nextensions at the Gaby discovery, and potentially to include\nadditional drill-ready targets at La Higuera, means we are well placed\nto make the upcoming period a rewardin...