Trojan Gold (CSE:TGII) intends to close a non-brokered private placement on or about 31 December 2025, raising C$200,000 ($217,823), via the issue of 2 million units at C$0.10 per unit.
Under the placement, the units comprise one common share in Trojan and one common share purchase warrant. Each warrant entitles holders to purchase an additional share, within 24 months, at an exercise price of C$0.15.
As Mining.com.au reported, the company has accumulated sizeable land positions in the Hemlo Gold Camp, Beardmore-Geraldton Gold Camp, and Shebandowan Greenstone Belt, representing significant mineral exploration potential.
Trojan’s philosophy is based on the belief that maximising value is based on strategic property acquisitions and that requires in-depth research into targeted exploration opportunities.
CEO Charles J Elbourne previously told this news service, the company is embarking on a mission to educate the market on its portfolio, which includes a 50% joint venture interest in the 7,919-acre Hemlo South property with Tashota Resources (a related company). Trojan also holds a 100% interest in the 12,050-acre Watershed property, located 100km west of Thunder Bay is situated in the Shebandowan Greenstone Belt, adjacent to Goldshore’s Moss Lake property.
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 Aaliyah Rogan at Mining.com.au
Images: Trojan Gold
