Trailbreaker Closes Financing
TRAILBREAKER CLOSES FINANCING
May 12, 202 1 – Trailbreaker Resources Ltd. ( TBK.V) (“Trailbreaker” or “the Company” ) is pleased to
announce that it has received TSX Venture Exchange approval to close their private placement financing
consisting, previously announced May 4, 2021, for total gross proceeds of $1,048,610.
The Company will now issue 800,000 non-flow-through Units for gross proceeds (the “Units”), each $0.25
Unit priced consisting of 1 common share of the Company and 1 common share p urchase warrant (the
“Unit Warrants”), each Unit Warrant being exercisable for an additional common share of the Company
at $0.39 for 24 months from closing, subject to the right of the Company to accelerate the exercise period
should, after the expiration of the 4 month hold, shares of the Company trade close at or above $0.59 for
10 consecutive trading days. Proceeds of this portion of the financing will be used for general corporate
purposes, that may include corporate development and property acquisition.
The Company will also now issue 2,424,600 flow-through units (the “FT Units”), each $0.35 FT Unit
consisting of 1 flow-through share and 1 common share purchase warrant (the “FT Unit Warrants”), each
full FT Unit Warrant being exercisable at $0. 49 for a common share of the Company for 24 months. The
flow-through shares will entitle the holder to receive tax benefits applicable to flow -through shares in
accordance with the provisions of the Income Tax Act (Canada). Proceeds of the financing will be used to
advance Trailbreaker’s newly assembled Atsutla Gold Project in the province of British Columbia.
All securities issued pursuant to this financing are subject to a 4 -month hold period., such hold expiring
September 14, 2021.
Cash finders’ fees totaling $52,117 are being paid to various finders.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
For new information about the Company’s pro jects, please visit Trailbreaker’s website at
TrailbreakerResources.com and sign up to receive news. For further information , follow Trailbreaker’s
tweets at Twitter.com/TrailbreakerRes, use the ‘Contact’ section of our website, or contact us at (604) 681-
1820 or at [email protected].
TSX-V: TBK
APRAF.PK
Frankfurt:KCG1
TRAILBREAKER RESOURCES LTD.
650 W. Georgia Street, #2110
Vancouver, British Columbia
Canada, V6B 4N9
Telephone: 604 681 1820
Facsimile: 604 681 1864
https://www.TrailbreakerResources.com
https://twitter.com/TrailbreakerLtd.
2
Neither the 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.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information"
or "forward -looking statements" (collectively, "Forward -Looking Information") within the meaning of
applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of
1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events,
conditions or financial performance that is based on assumptions about future economic conditions and
courses of action; expectations regarding future exploration and drilling programs and receipt of related
permitting. In certain cases, Forward -Looking Information can be identified by the use of words and
phrases such as "anticipates", "expects", "understanding", "has agreed to" or variations of such words and
phrases or statements that certain actions, events or results "would", "occur" or "be achieved". Although
Trailbreaker has attempted to identify important factor s that could affect Trailbreaker and may cause
actual actions, events or results to differ materially from those described in Forward-Looking Information,
there may be other factors that cause actions, events or results not to be as anticipated, estimated or
intended. In making the forward-looking statements in this news release, if any, Trailbreaker has applied
several material assumptions, including the assumption that general business and economic conditions
will not change in a materially adverse manne r. There can be no assurance that Forward -Looking
Information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking
Information. Except as required by law, Trailbreaker does not assume any obligation to release publicly
any revisions to Forward -Looking Information contained in this news release to reflect events or
circumstances after the date hereof or to reflect the occurrence of unanticipated events.