/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
VANCOUVER, BC, June 3, 2021 /CNW/ - Trillium Gold Mines
Inc. (TSXV: TGM) (OTCQX: TGLDF) (FRA: 0702) ("Trillium Gold" or
the "Company") is pleased to announce that it has entered into an
agreement with Red Cloud Securities Inc. (the
"Lead Agent") to act as lead agent and sole
bookrunner on behalf of a syndicate of agents (together with the
Lead Agent, the "Agents") in connection with a best efforts,
private placement of up to 4,000,000 units of the Company (the
"Units") at a price of C$1.00
per Unit for gross proceeds of up to C$4,000,000 (the "Offering").
Each Unit will be comprised of one common share of the Company
(each, a "Unit Share") and one half of one common share
purchase warrant (each whole warrant, a "Warrant"). Each
Warrant shall be exercisable to acquire one common share of the
Company (each, a "Warrant Share") at a price
of C$1.50 at any time on or before the date which is 24
months after the closing date of the Offering.
The Agents will have an option, exercisable in full or in part
up to 48 hours prior to the closing of the Offering, to sell up to
an additional 1,000,000 Units at the unit price for additional
gross proceeds of up to C$1,000,000
(the "Agents' Option").
The Company intends to use the net proceeds raised from the sale
of Units to advance the exploration projects of the Company's
Red Lake properties as well as for
general working capital purposes. The Offering is scheduled to
close on or around June 25, 2021 and
is subject to certain conditions including, but not limited to, the
receipt of all necessary approvals including the approval of the
TSX Venture Exchange. The Unit Shares and Warrant Shares will have
a hold period of four months and one day from the closing date.
As consideration for their services, the Agents will receive a
cash commission of 6.0% of the gross proceeds of the Offering and
broker warrants in an amount equal to 5.0% of the aggregate number
of Units sold pursuant to the Offering. Each broker warrant will be
exercisable to purchase one common share of the Company at a price
of C$1.00 for a period of 24 months
from the closing date of the Offering. The Agents will not receive
any cash commissions or broker warrants for purchasers under the
President's List.
The securities described herein have not been, and will not
be, registered under the United States Securities Act, or any state
securities laws, and accordingly, may not be offered or sold
within the United States except in compliance with the
registration requirements of the U.S. Securities Act and applicable
state securities requirements or pursuant to exemptions therefrom.
This press release does not constitute an offer to sell or a
solicitation to buy any securities in any jurisdiction.
Visit our website at www.trilliumgold.com.
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
"Russell Starr"
Russell Starr
President, CEO and Director
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a growth focused British Columbia based company engaged in the
business of acquisition, exploration and development of mineral
properties located in the Red Lake Mining District of Northern Ontario. The Company recently
extended its holdings in the Confederation Lake and Birch-Uchi
greenstone belts, as well as in highly prospective properties in
Larder Lake, Ontario and the
Matagami and Chibougamou areas of
Quebec.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains forward-looking information, which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectation. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company disclaims any intention or
obligation, except to the extent required by law, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Trillium Gold Mines Inc.