Business
Trinity One Metals Announces Upsized Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Trinity One Metals Ltd. (TSX...
About this update from Trinity One Metals Ltd.
[{"type":"text","content":"Trinity One Metals Announces Upsized Private PlacementVancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Trinity One Metals Ltd. (TSXV: TOM) (\"Trinity One\" or the \"Company\") is pleased to announce that as a result of strong investor demand, the Company has increased the aggregate proceeds of its previously announced non-brokered private placement from $600,000 to $750,000.Under the terms of the upsized non-brokered private placement the Company proposes to issue up to a total of 15,000,000 units (each, a \"Unit\"), at a purchase price of $0.05 per Unit, to raise total gross proceeds of up to $750,000 (the \"Offering\"). Each Unit will consist of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a price of $0.075 at any time on or before that date which is thirty-six months after the closing date of the Offering, subject to the approval of the TSX Venture Exchange (\"TSXV\"). The net proceeds received from the sale of the Units will be used for the assessment of new growth opportunities, maintenance of the Company's existing exploration portfolio and for general working capital. The Units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The Company may pay finders' fees to eligible finders in connection with the Offering, subject to compliance with applicable securities laws and the policies of the TSXV. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day after the date of issuance in accordance with applicable securities laws and the policies of the TSXV. Completion of the Offering, and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV.Related Party TransactionIn connection with the Offering, certain insiders of the Company, including officers and directors, intend to subscribe for 4,300,000 Units. The acquisition of the Units by insiders in connection with the Offering will be considered a \"related party transaction\" pursuant to Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions (\"MI 61-101\") requiring ...