Trillium Gold Mines Announces Closing of C$7.5 Million Brokered Private Placement
NEWS RELEASE
Trillium Gold Mines Inc. [email protected] +1 604 688 9588 +1 778 329 9361
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Trillium Gold Mines Announces Closing of
C$7.5 Million Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
VANCOUVER, BC, March 2, 2022 - Trillium Gold Mines Inc. (TSXV: TGM) (FRA:0702) (“Trillium
Gold” or the "Company") is pleased to announce the closing of its previously announced brokered
private placement (the “Offering”) for gross proceeds of C$7,500,000. The Offering was upsized
from its original gross proceeds of up to C$5,000,000 and includes the full proceeds of the Agent’s
option. The Offering was led by Red Cloud Securities Inc. (the “Agent”) and is comprised of the
sale of the following:
• 3,753,586 units of the Company (each, a "Unit") at a price of C$0.53 per Unit;
• 4,036,220 flow-through units of the Company (each, a "FT Unit") at a price of C$0.60
per FT Unit; and
• 4,118,490 FT Units sold to charitable purchasers (each, a "Charity FT Unit") at a price
of C$0.75 per Charity FT Unit.
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 FT Unit and
Charity FT Unit consists of one common share of the Company issued as a “flow-through share”
within the meaning of the Income Tax Act (Canada), (each, a “FT Share”) and one half of one
Warrant. Each Warrant entitles the holder to purchase one common share of the Company (each,
a “Warrant Share”) at a price of C$0.80 at any time on or before March 2, 2024.
Proceeds from the sale of FT Shares will be used to incur "Canadian exploration expenses" as
defined in subsection 66.1(6) of the Income Tax Act (Canada) and "flow through mining
expenditures" as defined in subsection 127(9) of the Income Tax Act (Canada). Such proceeds
will be renounced to the subscribers with an effective date not later than December 31, 2022, in
the aggregate amount of not less than the total amount of gross proceeds raised from the issue
of FT Shares.
The Company intends to use the proceeds raised from the Offering for exploration of the
Company’s Red Lake properties , as well as for general working capital purposes. The Unit
Shares, FT Shares , Warrants and Warrant Shares will be subject to a four-month hold period
ending on July 3, 2022.
As consideration for its services, the Agent received a cash commission of C$450,000 and
714,497 broker warrants, with each broker warrant entitling the Agent to purchase one common
share of the Company at a price of C$0.53 until March 2, 2024.
The securities offered have not been and will not be registered under the United States Securities
Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities law, and may
not be offered or sold in the “United States” or to “U.S. persons” (as such terms are defined in
Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and
all applicable U.S. state securities laws or compliance with an exemption from such registration
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Trillium Gold Mines Inc. [email protected] +1 604 688 9588 +1 778 329 9361
124312099v2
requirements. This press release shall not constitute an offer to sell or the solicitation of an offer
to buy any securities in the United States or to U.S. persons nor shall there by any sale of the
securities in any state in which such offer, solicitation or sale would be unlawful.
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
Russell Starr
Chairman, President & CEO
For further information, please contact Donna Yoshimatsu, VP Corporate Development and
Investor Relations at [email protected], (416) 722-2456, or [email protected].
Visit our website at www.trilliumgold.com.
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a growth focused company engaged in the business of acquisition,
exploration and development of mineral properties located in the Red Lake Mining District of
Northern Ontario. As part of its regional -scale consolidation strategy , the Company has
assembled one of the largest prospective land packages in and around the Red Lake mining
district in proximity to major mines and deposits , as well as the Confederation Lake and Birch-
Uchi greenstone belts. Recent examples are the acquis ition of the Willis property southwest of
the Newman Todd C omplex, and a definitive agreement giving the Company control over a
significant portion of the Confederation Lake Greenstone Belt to more than 100 km of prospective
structures. In addition, the Company has interests in highly prospective properties in Shining
Tree and Larder Lake, Ontario and the Matagami and Chibougamau 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.
Cautionary note regarding forward-looking statements
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 expectations.
Forward-looking information is based on management’s reasonable assumptions, estimates, expectations,
analyses and opinions, which are based on management’s experience and perception of trends, current
conditions and expected developments, and other factors that management believes are relevant and
reasonable in the circumstances, but which may prove to be incorrect. Such factors, among others, include:
impacts arising from the global disruption caused by the Covid- 19 coronavirus outbreak, business
integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets;
fluctuations in spot and forward prices of gold or certain other commodities; change in national and local
government, legislation, taxation, controls, regulations and political or economic developments; risks and
hazards associated with the business of mineral exploration, development and mining (including
environmental hazards, industrial accidents ); inability to obtain adequate insurance to cover risks and
hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations;
relationships with and cl aims by local communities and indigenous populations; availability of increasing
costs associated with mining inputs and labour; the speculative nature of mineral exploration and
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Trillium Gold Mines Inc. [email protected] +1 604 688 9588 +1 778 329 9361
124312099v2
development (including the risks of obtaining necessary licenses, permits and approvals from government
authorities); and title to properties.
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.