Troy MineralsInc. ('Troy' or the 'Company') (CSE:TROY)(OTCQB:TROYF) is pleased to announce that the Company has closed the second tranche of its previously announced private placement offering (the 'Offering').
Pursuant to the second tranche of the Offering, the Company issued 1,465,943 common shares of the Company at a price of
In connection with the second tranche of the Offering, the Company paid total cash commissions of
Proceeds of the Offering will be used towards advancing the Company's current mineral projects, potential acquisitions, marketing and awareness campaigns, and general working capital.
The securities issued in connection with the second tranche of the Offering will be subject to a four-month hold period ending on
Contact:
Tel: 604-218-4766
Email: rana@ranavig.com
About
The
The Lac Jaques project is a drive to project with close infrastructure located approximately 250km north of
The Green Gold project, in which the Company has the right to acquire 100% interest, is comprised of fourteen (14) mineral claims with an aggregate area of 11,238 hectares, is located in central
The Ticktock project, a 1,065-hectare property located within the prolific
Certain information contained herein constitutes 'forward-looking information' under Canadian securities legislation. Forward-looking information includes, but is not limited to the intended use of funds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'will' or variations of such words and phrases or statements that certain actions, events or results 'will' occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
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