02:32 PM EST - Troilus Gold Corp. : Announced that it has completed a non-brokered private placement of approximately CAD$5.8 million to funds managed by VanEck Associates Corporation, a globally recognized investment management firm known for its forward-looking approach to identifying investment trends and one of the most influential institutional investors in the precious metals and junior mining sectors. The Offering consisted of 16,478,900 common shares of the Company at a price of C$0.35 per share, representing a 1.45% premium to the five-day volume-weighted average price of C$0.345 as of January 29, 2025. Following the closing of the Offering, the accounts managed by VanEck now hold approximately 4.3% of Troilus’s total issued and outstanding shares, further aligning itself with the Company’s long-term growth and development. The net proceeds of the Offering shall be used for general corporate and working capital purposes. The securities issued are subject to a regulatory hold period that expires on June 7, 2025. Troilus Gold Corp.
shares T.TLG are trading down 1 cent at $0.39.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=TLG%3ACA&qmodStoryID=6731489806266608
