Trojan Gold (CSE:TGII) has closed its non-brokered private placement, raising C$50,139 through the issuance of 501,390 units at C$0.10 each.
Each unit comprises one share and one-half of a purchase warrant, with each whole warrant held allowing the shareholder to purchase an additional share at C$0.15 for a two-year period.
As reported by Mining.com.au, the company initially intended to raise C$300,000 to fund exploration at the Paulpic and Adair-Wascanna properties and the Watershed property in Canada.
Trojan Gold is an Ontario-based mineral explorer listed on the Canadian Securities Exchange, the OTCQB Venture Market, and the Frankfurt Stock Exchange.
Write to Maddison Elliott at Mining.com.au
Images: Trojan Gold
