TRU Precious Metals Obtains Conditional Approval FOR TSX Venture Exchange Change of Business to Mining Issuer
TRU PRECIOUS METALS OBTAINS CONDITIONAL APPROVAL
FOR TSX VENTURE EXCHANGE CHANGE OF BUSINESS TO MINING ISSUER
Fredericton, New Brunswick – April 30, 2021 –TRU Precious Metals Corp. (TSXV:TRU; OTCQB:TRUIF)
(“TRU” or the “Company”) is pleased to announce that further to its press release on February 2, 2021, the
Company has received conditional approval from the TSX Venture Exchange (the “Exchange”) for a Change of
Business (as such term is defined in Exchange Policy 5.2) to a “mining issuer” from its current classification as
an “investment issuer”.
In connection with the Change of Business and pursuant to Exchange requirements, the Company has filed a filing
statement dated April 29, 2021 (the “Filing Statement”), together with a National Instrument 43 -101 geological
report on the Golden Rose Project (the “Geological Report”), under the Company’s SEDAR profile at
www.sedar.com. Readers are strongly encouraged to review the Filing Statement and the Geological Report for
full details on the Change of Business.
TRU Co-Founder and CEO Joel Freudman commented, “Today marks an important milestone for our Company.
We filed our initial comprehensive submission with the Exchange in early March shortly after completing our
financing, and have aggressively advanced the Change of Business since, with thanks to the attentiveness and
solutions-oriented approach of the Exc hange, to secure conditional approval of our Change of Business in less
than two months.”
The Company intends to complete the Change of Business and resume trading the week of May 10, 2021. The
completion of the Change of Business remains subject to final approval by the Exchange and fulfillment of
Exchange requirements, including among other things, obtaining shareholder approval of the Change of Business
by way of written consents. Until final approval is obtained and a Final Exchange Bulletin is issued, trading in the
common shares of the Company will remain halted. Upon resumption of trading, the Company will be listed on
the Exchange as a Tier 2 “mining issuer”. The Company’s name and ticker symbol, “TRU”, will remain the same.
Mr. Freudman added, “Alongside the Change of Business, we have been hard at work mapping out our 2021
exploration programs and building an exploration team to position TRU as a contender in the prolific Central
Newfoundland Gold Belt. Having recently close d an over -subscribed $3.5 million non -brokered private
placement, we are well-funded for our near-term exploration plans for our Golden Rose Project as well as other
initiatives, all aimed at unlocking value for our shareholders. I would like to thank all our loyal shareholders, old
and new, yet again for their continued patience, and we are looking forward to resuming trading in the near term.”
Separately, the Company reports that further to its March 1, 2021 press release, the Company continues to receive
punctual principal and interest repayments on its secured loan (the “Loan”) previously advanced in March 2020
to Revive Organics Inc. , a private company operating across North America in the ready-to-eat meals industry.
The Loan remains in good standing and on April 29, 2021, the Company received a payment of $ 223,500, one
day before it was due. With that payment, the Company has now been repaid nearly all of this legacy investment,
which matures in full on May 31, 2021 with a final $222,667 lump-sum payment of principal, interest, and fees,
as TRU completes its transition to a mining issuer.
About TRU Precious Metals Corp.
TRU has assembled a portfolio of 5 gold exploration properties in the highly prospective Central Newfoundland
Gold Belt. The Company has entered into a definitive option agreement with a subsidiary of TSX -listed Altius
Minerals Corporation for the option to purchase 100% of the Golden Rose Project, located along the deposit -
bearing Cape Ray – Valentine Lake Shear Zone. TRU also owns 100% of the Twilite Gold Project, located along
the same Shear Zone, and 3 under -explored properties including its Rolling Pond Property (under option)
bordering New Found Gold C orp.’s high-grade Queensway Project. TRU’s common shares trade on the TSX
Venture Exchange under the symbol “TRU” and on the OTCQB Venture Market under the symbol “TRUIF”.
TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital
markets advisory services and proprietary financing. Resurgent works with promising public and pre -public
micro-capitalization Canadian companies. For more information on Resurgent and its portfolio companies, please
visit Resurgent’s LinkedIn profile at https://ca.linkedin.com/company/resurgent-capital-corp.
For further information about TRU, please contact:
Joel Freudman
Co-Founder, President & CEO
TRU Precious Metals Corp.
Phone: (647) 880-6414
Email: [email protected]
Website: www.trupreciousmetals.com
To connect with TRU via social media, below are links:
https://www.facebook.com/TRU-Precious-Metals-Corp-100919195193616
https://twitter.com/corp_tru
https://www.linkedin.com/company/tru-precious-metals-corp
YouTube
https://www.youtube.com/channel/UCHghHMDQaYgS1rDHiZIeLUg/
Cautionary Statements
Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this press release.
This press release contains “forward-looking information” within the meaning of applicable Canadian securities
laws. Generally, forward-looking information can be identified by the use of words and phrases such as “plans”,
“expects”, “continues”, “intends”, “anticipates”, or “believes”, or variations of such words and phrases indicating
that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken or occur. Forward -
looking information in this press release includes, without limitation, statements regarding Exchange final
approval of the Change of Business, shareholder approval of the Change of Business, resumption of trading of
TRU’s common shares on the Exchange, TRU’s exploration plans and corporate strategy, and future Loan
repayment. This forward -looking information consists of disclosure regarding possible eve nts, conditions or
results and is based on numerous assumptions that management believes to be reasonable in the circumstances,
including that Exchange final approval will be obtained and that TRU will be able to successfully execute on its
corporate and exploration plans.
The forward-looking information in this press release is subject to a number of risks and uncertainties that may
cause TRU’s actual results or performance to differ materially from those expressed or implied by such forward-
looking information, including but not limited to shareholder and regulatory approval processes, risks inherent to
the mineral exploration industry, borrower counterparty risk of default, and those risks described in the Company’s
continuous disclosure documents. There can be no assurances that the forward -looking information herein will
prove to be accurate, as actual results and future events may differ materially from those anticipated by such
information. Accordingly, investors should not place undue reliance on suc h forward-looking information. TRU
does not undertake to update any forward -looking information in this press release, except as required by
applicable securities laws.