Trifecta Gold Ltd. Announces Increase in Private Placement from C$1.5 million to C$2.0 million
VANCOUVER, British Columbia, July 18, 2017 (GLOBE NEWSWIRE) -- Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta”) announces, further to its news release of July 6, 2017, an increase in the non-brokered private placement offering disclosed therein (the “Offering”) from C$1,500,000 up to C$2,000,000. The Offering will now include the sale of up to 4,000,000 flow-through units at a price of C$0.25 per flow-through unit (for a total of up to C$1,000,000) and up to 5,000,000 non-flow-through units at a price of C$0.20 per unit (for a total of up to C$1,000,000). All of the other terms and conditions of the Offering are as disclosed in Trifecta’s July 6, 2017 news release.
Trifecta anticipates closing the initial tranche under the Offering by July 21, 2017, with a second closing anticipated to occur shortly thereafter.
About Trifecta Gold Ltd.
Trifecta is a Canadian precious metal exploration company dedicated to increasing shareholder value through the acquisition and development of attractive exploration projects in Canada and other mining-friendly jurisdictions.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release does not constitute an offer of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
Neither the 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.
For further information concerning Trifecta or its various exploration projects please visit our newly updated website at www.trifectagold.com or contact:
Trifecta Gold Ltd.
President and C.E.O.
Tel: (604) 687-2522