PR#20-05 Otcmkts: Tigcf
PRESS RELEASE
For Further Information, please 1100 – 1111 Melville Street
Visit our website at Vancouver, BC, Canada, V6E 3V6
www.triumphgoldcorp.com Tel: 604.893.8757
July 17, 2020 TSX.V: TIG
PR#20-05 OTCMKTS: TIGCF
Frankfurt: 8N61
Not for distribution to United States Newswire Services or for dissemination in the United States
TRIUMPH GOLD ANNOUNCES COMPLETION OF $3,319,600 PRIVATE PLACEMENT
VANCOUVER, British Columbia, July 17, 2020 -- Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS:
TIGCF) (the “Company”) is pleased to announce that it has completed a non-brokered private placement
(the “Private Placement”) of 16,598,000 units (“Units”) at a price of $0.20 per Unit for aggregate gross
proceeds to the Company of $3,319,6 00. Each Unit is comprised of one common share and one-half of
one transferable common share purchase warrant of the Company. Each whole warrant is exercisable into
one common share of the Company at an exercise price of $0.30 per share for a period of three years.
Proceeds of the Private Placement will be used primarily for the Company’s exploration activities and for
general working capital purposes. The securities issued pursuant to the Private Placement are subject to a
hold period of four months and one day in accordance with applicable securities laws.
The Company had agreed to pay a finders fee in cash equal to 7.0% of the gross proceeds from the sale of
Units to third parties sourced by the finders as well as warrants to purchase that number of common shares
of the Company equal to 7.0% of the number of Units sold to third parties sourced by the finder. The
finder’s warrants will be exercisable at C$0.25 per common share for a period of three years from the date
of closing.
About Triumph Gold Corp.
Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development
company. Triumph Gold Corp. is focused on creating value through the advancement of the district scale
Freegold Mountain Project in Yukon. For maps and more information, please visit our website
www.triumphgoldcorp.com.
On behalf of the Board of Directors
Signed “John Anderson”
John Anderson, Executive Chairman
For further information please contact:
John Anderson, Executive Chairman
Triumph Gold Corp.
+1 (604) 218-7400
Nancy Massicotte
IR Pro Communications Inc.
+1 (604)-507-3377
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.