Trius Agrees to Purchase Newfoundland Mineral Exploration Assets
TRIUS INVESTMENTS INC.
TRIUS AGREES TO PURCHASE NEWFOUNDLAND MINERAL EXPLORATION ASSETS
Fredericton, New Brunswick – September 9, 2020 – Trius Investments Inc. (TSXV: TRU) (“Trius” or
the “Company”) is pleased to announce that its wholly-owned sub sidiary (the “Subsidiary”) has entered
into an asset purchase agreement (the “Purchase Agreement”) wit h several arm’s length vendors
(collectively, the “Vendors”), pursuant to which the Company ha s indirectly agreed to purchase a mineral
license for the Gander West exploration property in Newfoundland (the “Property”), along with all related
permits and technical data (collectively, the “Purchased Assets”).
The Property consists of 120 claims covering nearly 3,000 hecta res, and is located approximately 16
kilometres from the centre of New Found Gold Corp.’s Queensway Project.
Figure 1: Gander West Property
Trius’ President and CEO Joel Freudman commented: “We’re excite d to announce our acquisition of the
Property, following on the recent major gold discovery in the s ame region by New Found Gold. We think
the Property can be explored, advanced, and monetized in a number of ways.”
Pursuant to the Purchase Agreement, the Vendors will receive th e following consideration for the
Purchased Assets: (i) the issuance by Trius of an a ggregate of 2,000,000 common s hares in the capital of
Trius at a deemed price of $0.19 per share; (ii) the payment by the Subsidiary to certain of the Vendors of
an aggregate of $25,000 in cash; and (iii) the granting by the Subsidiary to certain of the Vendors of a
3.0% net smelter returns royalty from any future mineral produc tion at the Property. The acquisition of
the Purchased Assets is expected to be completed as soon as practicable, subject to regulatory approval by
the TSX Venture Exchange.
Trius is acquiring the Purchased Assets as a passive investment , and does not intend to operate the
Property. The Purchased Assets will be a novel, direct mineral exploration holding within the Company’s
broader investment portfolio.
About Trius Investments Inc.
Trius is an investment issuer searching for new investments and /or business opportunities, with existing
investments in the precious metals and e-commerce / consumer go ods sectors. Trius’ common shares
trade on the TSXV under the symbol “TRU”.
Trius is a portfolio company of Resurgent Capital Corp. (“Resur gent”), a merchant bank providing
venture capital markets advisory services and proprietary finan cing. Resurgent works with promising
public and pre-public micro-capitalization Canadian companies.
For further information, please contact:
Joel Freudman
President & Chief Executive Officer
Trius Investments Inc.
Phone: (647) 880-6414
Cautionary Statements
Neither 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.
This press release may contain certain forward-looking statemen ts. These statements are based on
numerous assumptions regarding the Purchase Agreement and the P urchased Assets that are believed by
management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties,
including without limitation: the completion of the transactions contemplated by the Purchase Agreement,
the exploration or monetization potential of the Purchased Asse ts and specifically the Property, and those
other risks described in the Comp any’s continuous disclosure do cuments. Actual results may differ
materially from results contemplated by the forward-looking sta tements herein. Investors and others
should carefully consider the for egoing factors and should not place undue reliance on such forward-
looking statements. The Company does not undertake to update an y forward-looking statements herein
except as required by applicable securities laws.