Trans Canada Gold Corp. Closes Non-Brokered Private Placement
Summary
VANCOUVER, BC / ACCESSWIRE / June 18, 2024 / Trans Canada Gold Corp. (TSXV:TTG)(OTCQB:RCTRF) ("Trans Canada") is pleased to announce that it has closed its previously announced non-brokered private placement financing of 6,980,000 units (the "Units") at a price of $0.05 per Unit to raise gross proceeds of $349,000 (the "Offering").Each Unit consists of one (1) common share and one (1) common share purchase warrant (a "Warrant"), each Warrant entitles the holder to purchase one additional common share in the capital of the Company at an exercise price of $0.15 per share for a period of three (3) years from the date of issuance.Gross proceeds from the Offering will be used by the Company for new drilling planned to take place during the 2024 summer field season on the Companys second Multilateral Well. Mr. Coupland may, depending on market and other conditions, increase or decrease his beneficial ownership of the Companys securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.The disclosure respecting Mr. Couplands shareholdings of the Company contained in this press release is made pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and a report respecting the above acquisition will be filed with the applicable securities commissions using the Canadian System for Electronic Document Analysis and Retrieval+ (SEDAR+) and will be available for viewing at www.sedarplus.com.The Company is a discovery focused Oil & Gas Resource Development and Mineral Exploration Company that is currently focused on developing its production of conventional heavy oil exploration opportunities, increasing production capabilities and increasing potential future oil production revenues. The Company identifies, acquires and finances the acquisition of gold exploration properties and the ongoing development of mining and oil and gas assets primarily situated in Canada. The Company is committed to minimizing risk through selective property acquisitions, and responsible exploration and development of mining, and petroleum and natural gas resource assets.FOR FURTHER INFORMATION, PLEASE CONTACT:Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. The Company undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.