Business
Triumph Gold Announces Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, April 16, 2019 (GLOBE NEWSWIRE)
About this update from Triumph Gold Corp.
[{"type":"text","content":" NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, April 16, 2019 (GLOBE NEWSWIRE) -- Triumph Gold Corp. (\"Triumph Gold\" or the “Company”) (TSX Venture Exchange: TIG) (OTCMKTS: TIGCF) (Frankfurt: 8N61) is pleased to announce its intention to complete a non-brokered private placement (the \"Offering\") of up to 17,000,000 units (the \"Units\") at a price of CDN$0.35 per Unit for gross proceeds of up to CDN$5,950,000. Each Unit will consist of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each whole Warrant will be exercisable to acquire one Share at an exercise price of CDN$0.60 per Share for a period of 24 months from the date of issuance. The Offering is available to investors in reliance on certain prospectus exemptions including to existing shareholders of the Company (the \"Existing Security Holder Exemption\") and to investors who have received investment advice (the \"Investment Dealer Exemption\"). The Existing Security Holder Exemption is available in each of the provinces and territories of Canada to a person or company who became a shareholder of the Company on or before April 9, 2019 (the “Record Date”). To rely upon the Existing Security Holder Exemption, the shareholder must: (a) have been a shareholder of the Company on the Record Date and continue to hold shares of the Company until the date of closing of the Offering, (b) be purchasing the Shares as a principal and for their own account and not for any other party, and (c) not subscribe for more than CDN$15,000 of securities from the Company in any 12-month period unless the shareholder has obtained advice regarding the suitability of the investment from a person registered as an investment dealer in the shareholder’s jurisdiction. The Investment Dealer Exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick to a person or company who has obtained advice regarding the suitability of the investment from a person registered as an investment dealer in such person’s or company’s jurisdiction. As required by the Existing Security Holder Exemption and Investment Dealer Exemption, the Company confirms there is no material ...