Trifecta Gold Ltd. Updates Closing of Private Placement

Trifecta Gold Ltd. (TSX-V:TG, OTCQB:TRRFF) has updated its June 28, 2024 news release regarding the closure of its non-brokered private placement initially announced on May 30, 2024. An additional cash finder’s fee of $9,000 was paid to Haywood Securities Inc., along with the issuance of 60,000 finder warrants. These warrants are exercisable into one common share each at $0.25 per share until June 28, 2025. In total, Trifecta paid $19,665 in cash finders' fees and issued 126,000 finder warrants to several financial institutions, including Ventum Financial Corp. and Canaccord Genuity Corp.

The private placement resulted in the sale of 9,859,934 units at a price of $0.15 per unit, accumulating total subscription proceeds of $1,478,990.

Additionally, Trifecta has applied for final acceptance from the TSX Venture Exchange for its agreement with Strategic Metals Ltd. This agreement grants Trifecta the right to acquire up to 100% of Mt. Hinton and ten other gold projects located in Yukon's Tombstone Gold Belt.