representative work

Troilus Gold Completes $6.223 Million Non-Brokered Private Placement

10/07/2019

On October 7, 2019, Troilus Gold Corp. closed a non-brokered private placement financing of an aggregate of 7,036,900 flow-through shares, for total gross proceeds of approximately $6.223 million.

The flow-through shares were issued in two tranches: tranche 1 consisting of 5,813,900 flow-through shares at a price of $0.86 per share for aggregate gross proceeds of approximately $5 million; and tranche 2 consisting of 1,223,000 flow-through shares at a price of $1.00 per share for aggregate gross proceeds of $1.223 million.

Cassels acted for Troilus with a deal team that included Chad Accursi and Kyle Simpson (Securities and Mining) and Chris Norton (Tax).