Trans Canada GOLD Corp. Announces $500,000 Non-Brokered Private Placement and Plans ON Drilling Its Second Multilateral Well Near Lloydminster, Alberta ____________________________________________________________________________________
TRANS CANADA GOLD CORP.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
May 24th, 2024 TSX-V Trading Symbol: TTG
OTCQB Symbol: RCTRF
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TRANS CANADA GOLD CORP. ANNOUNCES $500,000 NON-BROKERED PRIVATE PLACEMENT AND PLANS
ON DRILLING ITS SECOND MULTILATERAL WELL NEAR LLOYDMINSTER, ALBERTA
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VANCOUVER, B.C. – Trans Canada Gold Corp. (TSX-V: TTG, OTCQB -RCTRF) (“Trans Canada” or the
“Company”), announces a non-brokered private placement financing of 10 ,000,000 units (the “Units”)
at a price of CDN $0.05 per Unit to raise gross proceeds of up to CDN $500,000 (the “Offering”).
Each Unit will consist of one (1) common share and one (1) common share purchase warrant (a
“Warrant”). Each warrant entitles the holder to purchase one common share in the capital of the
Company at an exercise price of $0.15 per share for a period of three (3) years from the date of issuance.
Gross proceeds from the placement will be used by the Company for new drilling planned to take place
during the 2024 summer field season on the Company’s second Multilateral Well. This well will targe t
the General Petroleum (GP) sand and is similar to successful wells drilled by the Operator in the area.
The Company will have the right to earn an 18 .75% working interest in the Company’s second
Multilateral well, drilling the GP zone, and is expected to spud in mid- summer 2024. The Company
intends to use the balance of proceeds of the Offering for any new costs associated with drilling,
exploration of the Company’s oil and gas assets, and legal, accounting costs and general working capital.
In connection with the financing, the Company proposes to pay a finders’ fee to arm’s length parties for
services rendered in respect of the Offering. The finder’s fee will consist of a cash fee equal to 6% of the
gross proceeds of the Offering and finder’s warrants equal in number to 6% of the number of Units sold
under the Offering. Each finder’s warrant will entitle the holder to acquire one (1) common share of the
Company at a price of $0.15 per share for a period of three (3) years from the date of issuance.
In addition to other prospectus exemptions commonly relied on in private placements, the Offering will
be available to existing shareholders of the Company who, as of the close of business on May 23, 2024,
held common shares of the Company (and who continue to hold such common shares as of the closing
date), pursuant to the prospectus exemption set out in BC Instrument 45 -534 - Exemption From
Prospectus Requirement for Certain Trades to Existing Security Holders and in similar instruments in other
jurisdictions in Canada (the “ Existing Shareholder Exemption”). The Existing Shareholder Exemption
limits a shareholder to a maximum investment of CAD$15,000 in a 12 -month period unless the
shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is
resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an
investment dealer in the jurisdiction. If the Company receives subscriptions from investors relying on the
Existing Share holder Exemption exceeding the maximum Offering, the Company may adjust the
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subscriptions received on a pro-rata basis. Orders will be processed by the Company on a first come first
served basis such that it is possible that the subscription received from a shareholder may not be
accepted by the Company if the offering is oversubscribed.
The Company will also make the Offering available to certain subscribers pursuant to BC Instrument 45-
536 - Exemption from Prospectus Requirement for Certain Distributions Through an Investment Dealer
(the “Investment Dealer Exemption ”). In accordance with the requirements of the Investment Dealer
Exemption, the Company confirms that there is no material fact or material change about the Company
that has not been generally disclosed.
ABOUT TRANS CANADA GOLD CORP. – GOLD MINERAL EXPLORATION/ OIL AND GAS PRODUCTION
The Company is a discovery focused Oil & Gas Resource Development and Mineral Exploration Company
that is currently focused on developing its’ production of conventional heavy oil exploration
opportunities, increasing production capabilities and increasing potential future oil production revenues.
The Company identifies, acquires and finances the acquisition of gold exploration properties and the
ongoing development of mining and oil and gas assets primarily situated in Canada. The Company is
currently permitting and developing its Pickle Lake gold exploration property. The Company has qualified
Senior exploration management and Geological Mining teams of professionals, seasoned in exploration
production, field exploration and drilling. The Company currently works with Croverro Energy Ltd., who
has demonstrated proficiency, expected of an experienced oil and gas technical team that has proven oil
production success with large multi-lateral wells currently under their supervision. The Company has the
necessary manpower in place to develop its natural resource properties and manage its production
properties. The Company is committed to minimizing risk through selective property acquisitions, and
responsible exploration and development of mining, and petroleum and natural gas resource assets.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Trans Canada Gold Corp.
Tel: (604) 681-3131
www.transcanadagold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the
Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.