Trojan Gold (CSE:TGII) has closed its non-brokered private placement to raise C$200,000 ($216,433), through the issuance of 2 million units.
Each unit is priced at C$0.10, comprising one share and one purchase warrant.
Holders will be eligible to purchase an additional share with each warrant held over a 24-month period.
As reported by Mining.com.au, the company intended to close this placement on or around 31 December 2025.
Trojan holds a 50% stake in the Hemlo South property with related company Tashota Resources, across 7,919 acres in the Hemlo Gold Mining Camp in northern Ontario.
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
