VANCOUVER, Sep 22, 2015 - Trigold Resources Inc. (the "Company" and "Trigold") (TSX VENTURE:TGD) announces it has closed the second and final tranche of the financing previously announced on June 16, 2015. The Company issued 550,000 non-flow-through units ("NFT Units") for gross proceeds of $55,000. Each NFT Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.15 for a period of 12 months from the date of closing. The proceeds from the sale of NFT Units will be used for general working capital.
In addition to the NFT Units, the Company issued 41,666 flow-through common shares for gross proceeds of $5,000. The gross proceeds from the flow-through common shares will be used to incur Canadian exploration expenses as defined by the Income Tax Act (Canada) by December 31, 2015. Proceeds from the sale of the flow-through common shares will be used to advance the Muskox and Hood River diamond projects located in Nunavut, Canada.
A portion of the financing was subject to finders' warrants and finders fees in connection with the financing.
All securities issued pursuant to closing of the financing are subject to a hold period expiring four-months plus one day from the closing date.
ON BEHALF OF THE BOARD OF DIRECTORS
Jim Greig President and Chief Executive Officer
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contact
Trigold Resources Inc. (780) 437-6624 (780) 439-7308 info@trigoldexploration.com www.trigoldexploration.com
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VANCOUVER, Sep 22, 2015 - Trigold Resources Inc. (the "Company" and "Trigold") (TSX VENTURE:TGD) announces it has closed the second and final tranche of the financing previously announced on June 16, 2015. The Company issued 550,000 non-flow-through units ("NFT Units") for gross proceeds of $55,000. Each NFT Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.15 for a period of 12 months from the date of closing. The proceeds from the sale of NFT Units will be used for general working capital.
