Troubadour Closes Fully Subscribed Private Placement
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604.681.0221
www.troubadourresources.com
TSXV : TR | OTCQB: TROUF
Troubadour Closes Fully Subscribed Private Placement
Vancouver, British Columbia, Canada, December 21, 2020 – TROUBADOUR RESOURCES INC. (the
“Company") (TSX VENTURE: TR) (OTCQB: TROUF) is pleased to announce the closing of a fully subscribed
private placement announced on December 1, 2020.
Fully Subscribed Private Placement
The Company has closed a fully subscribed non-brokered private placement consisting of 630,000 flow-
through units (the "Units") at a price of $0.10 per Unit for gross proceeds of $63,000.
Each flow-through Unit will consist of one common share (a "Share") and one-half of one non -
transferable share purchase warrant (each whole share purchase warrant a "Warrant") of the Company.
Each full Warrant will entitle the holder to purchase one additional Share at a price of $0.15 for a 24-
month period after the Closing Date.
Insiders subscribed for an aggregate amount of $ 15,000 comprising 150,000 Units representing 24% of
the offering . Such participation is considered a re lated party transactio n within the meaning o f
Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-
101"). The related party transact ion is exempt from minority approval and valuation requir ements
pursuant to the exemptions con tained in Sec tions 5.5(a) and 5.7(1)(a) of MI 61 -101, as neither the fair
market value of the securities to be issued under the Offering nor the consideration to be paid by the
insiders exceeds 25% of the Company's market capitalization.
The securities is sued under t he financing will be subject to a hold period exp iring on April 2, 2021
pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.
Proceeds raised from the Offering will be used to fund eligible exploration expenditures on the
Company’s Texas project.
About Troubadour
TROUBADOUR RESOURCES INC. ( TSX.V: TR ) ( OTCQB: TROUF) is a public Canadian mining exploration
company focused on copper and gol d in British C olumbia, Canada. The Company is m anaged by an
experienced team consisting of youthfu l and seasoned professionals with proven track records as mine
finders. The newly acquire d Texas gold property diversifies the Company’s commodity focus and
compliments Troubadour’s copper project, the Amarillo property , consis ting of 9 mineral claims
covering 5,449 hectares and is located in the heart of a major mining district. The project is host to some
of the more prospective targets developed in this world class southern BC porphyry belt in decades. The
project is located 20km west of P eachland, with access along the Peachland F SR log ging ro ad from
Highway 97.
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604.681.0221
www.troubadourresources.com
TSXV : TR | OTCQB: TROUF
For further information please contact:
Troubadour Resources Inc.
625 Howe Street, Suite 488
Vancouver, BC V6C 2T6
Geoff Schellenberg, President
Office: (604) 681-0221
Forward Looking Information
Except for histor ical information conta ined here in, this news re lease contains for ward-looking statemen ts t hat
involve risks an d uncerta inties. Actual results may dif fer materially. Except as req uired pur suant to applicable
securities laws, the Company will no t update these forward-looking statements to reflect events or circumstances
after the d ate hereof. More detailed i nformation about potential fa ctors that could a ffect financial results is
included in the d ocuments fil ed from time to time with the Canadian securities r egulatory authorities by the
Company. Readers are cautioned not to place undue reliance on forward looking statements.
NEITHER 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.