Trans Canada Gold Upsizes Private Placement to $2.5M CDN, Adds Over-Allotment Option
TTGXF has more than doubled off its 52-week low of $0.02.
Summary
Trans Canada Gold increased its non-brokered private placement from $1.5M to $2.5M CDN, adding a 15% over-allotment option that could raise an additional $375K. The financing includes flow-through units at $0.19 and non-flow-through units at $0.17, both with half warrants exercisable at $0.30 for two years. Proceeds fund Phase 2 drilling at the Harrison Lake Gold Project, with a detailed budget of $1.7M including contingency. The upsizing signals stronger-than-expected investor demand and provides more capital for exploration. Closing is expected by mid-October 2026, subject to TSX Venture Exchange approval.
At the time of this announcement, TTGXF was trading at $0.14 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $8.3M. The 52-week trading range was $0.02 to $0.37. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.