Trillium Gold Mines Inc. Completes $7.5 Million Private Placement

March 02, 2022

Trillium Gold Mines Inc. (TSXV: TGM), a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties located in the highly prospective Red Lake Mining District of Northern Ontario, has completed a brokered private placement of: (i) 3,753,586 units at a price of $0.53 per unit; (ii) 4,036,220 “flow-through” units at a price of $0.60 per “flow-through” unit; and (iii) 4,118,490 “flow-through” units sold to charitable purchasers (each, a "Charity FT Unit") at a price of C$0.75 per Charity FT Unit, for aggregate gross proceeds of $7,500,000, which included the exercise of the agent’s over-allotment option.

The private placement was led by Red Cloud Securities Inc.

Wildeboer Dellelce LLP acted for the agent in connection with the private placement with a team comprised of Perry Dellelce, Al Wiens, Carlye Bellavia, Brendan Wu and Kassidy Doherty (corporate/securities) and John Kutkevicius (tax).