Troy Minerals Announces Life Offering
Troy Minerals (OTCQB:TROYF) has announced a private placement offering of 10,000,000 to 15,000,000 units at $0.10 per unit, aiming to raise up to $1.5 million in gross proceeds. Each unit consists of one common share and one-half of a common share purchase warrant.
The warrants will allow holders to purchase additional common shares at $0.15 per share for a two-year period. The proceeds will fund exploration projects in British Columbia, Mongolia, and Wyoming, along with marketing, working capital, and general corporate purposes. The offering is expected to close by July 31, 2025.
The units will be offered through the listed issuer financing exemption in British Columbia and Ontario, with warrant-underlying shares subject to a four-month contractual hold period. The offering requires CSE approval, and the company may pay finder's fees in accordance with CSE policies.
Troy Minerals (OTCQB:TROYF) ha annunciato un'offerta di collocamento privato di 10.000.000 a 15.000.000 di unit脿 al prezzo di 0,10$ per unit脿, con l'obiettivo di raccogliere fino a 1,5 milioni di dollari in proventi lordi. Ogni unit脿 猫 composta da un'azione ordinaria e da mezza opzione di acquisto di azioni ordinarie.
Le opzioni consentiranno ai detentori di acquistare ulteriori azioni ordinarie a 0,15$ per azione per un periodo di due anni. I proventi finanzieranno progetti di esplorazione in British Columbia, Mongolia e Wyoming, oltre a marketing, capitale operativo e scopi aziendali generali. La chiusura dell'offerta 猫 prevista entro il 31 luglio 2025.
Le unit脿 saranno offerte tramite l'esenzione per finanziamenti da emittenti quotati in British Columbia e Ontario, con le azioni sottostanti alle opzioni soggette a un periodo contrattuale di blocco di quattro mesi. L'offerta richiede l'approvazione della CSE e la societ脿 potr脿 corrispondere commissioni ai collocatori secondo le politiche della CSE.
Troy Minerals (OTCQB:TROYF) ha anunciado una oferta privada de colocaci贸n de 10,000,000 a 15,000,000 unidades a $0.10 por unidad, con el objetivo de recaudar hasta $1.5 millones en ingresos brutos. Cada unidad consiste en una acci贸n com煤n y la mitad de un warrant para comprar acciones comunes.
Los warrants permitir谩n a los tenedores comprar acciones comunes adicionales a $0.15 por acci贸n durante un per铆odo de dos a帽os. Los fondos se destinar谩n a proyectos de exploraci贸n en Columbia Brit谩nica, Mongolia y Wyoming, adem谩s de marketing, capital de trabajo y prop贸sitos corporativos generales. Se espera que la oferta cierre antes del 31 de julio de 2025.
Las unidades se ofrecer谩n bajo la exenci贸n de financiamiento para emisores listados en Columbia Brit谩nica y Ontario, con las acciones subyacentes a los warrants sujetas a un per铆odo contractual de retenci贸n de cuatro meses. La oferta requiere la aprobaci贸n de la CSE, y la compa帽铆a podr谩 pagar honorarios a intermediarios conforme a las pol铆ticas de la CSE.
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Troy Minerals (OTCQB:TROYF) a annonc茅 une offre priv茅e de placement de 10 000 000 脿 15 000 000 d鈥檜nit茅s 脿 0,10 $ par unit茅, visant 脿 lever jusqu鈥櫭� 1,5 million de dollars de produits bruts. Chaque unit茅 comprend une action ordinaire et un demi-bon de souscription d鈥檃ctions ordinaires.
Les bons permettront 脿 leurs d茅tenteurs d鈥檃cheter des actions ordinaires suppl茅mentaires 脿 0,15 $ par action pendant une p茅riode de deux ans. Les fonds serviront 脿 financer des projets d鈥檈xploration en Colombie-Britannique, en Mongolie et au Wyoming, ainsi que le marketing, le fonds de roulement et les besoins g茅n茅raux de l鈥檈ntreprise. La cl么ture de l鈥檕ffre est pr茅vue pour le 31 juillet 2025.
Les unit茅s seront propos茅es dans le cadre de l鈥檈xemption de financement pour 茅metteurs cot茅s en Colombie-Britannique et en Ontario, les actions sous-jacentes aux bons 茅tant soumises 脿 une p茅riode contractuelle de blocage de quatre mois. L鈥檕ffre n茅cessite l鈥檃pprobation de la CSE, et la soci茅t茅 pourra verser des commissions aux interm茅diaires conform茅ment aux politiques de la CSE.
Troy Minerals (OTCQB:TROYF) hat eine Privatplatzierung von 10.000.000 bis 15.000.000 Einheiten zu 0,10 $ pro Einheit angek眉ndigt, mit dem Ziel, bis zu 1,5 Millionen Dollar Bruttoerl枚s zu erzielen. Jede Einheit besteht aus einer Stammaktie und einem halben Bezugsrecht auf eine Stammaktie.
Die Bezugsrechte erm枚glichen den Inhabern, zus盲tzliche Stammaktien zu 0,15 $ pro Aktie 眉ber einen Zeitraum von zwei Jahren zu erwerben. Die Erl枚se werden zur Finanzierung von Explorationsprojekten in British Columbia, der Mongolei und Wyoming sowie f眉r Marketing, Betriebskapital und allgemeine Unternehmenszwecke verwendet. Der Abschluss der Platzierung wird bis zum 31. Juli 2025 erwartet.
Die Einheiten werden 眉ber die Emittentenfinanzierungsausnahme in British Columbia und Ontario angeboten, wobei die den Warrants zugrunde liegenden Aktien einer vertraglichen Haltefrist von vier Monaten unterliegen. Die Platzierung erfordert die Genehmigung der CSE, und das Unternehmen kann Vermittlungsgeb眉hren gem盲脽 den CSE-Richtlinien zahlen.
- Potential to raise up to $1.5 million in new capital
- Proceeds will advance exploration projects across three regions
- Securities issued to Canadian residents will not be subject to resale restrictions
- Warrant exercise could provide additional future funding at $0.15 per share
- Significant dilution for existing shareholders
- Offering price of $0.10 per unit may represent a discount to market price
- No guarantee of raising the maximum amount
- Additional dilution possible if warrants are exercised
Not for distribution in the U.S. or to U.S. Newswire services
VANCOUVER, BC / / June 30, 2025 / Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce a private placement offering (the "Offering") of a minimum of 10,000,000 units of the Company (each a "Unit") and up to a maximum of 15,000,000 Units at a price of
Each Unit will be comprised of one common share and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire an additional common share at a price of
The proceeds of the Offering are expected to be allocated to the advancement of the Company's exploration projects in British Columbia, Mongolia and Wyoming, as well as for marketing, working capital and general corporate purpose.
The Units will be offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") in the provinces of British Columbia and Ontario. Pursuant to NI 45-106, the securities forming part of the Units issued to Canadian resident subscribers under the Offering will not be subject to resale restrictions, however the shares underlying the warrants will be subject to a contractual four month hold period from the date of issuance.
There is an offering document related to this Offering that can be accessed under the Company's profile at at the Company's website . Prospective investors should read this offering document before making an investment decision.
The Offering is expected to close on or about July 31, 2025, or such other date that is within 45 days from June 30, 2025, as the Company may agree. The Offering remains subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE. The Company may pay finders fees in accordance with CSE policies on all or part of the Offering.
ON BEHALF OF THE BOARD,
Rana Vig | CEO and Director
Telephone: 604-218-4766 [email protected]
Forward-Looking Statements
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to the intended use of funds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Troy Minerals Inc.
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FAQ
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