[ad_1]
Do not distribute on United States Newswire services or broadcast in the United States
VANCOUVER, British Columbia, December 30, 2020 (GLOBE NEWSWIRE) – Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) (the “Company“) Announcement that it is correcting its private placement completed in July 2020 to include additional proceeds of $ 137,000 from subscriptions of 685,000 units (“Units”). Including the additional subscriptions, the total of the private placements announced on July 17 and July 24 is 32,283,000 units for proceeds of $ 6,747,000. Each unit consisted of one common share and one warrant of the company. Each warrant may be exercised for one common share of the Company at an exercise price of $ 0.30 per share for a period of three years.
The proceeds are primarily used for the Company’s exploration activities and for general working capital purposes. Additional securities issued are subject to a four-month holding period in accordance with applicable stock exchange requirements.
About Triumph Gold Corp.
Triumph Gold Corp. is a growth-oriented Canadian gold exploration and development company with a district-wide land package in a mining-friendly Yukon. The Freegold Mountain Company’s flagship project is located in the Dawson Range and hosts three NI 43-101 mineral deposits and covers a large section of the Big Creek Fault zone, a structure related to epithermal gold and gold mineralization. silver as well as porphyritic copper mineralization. The Company, led by an experienced management team, is focused on creating value by advancing its “gold first” strategic exploration program. For more information, please visit our website www.triumphgoldcorp.com.
On behalf of the board of directors
Signed “John Anderson”
John Anderson, Executive Chairman
Investor Relations on Mars
(416) 275-9160
[email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Material factors – including the availability of funds, the results of financing efforts, the performance of due diligence and the results of exploration activities – that could cause actual results to differ materially from the Company’s expectations are disclosed in company documents filed from time to time. on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Source link
