Trojan Gold (CSE:TGII) is raising C$100,000 ($101,901) through a private placement to fund exploration costs at its Canadian assets.
The company will issue 1 million units at C$0.10, with each unit comprising one share and one purchase warrant.
Warrant holders will be entitled to purchase one additional share per warrant held for a 24-month period at an exercise price of C$0.15.
Securities comprising the units are subject to a four-month and one-day hold period from closing.
Trojan Gold is an Ontario-based mineral explorer listed on the Canadian Securities Exalter, the OTCQB Venture Market, and the Frankfurt Stock Exalter.
Write to Maddison Elliott at Mining.com.au
Mining.com.au may hold shares in Trojan Gold.
Images: Trojan Gold
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