Business
Triumph Gold Provides Update on Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, May 09, 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, May 09, 2019 (GLOBE NEWSWIRE) -- Triumph Gold Corp. (\"Triumph Gold\" or the “Company”) (TSX Venture Exchange: TIG) announces that further to its news release on April 10, 2019, it is offering on a private placement basis up to 6,150,000 non-flow through units (the “Non-FT Units”) at a price of CDN$0.35 per Non-FT Unit (the \"Non-FT Offering\") and up to 7,757,000 flow-through units (the “FT Units”) at a price of CDN$0.49 per FT Unit (the \"FT Offering\"), for aggregate gross proceeds of up to CDN$5,953,430. The FT Units are being sold as part of a charity flow through arrangement. Each Non-FT Unit consists 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 FT Unit consists of one flow-through Share and one-half of one 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 Non-FT 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”) and purchases Non-FT Units. 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 Non-FT Offering, (b) be purchasing the securities 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, Saskatchew...