On June 18, 2024, Trans Canada Gold Corp closed the transaction. The company announced that it has 6,980,000 units at an issue price of CAD 0.05 per Unit to raise gross proceeds of CAD 349,000. 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. No finders? fees were paid in connection with the Offering.

All of the securities issued in connection with the Offering will be subject to a four month hold period expiring on October 19, 2024. The Offering remains subject to final approval of the TSX Venture Exchange. The transaction included participation from individual investor Tim Coupland acquired the 3,950,000 Units at a price of CAD 0.05 per Unit for the total purchase price of CAD197,500 pursuant to the Offering.

Immediately prior to the Offering, Coupland owned and/or had control over an aggregate of 542,408 common shares, representing approximately 1.22% of the issued and outstanding common shares of the Company on an undiluted basis, of which 532,958 shares are owned directly by Mr. Coupland and 9,450 shares are held by T8X Capital Ltd. (?T8X Capital?), a company owned and controlled by Mr. Coupland. Following completion of the Offering, Mr. Coupland now owns and/or has control over an aggregate of 4,492,408 common shares, representing approximately 8.76% of the issued and outstanding common shares of the Company on an undiluted basis, of which 4,332,958 shares are owned directly by Mr. Coupland and 159,450 shares are held by T8X Capital. This represents an approximate 7.53% change in Mr. Coupland?s ownership and/or control of common shares of the Company on an undiluted basis.

In addition, after completion of the Offering, Coupland also owns and/or has control over an aggregate of 5,950,000 warrants and 1,075,000 stock options, of which 5,650,000 warrants are owned directly by Mr. Coupland and 300,000 warrants are held by T8X Capital. If Coupland exercises all of his warrants and stock options, he would then own and/or have control over an aggregate of 11,517,408 common shares, representing approximately 19.75% of the issued and outstanding common shares of the Company on a partially diluted basis, assuming that no further common shares of the Company have been issued. Insiders subscribed for 4,000,000 Units for aggregate proceeds of CAD 200,000 pursuant to the Offering