Trillium Gold Announces Closing of C$5,000,000 Brokered Private Placement Announces New Chief Financial Officer
Trillium Gold Announces Closing of
C$5,000,000 Brokered Private Placement
Announces New Chief Financial Officer
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
VANCOUVER, BC
,
June 28, 2021
/CNW/ -
Trillium Gold Mines Inc.
(TSXV: TGM) (OTCQX:
TGLDF) (FRA: 0702) ("Trillium Gold" or the "Company") is pleased to announce the completion of its
previously announced brokered private placement of 5,000,000 units of the Company (the "Units") at
a price of
C$1.00
per Unit for gross proceeds of
C$5,000,000
(the "Offering"). The Offering included
the exercise of the Agents' over-allotment option. The Offering was led by Red Cloud Securities Inc.
and included Eight Capital (collectively, the "Agents").
Each Unit consists of one common share of the Company (each, a "Unit Share") and one half of one
common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall be
exercisable to acquire one common share of the Company (each, a "Warrant Share") at a price of
C$1.50
at any time on or before
June 28, 2023
.
The Company intends to use the net proceeds from the Offering to advance its
Red Lake
properties
as well as for general working capital purposes. As consideration for their services, the Agents
received a cash commission of
C$243,870
, an advisory fee of
C$34,650
and 203,225 non-
transferable broker warrants ("Broker Warrants"), each entitling the Agents to purchase one Unit at
a price of
C$1.00
until
June 28, 2023
. The Company also issued to the Agents a total of 27,500
agents' options exercisable into Units on the same terms of exercise as the Broker Warrants.
The Unit Shares and Warrant Shares will have a four month hold period expiring on
October 29,
2021
.
The securities described herein have not been, and will not be, registered under the United States
Securities Act, or any state securities laws, and accordingly, have not been offered or sold within
the United States
except in compliance with the registration requirements of the U.S. Securities Act
and applicable state securities requirements or pursuant to exemptions therefrom. This press
release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
Appointment of New Chief Financial Officer
Trillium Gold is pleased to announce that Mr.
Ian M. MacNeily
, CPA, CA, recently appointed as
Financial Advisor, has accepted the position of Chief Financial Officer and Corporate Secretary of
the Company, effective immediately. He replaces Ms.
Queenie Quang
, CPA, CGA of the Baron
Group.
Mr. MacNeily brings more than 20 years of executive financial management and leadership
experience in the mining sector. As a senior executive for a number of global mining and
development companies, he has considerable experience in strategic planning, acquisitions, financial
controls and reporting, capital restructuring and funding, metal trading, and implementing successful
finance programs that have resulted in improved financial position and increased shareholder value.
Prior mining companies where he served in a senior finance capacity include Abacus Mining Corp.,
North American Palladium Ltd., SRA Corporation, Desert Sun Mining, and Pangea Goldfields Inc.
Visit our website at
www.trilliumgold.com
.
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
"Russell Starr"
Russell Starr
President, CEO and Director
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a growth focused
British Columbia
based company engaged in the
business of acquisition, exploration and development of mineral properties located in the Red Lake
Mining District of
Northern Ontario
. The Company recently extended its holdings in the Confederation
Lake and Birch-Uchi greenstone belts, as well as in highly prospective properties in
Larder Lake,
Ontario
and the
Matagami
and Chibougamou areas of
Quebec
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release contains forward-looking information, which involves known and unknown risks,
uncertainties and other factors that may cause actual events to differ materially from current
expectation. Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. The Company disclaims any
intention or obligation, except to the extent required by law, to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
SOURCE
Trillium Gold Mines Inc.
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For further information:
please contact Donna Yoshimatsu, VP Corporate Development and
Investor Relations at [email protected], (416) 722-2456, or [email protected], 604-
688-9588.
CO: Trillium Gold Mines Inc.
CNW 09:32e 28-JUN-21