Trillium Gold Mines Inc. Announces Shares for Debt Settlement
TRILLIUM GOLD MINES INC.
Suite 2250, 1055 West Hastings Street, Vancouver, British Columbia, V6E 2E9
Tel: (604) 688-9588 ♦ Fax: (778) 329-9361
Trillium Gold Mines Inc. Announces Shares for Debt Settlement
Vancouver, British Columbia, Canada, July 3, 2020, Trillium Gold Mines Inc. (TSX-V:
TGM) (“ Trillium Gold ” or the “ Company”) (formerly known as Confederation Minerals
Ltd.) announces that the Company intends to settle a total of $458,100 of debt (the “ Debt”)
with two arm’s length parties (the “ Shares for Debt Settlement”) pursuant to debt settlement
agreements. The Company will settle the Debt by issuing 497,934 common shares of the
Company at a deemed price of $0.92 per common share.
The Company negotiated the Shares for Debt Settlement in light of the Company’s current
working capital position and in order to preserve capital to fund the continued development of
the Company’s mineral projects.
All securities issued in connection with the Shares for Debt Settlement will be subject to a
statutory hold period of four months plus a day from the date of issuance in accordance with
applicable securities legislation.
Closing of the Shares for Debt Settlement is subject to a number of conditions, including
receipt of all necessary corporate and regulatory approvals, including the TSX Venture
Exchange.
For further information about this news release and the Company’s current activities contact
[email protected], visit our website at www.trilliumgold.com or call us at 604-688-
9588.
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
“David Velisek”
David Velisek
CEO and Director
Trillium Gold Mines Inc.
Suite 2250, 1055 West Hastings Street
Vancouver, B.C.
604.688.9588
www.trilliumgold.com
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a British Columbia based company engaged in the business of
acquisition, exploration and development of mineral properties located in the highly
prospective Red Lake Mining District of Northern Ontario.
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.