Tribeca Resources Upsizes Previously Announced Non-Brokered Private Placement to C$6.5 Million and Provides Clarification Regarding Prior Announcement

About this update from Tribeca Resources Corporation

[{"type":"text","content":"Tribeca Resources Upsizes Previously Announced Non-Brokered Private Placement to C$6.5 Million and Provides Clarification Regarding Prior Announcement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n 15 OCTOBER, 2025\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 ” or the “\n \n\n Company\n \n\n ”) is\npleased to announce that, due to strong investor demand, it has\nupsized its previously announced non-brokered private placement from\nup to 23,809,523 units of the Company (“\n \n\n Units\n \n\n ”) for\naggregate gross proceeds of up to $5,000,000, to up to 30,952,380\nUnits for aggregate gross proceeds of up to $6,500,000, at a price of\n$0.21 per Unit (the “\n \n\n Offering\n \n\n ”). The Offering remains subject to\na minimum aggregate subscription amount of $2,000,000 (the\n“\n \n\n Minimum Offering\nAmount\n \n\n ”).\n \n\n\n\n Each Unit will be comprised of one common share of the\nCompany (each, a “\n \n\n Share\n \n\n ”) and one-half of one common share\npurchase warrant (each whole warrant, a “\n \n\n Warrant\n \n\n ”). Each\nWarrant will be exercisable by the holder thereof to acquire one\nadditional Share (each, a “\n \n\n Warrant Share\n \n\n ”, and together with the Units,\nShares and Warrants, the “\n \n\n Securities\n \n\n \") at an exercise price of\n$0.30 if exercised within the first 12 months following the Closing\nDate (as defined below) and $0.40 if exercised within the subsequent\n12-month period, for a total exercise period of 24 months from the\nClosing Date; provided that: (i) the Warrants shall not be exercisable\nwithin the initial 60-day period following the Closing Date and (ii)\nthe Company will have the right to accelerate the expiry of the\nWarrants in the event the Shares trade on the TSX Venture Exchange\n(the “\n \n\n TSXV\n \n\n ”) (or any such other stock exchange in Canada as the\nShares may trade at the applicable time) at a volume weighted average\ntrading price (\"\n \n\n VWAP\n \n\n \") of C$0.50 or more per Share for a\nten (10) consecutive trading day period.\n \n\n\n\n Subject to compliance with applicable regulatory\nrequireme...

More updates from Tribeca Resources Corporation