Completion of Initial Public Offering
TRIGOLD RESOURCES INC.
9285 - 203B STREET LANGLEY, BRITISH COLUMBIA, V1M 2L9
Telephone: (604) 290-6152 Facsimile: (604) 888-1892
NEWS RELEASE
COMPLETION OF INITIAL PUBLIC OFFERING
November 1, 2012
TRIGOLD RESOURCES INC. (the “Company”) (TSX-V: “TGD”) is pleased to announce that it has completed its Initial Public Offering of 4,500,000 common shares at a price of $0.15 per common share (the “IPO”) for gross proceeds of $675,000. Canaccord Genuity Corp. (the “Agent”) has been paid a cash commission equal to 8% of the proceeds from the sale of common shares pursuant to the IPO and a cash corporate finance fee. Additionally, the Company has granted agents’ warrants to the Agent and members of its selling group entitling them to purchase up to 360,000 common shares at an exercise price of $0.15 per common share, exercisable on or before November 1, 2014. The Company currently has 8,462,500 common shares issued and outstanding.
The Company also announces that it has received approval of its application to list its common shares on the TSX Venture Exchange (“TSX-V”). The Company’s common shares are expected to commence trading on the TSX-V on Monday, November 5, 2012 under the trading symbol “TGD”.
About the Company
The Company is engaged in the business of mineral exploration in British Columbia. Its objective is to locate and develop economic precious and base metals properties of merit and to conduct its exploration program on the Copper King – Cotton Belt Property. The Copper King - Cotton Belt Property consists of forty-two contiguous mineral claims comprising an aggregate 7,252 hectares, located in the Kamloops Mining Division, British Columbia.
The Company announces that the recommended Phase I work program consisting of geological mapping, rock and soil sampling and ground geophysics consisting of magnetic and VLF-EM is scheduled to commence immediately.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “Robert Coltura”
Robert Coltura, President and Chief Executive Officer
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.