- Trifecta Gold (TRRFF, Financial) secures a $5.31 million private placement with Crescat Capital as the lead investor.
- Crescat Capital's investment brings its ownership to 9.9% of Trifecta Gold.
- The proceeds will fund Canadian exploration expenses at the Mt. Hinton and Rye projects.
Trifecta Gold Ltd. (TRRFF) has announced a successful private placement amounting to $5.31 million, spearheaded by prominent investor Crescat Capital. This offering involves the issuance of up to 12,790,000 Charity Flow-Through Units priced at $0.38 per unit and 1,668,704 additional units at $0.27 each. Each Charity Flow-Through Unit comprises one common share and half a warrant, with each full warrant enabling the purchase of one common share at $0.40, valid for 24 months.
Following the capital infusion, Crescat Capital emerges as a significant shareholder with a 9.9% stake in the company. Simultaneously, Condire Investors retains its substantial 19.9% ownership. The raised funds are earmarked for systematic exploration and follow-up on discoveries at Trifecta Gold's Mt. Hinton and Rye projects in 2024.
The funds are designated to cover Canadian exploration expenses that qualify as flow-through mining expenditures, to be renounced by December 31, 2025. Investors in this private placement should note that all issued shares will not be freely tradeable until four months plus one day post-closing, pending the necessary TSX Venture Exchange approval.
