Trailbreaker Resources Closes Financing
TRAILBREAKER RESOURCES CLOSES FINANCING
May 4th, 2021 – Trailbreaker Resources Ltd. ( TBK.V) (“Trailbreaker” or “the Company” ) is pleased to
announce that, subject to regulatory approval, it has closed their private placement financing consisting
of Hard Dollar Units and Flow -Through Units, for total gross proceeds of $1,048,610, an increase of
$48,610 more than originally anticipated. Both offerings received support from strategic accredited
investors.
The Company has closed on 800,000 non-flow-through Units for gross proceeds of $200,000 (the “Units”),
each $0.25 Unit priced consisting of 1 common share of the Company and 1 common share purchase
warrant (the “Unit Warrants”), each Unit Warrant being exercisable for an additi onal 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 has also closed on 2,424,600 flow-through units for gross proceeds of $ 848,610 (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.
On receipt of regulatory approval and in accordance with the policies of the TSX Venture Exchange, c ash
finders’ fees totaling $50,016.90 will be paid.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
TSX-V: TBK
APRAF.PK
Frankfurt:KCG1
TRAILBREAKER RESOURCES LTD.
1040 W. Georgia Street, #1500
Vancouver, British Columbia
Canada, V6E 4H1
Telephone: 604 681 1820
Facsimile: 604 681 1864
https://www.TrailbreakerResources.com
https://twitter.com/TrailbreakerLtd.
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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].
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 identifie d 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 factors 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 r esults 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 manner. 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.