March 3, 2022
Trillium Gold Mines Inc. (TSXV:TGM, BUY, C$2.40 target, Taylor Combaluzier) announced that it has closed a private placement financing for gross proceeds of C$7.5M. As part of the financing the company issued: 1) ~3.8M units of the company at C$0.53/unit, 2) ~4.1M flow-through units at C$0.60/unit and 3) ~4.2M charity flow through units at C$0.75/unit. Each unit consists of one common share and one half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of C$0.80 on or before March 2, 2024. Trillium intends to use the proceeds from the financing to fund exploration of its Red Lake properties and for general working capital purposes. Read more
