TRIO GOLD CORP. (TSX-V: TGK, US-Listed: TROOF): News Release Dated September 5, 2013
06 9월 2013 - 5:47AM
Access Wire
Trio Gold Corp. ("Trio") has closed its non - brokered
private placement of units announced on June 20, 2013. The
placement was oversubscribed by 500,000 units resulting in the
placement of 10.5 million units for gross proceeds of $210,000.00.
Each unit consists of two shares and one share purchase warrant.
Each warrant entitles the holder to purchase one common share for
the first 12 months from the date of issuance at a price of $0.05
and at a price of $0.10 for the next 12 months. The securities for
this issue have a hold until December 31, 2013.
The board of directors approved the private placement
with those participating abstained from voting relative to their
subscription. Torrie Cartier and Dan Tataryn directors of the
company each subscribed for 500,000 units. A total of 15
subscribers participated in the private placement. QI Assest
management ltd with head office in Selangor Malaysia purchased 2.5
million units. Devan Rajah and Shawn Thorton each earned $6,000.00
in connection with the placement were paid a 10% finder's fee. The
private placement was conducted pursuant to the TSX Venture
Exchange Temporary Relief Measures from certain pricing
requirements bulletin issued by the Exchange on April 12, 2013.
The proceeds are expected to be used over the next 5
months. The estimated amounts are:
------------------------------------------------------------
|Audit, Accounting and Legal | |$50,000.00 |
|----------------------------------------------------------|
|Business Tax and insurance | |$6,000.00 |
|----------------------------------------------------------|
|Mineral Property expense | |$28,000.00 |
|----------------------------------------------------------|
|Office Salary/Rent/Filing Fees| |$40,000.00 |
|----------------------------------------------------------|
|Shareholder Annual Meeting | |$26,000.00 |
|----------------------------------------------------------|
|Finder’s Fee | |$12,000.00 |
|----------------------------------------------------------|
| |Estimated Total|$162,000.00|
------------------------------------------------------------
The balance of the funds will be used for general
working capital purposes being the excluded amount under the
relieve measures bulletin.
For further information on the contents of this news
release or the activities of the Company, contact Mr. Harry
Ruskowsky, President and CEO at (403) 262-9640.
Trio Gold Corp. Suite 145-251 Midpark Blvd. SE Calgary,
Alberta T2X-1S3
Phone: (403) 262-9640 - Fax:
(403) 262-9759
E-mail:press@triogold.com -
Website: www.triogold.com
CUISPa#89669C-108, Exemption #82-2127
Trio Gold Corp. (TSXV:TGK)
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