Trifecta Gold Announces Closing of Private Placement

Vancouver, BC / ACCESSWIRE / June 28, 2024 – Trifecta Gold Ltd. (TSXV:TG)(OTCQB:TRRFF) has closed its previously announced non-brokered private placement, generating total proceeds of $1,478,990. The placement involved the sale of 9,859,934 units at $0.15 per unit, with each unit comprising one common share and one-half share purchase warrant. Each whole warrant allows the holder to purchase an additional common share at $0.25 until June 28, 2025.

Cash finders' fees totaling $10,665 were paid, and 66,000 finder warrants were issued to Ventum Financial Corp., Canaccord Genuity Corp., and Leede Jones Gable Inc. Each finder warrant is exercisable into one common share at $0.25 until June 28, 2025. All securities from the private placement are subject to a hold period in Canada until October 29, 2024.

The proceeds will fund exploration activities at Trifecta's mineral properties and general working capital. Insiders purchased 2,868,300 units, qualifying as a related party transaction under TSX-V Policy 5.9 and MI 61-101. Exemptions from formal valuation and minority shareholder approval under sections 5.5(a) and 5.7(a) of MI 61-101 were applied, as insider participation did not exceed 25% of the market capitalization.