Trifecta Gold Announces $1,500,000 Private Placement

Vancouver, BC / ACCESSWIRE / May 30, 2024 - Trifecta Gold Ltd. (TSXV:TG)(OTCQB:TRRFD) has announced a private placement of up to $1,500,000. This includes the sale of up to 10,000,000 units at a price of $0.15 per unit. Each unit comprises one common share and one-half a common share purchase warrant. Each whole warrant entitles the holder to purchase a common share at $0.25 for 12 months post-closing.

All shares issued, including those from warrant exercise, will be subject to a hold period in Canada of four months plus one day from closing. The proceeds will fund exploration activities and working capital. This transaction is subject to TSX Venture Exchange approval.

Trifecta recently entered a binding agreement with Strategic Metals Ltd. to acquire up to 100% of Mt. Hinton and 10 other gold projects in Yukon's Tombstone Gold Belt. Shareholder approval for this transaction will be sought at the Annual General and Special Meeting on June 24, 2024.