Trans Canada Gold Corp announced a non-brokered private placement financing of 10,000,000 units at issue price CAD 0.05 for gross proceeds CAD 500,000 on May 24, 2024. Each unit will consist of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share in the capital of the company at an exercise price of CAD 0.15 per share for a period of three years from the date of issuance.

In connection with the financing, the Company proposes to pay a finders' fee to arm's length parties for services rendered in respect of the Offering. The finder's fee will consist of a cash fee equal to 6% of the gross proceeds of the Offering and finder's warrants equal in number to 6% of the number of Units sold under the Offering. Each finder's warrant will entitle the holder to acquire one common share of the Company at a price of $0.15 per share for a period of three years from the date of issuance.