Trifecta Gold Announces Fully Subscribed $5.3 Million Private Placement with Lead Order from Crescat
Trifecta Gold Announces Fully Subscribed $5.3 Million Private
Placement with Lead Order from Crescat
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
VANCOUVER, BC / ACCESS Newswire / April 22, 2025 / Trifecta Gold
Ltd. (TSXV:TG)(OTCQB:TRRFF) ("Trifecta" or the "Company") announces a private
placement (the "Offering") of up to $5,310,750, to consist of the issue and sale of up to
12,790,000 units ("Charity Flow-Through Units") at a price of $0.38 per Charity Flow-
Through Unit, and 1,668,704 units at a price of $0.27 per unit. Each Charity Flow-Through
Unit will consist of one common share and one-half (1/2) of a common share purchase
warrant (each whole warrant, a "Unit Warrant"), each of which will qualify as a "flow-
through share" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).
Each Unit Warrant will entitle the holder to purchase one common share at a price of $0.40
for a period of 24 months following the closing of the private placement. Each unit will
consist of one common share and one-half (1/2) of a common share purchase warrant,
with each whole warrant to entitle the holder to purchase one common share at a price of
$0.40 for a period of 24 months following the closing of the private placement.
The gross proceeds from the Charity Flow-Through Units will be used by the Company to
incur eligible "Canadian exploration expenses" that qualify as "flow-through mining
expenditures" (as both terms are defined in the Income Tax Act (Canada)) (the "Qualifying
Expenditures"). The Qualifying Expenditures will be renounced in favour of the subscribers
with an effective date no later than December 31, 2025.
All of the shares issued pursuant to this private placement, including any shares that may
be issued pursuant to the exercise of the warrants, will be subject to a hold period in
Canada of four months plus one day from closing. The proceeds from this private
placement, which is subject to TSX Venture Exchange acceptance, will be used to fund
exploration activities and for working capital purposes.
"We are impressed by Trifecta's gold target at Rye in the highly prospective Tombstone gold
belt. We have made other successful early-stage investments in companies that have
made significant, highly economic gold discoveries in this belt. Trifecta's Rye target has
many of the same signatures of those successes. We can't wait to see them get busy with
further fieldwork, trenching, and drilling, and are happy to support them with capital for this
effort. " - Kevin Smith, CFA, Founder and CEO of Crescat Capital.
"Trifecta is pleased to welcome Crescat as a new major shareholder at 9.9%. This is in
addition to continued support from existing shareholders, including Condire Investors, who
will maintain a 19.9% share interest in the Company. This financing will allow Trifecta to
systematically follow-up on discoveries made in 2024 at both the Mt. Hinton and Rye
projects. We look forward to sharing more detailed plans for 2025 in the coming weeks. " -
states Richard Drechsler, President and CEO of Trifecta.
Certain insiders of Trifecta may participate in the private placement, with full particulars of
such participation to be included in the news release announcing the closing of the private
placement.
About the Tombstone Gold Belt
Extending more than 1000 km from the Fairbanks district in Alaska eastward across the
entire width of Yukon, the Tombstone Gold Belt hosts many large Reduced Intrusion-
Related Gold System (RIRGS) mines such as Fort Knox in Alaska (>10 million oz), Eagle and
Olive in Yukon (>4 million oz) and the past-producing Brewery Creek Mine, also in Yukon.
Since May 2020 over 17 million additional ounces of gold have been discovered in the
Yukon portion of the belt, including Snowline Gold's Tier 1 Valley discovery, Sitka Gold's RC
deposit, Banyan Gold's AurMac deposits and Victoria Gold's Raven deposit.
Tombstone Gold Belt systems are characterized by sheeted, auriferous quartz veins
forming in the carapace zones of Cretaceous-age plutons. They have a characteristic
geochemical signature with a gold-bismuth-tellurium±tungsten core within a broader gold-
arsenic halo. The deposits are found within and surrounding the reduced intrusions and
typically exhibit a geophysical signature comprising a magnetic low (ie. reduced) coinciding
with at conductivity low. Veining in RIRGS systems is typically zoned with a core of sheeted
veins in source intrusion surrounded by more discrete gold-arsenic veins and more distal
silver-lead-zinc veins.
About Trifecta Gold Ltd.
Trifecta is a Canadian-based precious metals exploration company dedicated to increasing
shareholder value through the discovery and development of 100% held gold projects in
Yukon and Nevada. Trifecta has secured an option to acquire a 100% interest in Mt. Hinton,
Rye and 9 other highly prospective, intrusion-related gold projects located in Yukon's
Tombstone Gold Belt where over 17 million ounces of gold have been discovered since May
2020. Initial drilling at the Company's Yuge Gold Project, located in northern Nevada, has
identified multiple broad zones of gold mineralization near historical high-grade mines. The
Company's Eureka Project hosts an 8 x 2.5 kilometre belt of surface showings and
anomalous gold-in-soil that straddle the headwaters of two of the most productive placer
creeks in Yukon's southern Klondike Goldfields. Trifecta's Treble Project covers a large
hydrothermal system, located midway between Western Copper and Gold Corporation's
Casino Deposit, the largest copper and gold deposit in the Yukon, and Rockhaven
Resources Ltd. 's Klaza Deposit, a high-grade gold-silver deposit.
The securities referred to in this news release have not been, nor will they be, registered
under the United States Securities Act of 1933, as amended, and may not be offered or sold
within the United States or to, or for the account or benefit of, U.S. persons absent U.S.
registration or an applicable exemption from the U.S. registration requirements. This news
release does not constitute an offer for the sale of securities, nor a solicitation for offers to
buy any securities. Any public offering of securities in the United States must be made by
means of a prospectus containing detailed information about the company and
management, as well as financial statements.
ON BEHALF OF THE BOARD
"Richard Drechsler"
President and CEO
For further information concerning Trifecta or its various exploration projects please
visit www.trifectagold.com or contact:
Corporate Information
Trifecta Gold Ltd.
Richard Drechsler
President and CEO
Tel: (604) 687-2522
This news release may contain forward looking statements based on assumptions and
judgments of management regarding future events or results that may prove to be
inaccurate as a result of exploration and other risk factors beyond its control, and actual
results may differ materially from the expected results.
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 news release.
SOURCE: Trifecta Gold Ltd.