Trans Canada Gold Updates on Private Placements for Harrison Lake Property

Trans Canada Gold Corp. has announced updates on its non-brokered private placements related to the Harrison Lake Gold Property. The non-flow through placement involves 10 million units priced at CDN $0.15 per unit, aiming to raise CDN$1.5 million. Each unit includes a common share and a warrant. The flow-through placement targets CDN$500,000 with 2,777,777 units at CDN $0.18 per unit, comprising a common share and half a warrant.

Proceeds will fund the acquisition and exploration of the Harrison Lake Gold Property in British Columbia. The project, in collaboration with Bear Mountain Gold Mines, requires CDN $5 million in exploration and CDN $250,000 cash over five years. The company plans to initiate drilling and upgrade facilities as part of year-one expenditures.