Troilus Gold Corp. Completes Significant Public Offering
MONTRÉAL — Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG, OTCQX: CHXMF; FSE: CM5R) is excited to share that it has successfully closed a major bought deal public offering, which included the full exercise of the over-allotment option. This offering has resulted in the issuance of 133,722,000 common shares at a price of $1.29 each. The total gross proceeds from this transaction reached an impressive $172,501,380.
Details of the Offering
The offering was managed by a talented group of underwriters, co-led by Desjardins Capital Markets, Cormark Securities Inc., and Haywood Securities Inc., along with other notable firms like BMO Nesbitt Burns Inc., Red Cloud Securities Inc., and Velocity Trade Capital Ltd. This collaboration showcases the strong confidence the financial community has in Troilus Gold Corp. and its future potential.
Utilization of Proceeds
With the successful completion of the offering, the net proceeds are set to fuel several key initiatives. The Company plans to allocate these funds towards advancing pre-development activities at its Troilus Copper-Gold project, ensuring the project progresses smoothly. Additionally, the funds will assist in debt repayment and provide essential working capital for general corporate needs.
Regulatory and Legal Framework
The offering was carried out through a prospectus supplement attached to the base shelf prospectus filed with the relevant Canadian securities commissions. This structure not only ensures compliance but also provides detailed insights about the offering to potential investors. Furthermore, the shares were offered in jurisdictions outside Canada, with particular exemptions from registration requirements, ensuring adherence to international securities laws.
Accessing Documentation
Individuals seeking more information regarding the offering can obtain the necessary documentation through Desjardins Capital Markets. They offer both electronic and paper copies of the base prospectus and the accompanying supplement at no cost. This access aligns with the Company’s commitment to transparency and investor relations.
About Troilus Gold Corp.
Troilus Gold Corp. stands as a leading Canadian development-stage mining company, striving to bring the renowned Troilus Mine back into production. Positioned in the rich geological area of Quebec, the Company maintains a substantial land position of 435 km² within the Frôtet-Evans Greenstone Belt. A recent feasibility study has confirmed the project’s potential for a large-scale, long-term open-pit mining operation, supporting the Company’s vision of becoming a cornerstone project in North America.
Company Communications
For further inquiries, please reach out to Caroline Arsenault, the VP of Corporate Communications. She can be contacted at +1 (647) 276-0050 or via email.
Frequently Asked Questions
What is the purpose of Troilus Gold Corp.'s public offering?
The proceeds from the public offering will primarily be used to fund pre-development activities at the Troilus Copper-Gold project, along with debt repayment and general corporate purposes.
Who were the underwriters for the offering?
The offering was co-led by Desjardins Capital Markets, Cormark Securities Inc., and Haywood Securities Inc., along with other firms including BMO Nesbitt Burns Inc. and Red Cloud Securities Inc.
What is the Troilus Copper-Gold project?
The Troilus Copper-Gold project is a mining project aimed at reviving the former Troilus Mine, known for its potential in economically viable copper and gold extraction.
Where can I find the prospectus documents?
The base prospectus and supplement can be accessed through Desjardins Capital Markets or the Company’s profile page on SEDAR.
What is the significance of the feasibility study completed by Troilus?
The feasibility study, completed in 2024, supports a robust plan for a 22-year open-pit mining operation, affirming the project's viability and potential in North America.
