Trident Resources Completes $2.25 Million Flow-Through Financing
Suite 1030 – 505 Burrard Street, Vancouver, BC, Canada, V7X1M5
TSX-V: ROCK; OTCQB: TRDTF
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
June 20th, 2025
NEWS RELEASE
Trident Resources Completes $2.25 Million Flow-Through Financing
Vancouver, BC, June 20th, 2025 – Trident Resources Corp. (TSX-V: ROCK) (OTCQB :
TRDTF) (“Trident” or the “ Company”) announces that it has closed a non -brokered private
placement financing for total gross proceeds of CAD $ 2,250,000 (the “Private Placement”). The
Private Placement attracted participation from two strategic institutional investors.
Trident has allotted and issued 3,000,000 units (the “Units”) at a price of CAD $0. 75 per Unit.
Each Unit is comprised of one flow-through common share (each, a “FT Share”) and one-half of
one transferable warrant (each whole, a “Warrant”). Each Warrant will entitle the holder to
purchase one non -flow through common share for a period of two (2) years at a price of CAD
$1.15 per share.
In relation to the Private Placement, the Company has paid finder’s fees of $90,000 to an arm’s-
length party.
The Company intends to use the proceeds from this Private Placement for exploration and
upcoming drilling programs at its Saskatchewan Gold Projects. The Private Placement is subject
to final TSX Venture Exchange approval and all securities issued are subject to a four -month-
and-one-day hold period.
Jonathan Wiesblatt, CEO, commented: "Trident is well-funded with over $10M in its treasury now
consisting of cash and cash-equivalent assets. Over the next few months, the Company will focus
on its exploration work which includes drilling at Contact Lake to confirm the high-grade potential
resources left behind by the former owner and testing the extension of the trend both along strike
and at depth. The Company expects extensive news flow from the assay results in H2 2025. We
are extremely excited to be commencing modern gold exploration in the historically prolific and
high-grade La Ronge Greenstone Belt. The results from this drill program will be pivotal for
resource expansion and planning regional exploration programs in the future.”
The Company will use an amount equal to the gross proceeds from the sale of the FT Shares to
incur eligible "Canadian exploration expenses" that will qualify as "flow -through mining
expenditures", as such terms are defined in the Income Tax Act (Canada) (" Qualifying
Expenditures") in relation to the Company's Gold Project s, on or before December 31, 2026. All
Qualifying Expenditures will be renounced in favour of the subscribers effective December 31,
2025.
The securities offered have not been, nor will they be, registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This news release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in
any State in which such offer, solicitation or sale would be unlawful.
About Trident Resources Corp.:
Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX
Venture Exchange focused on the acquisition, exploration and development of advanced -stage
gold and copper exploration projects in Saskatchewan, Canada. The Company is advancing its
100% owned Contact Lake and Greywacke Lake projects which host significant historical gold
resources located within the prospective and underexplored La Ronge Gold Belt, as well as the
100% owned Knife Lake copper project which contains a historical copper resource.
Trident’s Project Portfolio Map:
https://www.tridentresourcescorp.com/projects/contact-gold-project/#&gid=1&pid=1
To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company’s website
at www.tridentresourcescorp.com
Trident Resources Corp.
Jonathan Wiesblatt, Chief Executive Officer
Email: [email protected]
For further information contact myself or:
Andrew J. Ramcharan, PhD, P.Eng., Corporate Communications
Trident Resources Corp.
Telephone: 647-309-5130
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE.
Forward-Looking Information and Statements
This release includes certain statements that may be deemed to be "forward-looking statements".
All statements in this release, other than statements of historical facts, that address events or
developments that management of the Company expects, are forward -looking
statements. Although management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those in the forward-
looking statements. The Company undertakes no obligation to update these forward -looking
statements if management's beliefs, estimates or opinions, or other factors, should change.
Factors that could cause actual results to differ materially from those in forward-looking
statements, include market prices, exploration and development successes, regulatory approvals,
continued availability of capital and financing, and general economic, market or business
conditions. Please see the public filings of the Compa ny at www.sedarplus.ca for further
information.