/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
VANCOUVER, BC, June 28, 2021 /CNW/ - Trillium Gold Mines
Inc. (TSXV: TGM) (OTCQX: TGLDF) (FRA: 0702) ("Trillium
Gold" or the "Company") is pleased to announce the completion of
its previously announced brokered private placement of 5,000,000
units of the Company (the "Units") at a price of C$1.00 per Unit for gross proceeds of
C$5,000,000 (the "Offering"). The
Offering included the exercise of the Agents' over-allotment
option. The Offering was led by Red Cloud Securities Inc. and
included Eight Capital (collectively, the "Agents").
Each Unit consists of one common share of the Company (each, a
"Unit Share") and one half of one common share purchase warrant
(each whole warrant, a "Warrant"). Each Warrant shall be
exercisable to acquire one common share of the Company (each, a
"Warrant Share") at a price of C$1.50
at any time on or before June 28,
2023.
The Company intends to use the net proceeds from the Offering to
advance its Red Lake properties as
well as for general working capital purposes. As
consideration for their services, the Agents received a cash
commission of C$243,870, an advisory
fee of C$34,650 and 203,225
non-transferable broker warrants ("Broker Warrants"), each
entitling the Agents to purchase one Unit at a price of
C$1.00 until June 28, 2023. The Company also issued to the
Agents a total of 27,500 agents' options exercisable into Units on
the same terms of exercise as the Broker Warrants.
The Unit Shares and Warrant Shares will have a four month hold
period expiring on October 29,
2021.
The securities described herein have not been, and will not
be, registered under the United States Securities Act, or any state
securities laws, and accordingly, have not been offered or sold
within the United States except in
compliance with the registration requirements of the U.S.
Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom. This press release does not
constitute an offer to sell or a solicitation to buy any securities
in any jurisdiction.
Appointment of New Chief Financial Officer
Trillium Gold is pleased to announce that Mr. Ian M. MacNeily, CPA, CA, recently appointed as
Financial Advisor, has accepted the position of Chief Financial
Officer and Corporate Secretary of the Company, effective
immediately. He replaces Ms. Queenie
Quang, CPA, CGA of the Baron Group.
Mr. MacNeily brings more than 20 years of executive financial
management and leadership experience in the mining sector. As a
senior executive for a number of global mining and development
companies, he has considerable experience in strategic planning,
acquisitions, financial controls and reporting, capital
restructuring and funding, metal trading, and implementing
successful finance programs that have resulted in improved
financial position and increased shareholder value. Prior
mining companies where he served in a senior finance capacity
include Abacus Mining Corp., North American Palladium Ltd., SRA
Corporation, Desert Sun Mining, and Pangea Goldfields Inc.
Visit our website at www.trilliumgold.com.
On behalf of the Board of Directors,
Trillium Gold Mines Inc.
"Russell Starr"
Russell Starr
President, CEO and Director
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a growth focused British Columbia based company engaged in the
business of acquisition, exploration and development of mineral
properties located in the Red Lake Mining District of Northern Ontario. The Company recently
extended its holdings in the Confederation Lake and Birch-Uchi
greenstone belts, as well as in highly prospective properties in
Larder Lake, Ontario and the
Matagami and Chibougamou areas of
Quebec.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains forward-looking information, which
involves known and unknown risks, uncertainties and other factors
that may cause actual events to differ materially from current
expectation. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company disclaims any intention or
obligation, except to the extent required by law, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Trillium Gold Mines Inc.
