Troy Minerals Inc. announced a private placement of up to 800,000 flow-through units at a price of CAD 1.25 per FT unit for gross proceeds of up to CAD 1,000,000 on December 19, 2023. Each FT Unit will be comprised of one flow-through common share of the company and one-half of one non-transferable share purchase warrant. Each whole warrant is exercisable into one non-flow-through common share of the company at an exercise price of CAD 2.50 per share for period of two years from the date of issuance.

Securities issued in connection with the Offering will be subject to a four month hold period, in accordance with securities laws and the policies of the Canadian Securities Exchange, as applicable. The Offering is subject to CSE acceptance.