Trinity One Metals Announces Upsized Private Placement
Trinity One Metals Announces Upsized Private
Placement
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Trinity One Metals Ltd. (TSXV:
TOM) ("
Trinity One
" or the "
Company
") is pleased to announce that as a result of strong investor
demand, the Company has increased the aggregate proceeds of its previously announced non-brokered
private placement from $600,000 to $750,000.
Under the terms of the upsized non-brokered private placement the Company proposes to issue up to a
total of 15,000,000 units (each, a "
Unit
"), at a purchase price of $0.05 per Unit, to raise total gross
proceeds of up to $750,000 (the "
Offering
"). Each Unit will consist of one common share of the
Company and one common share purchase warrant. Each warrant will entitle the holder to purchase one
common share of the Company at a price of $0.075 at any time on or before that date which is thirty-six
months after the closing date of the Offering, subject to the approval of the TSX Venture Exchange
("
TSXV
").
The net proceeds received from the sale of the Units will be used for the assessment of new growth
opportunities, maintenance of the Company's existing exploration portfolio and for general working
capital. The Units will be offered to qualified investors in reliance upon exemptions from the prospectus
and registration requirements of applicable securities legislation. The Company may pay finders' fees to
eligible finders in connection with the Offering, subject to compliance with applicable securities laws and
the policies of the TSXV.
All securities issued and sold under the Offering will be subject to a hold period expiring four months and
one day after the date of issuance in accordance with applicable securities laws and the policies of the
TSXV. Completion of the Offering, and the payment of any finders' fees remain subject to the receipt of
all necessary regulatory approvals, including the approval of the TSXV.
Related Party Transaction
In connection with the Offering, certain insiders of the Company, including officers and directors, intend
to subscribe for 4,300,000 Units. The acquisition of the Units by insiders in connection with the Offering
will be considered a "related party transaction" pursuant to Multilateral Instrument 61-101-
Protection of
Minority Security Holders in Special Transactions
("
MI 61-101
") requiring the Company, in the absence
of exemptions, to obtain a formal valuation for, and minority shareholder approval of, the "related party
transaction". The Company is relying on an exemption from the formal valuation requirements of MI 61-
101 available because no securities of the Company are listed on specified markets, including the TSX,
the New York Stock Exchange, the American Stock Exchange, the NASDAQ or any stock exchange
outside of Canada and the United States other than the Alternative Investment Market of the London
Stock Exchange or the PLUS markets operated by PLUS Markets Group plc. The Company is also
relying on the exemption from minority shareholder approval requirements set out in MI 61-101 as the fair
market value of the participation in the Offering by the insiders does not exceed 25% of the market
capitalization of the Company, as determined in accordance with MI 61-101. It is likely the Company will
not file a material change report in respect of the related party transaction at least 21 days before the
closing of the Offering as the Company wishes to close the Offering in an expeditious manner.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States of America. The securities have not been and will not be registered under
the United States Securities Act of 1933 (the "
1933 Act
") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered
under the 1933 Act and applicable state securities laws, or an exemption from such registration is
available.
On behalf of the Board,
Thomas Wood
CEO
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/268084