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Trident Announces Full Exercise of Over-Allotment Option and Expected Proceeds of $18.6 Million to Fully Fund Expanded 2026 Drilling at Saskatchewan Gold Projects
Vancouver, BC, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp.  (TSX-V: ROCK...
About this update from Trident Resources Corp.
[{"type":"text","content":"Trident Announces Full Exercise of Over-Allotment Option and Expected Proceeds of $18.6 Million to Fully Fund Expanded 2026 Drilling at Saskatchewan Gold Projects\nVancouver, BC, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) (“Trident” or the “Company”) is pleased to announce that, in connection with its previously announced bought deal financing (the “Bought Deal Offering”), the underwriters led by Haywood Securities Inc., and including Research Capital Corporation (collectively, the “Underwriters”), have exercised the over-allotment option to purchase an additional 600,000 common shares of the Company that will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) (each, a “FT Share”) at a price of $3.76 per FT Share, increasing the aggregate gross proceeds to the Company under the Bought Deal Offering to $17,296,000. Due to strong investor demand, the Company has additionally announced a concurrent non-brokered private placement through the issuance of 348,000 FT Shares at a price of $3.76 per FT Share for additional gross proceeds to the Company of $1,308,480 to accommodate certain strategic investors (the “NBPP”, and together with the Bought Deal Offering, the “Offerings”). The FT Shares issued under the Offerings will be issued on a prospectus-exempt basis pursuant to the ‘listed issuer financing exemption’ (“LIFE”) under applicable Canadian securities laws. The gross proceeds from the sale of FT Shares will be used for further exploration, mineral resource expansion and drilling at Trident’s gold projects located in the La Ronge Gold Belt of Saskatchewan, as Canadian Exploration Expenses as defined in paragraph (f) of the definition of “Canadian exploration expense” in subsection 66.1(6) of the Income Tax Act (Canada) and “flow through mining expenditures” as defined in subsection 127(9) of the Income Tax Act (Canada) that will qualify as “flow-through mining expenditures”, which will be renounced with an effective date no later than December 31st, 2026 to the initial purchasers of FT Shares. ...