Trillium Gold Announces Success-Based Compensation to Financial Advisor
15 June 2023 - 7:39AM
Trillium Gold Mines Inc. (TSXV: TGM, OTCQX:TGLDF, FRA: 0702)
(“
Trillium”) announced today that, further to its
press releases dated March 16, 2023 and June 8, 2023 and in
connection with the previously announced plan of arrangement with
Pacton Gold Inc., (the “
Arrangement”), Trillium
intends to issue 868,551 common shares (the “
Compensation
Shares”) in the capital of Trillium to Red Cloud
Securities Inc. (“
Red Cloud”), along with a cash
fee (together with the Compensation Shares, the
“
Compensation”), for acting as financial advisor
to Trillium in connection with the Arrangement. The Compensation
qualifies as a success-based commission for services provided in
connection with the Arrangement pursuant to Section 3 of TSX
Venture Exchange (“
TSXV”) Policy 5.1 Loans, Loan
Bonuses, Finder’s Fees and Commissions.
The Compensation remains subject to the
acceptance of the TSXV.
About Trillium
Gold Mines
Inc.
Trillium Gold Mines Inc. is a growth focused
company engaged in the business of acquisition, exploration and
development of mineral properties located in the Red Lake Mining
District of Northern Ontario. As part of its regional-scale
consolidation strategy, Trillium has assembled one of the largest
prospective land packages in and around the Red Lake mining
district in proximity to major mines and deposits, as well as along
the Confederation Lake and Birch-Uchi greenstone belts. Trillium
recently closed acquisitions effectively extending its contiguous
land position over more than 100 km of favourable structures on
trend with Kinross Gold’s Great Bear Project and Evolution Mining’s
Red Lake Operation. In addition, Trillium has interests in highly
prospective properties in Larder Lake and Shining Tree,
Ontario.
Visit Trillium’s website at
www.trilliumgold.com.
For further information, please contact:
Trillium Gold
Inc.
Russell StarrPresident, CEO and Director
Donna YoshimatsuVP Corporate Development and Investor
Relations
Tel: (416) 722-2456Email: dyoshimatsu@trilliumgold.com or
info@trilliumgold.comWebsite: www.trilliumgold.com
Neither the 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.
Cautionary
note regarding
forward-looking statements
This news release contains forward-looking
statements and forward-looking information, which involves known
and unknown risks, uncertainties and other factors that may cause
actual events to differ materially from current expectations. All
statements, other than statements of historical facts, are
forward-looking statements. Generally, forward-looking statements
can be identified by the use of terminology such as “plans”,
“expects', “estimates”, “intends”, “anticipates”, “believes” or
variations of such words, or statements that certain actions,
events or results “may”, “could”, “would”, “might”, “occur” or “be
achieved”. Such forward-looking statements include, without
limitation, statements regarding the expected use of proceeds of
the Loan. 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 expectations. Forward-looking information is based on
management’s reasonable assumptions, estimates, expectations,
analyses and opinions, which are based on management’s experience
and perception of trends, current conditions and expected
developments, and other factors that management believes are
relevant and reasonable in the circumstances, but which may prove
to be incorrect. Such factors, among others, include: ability to
obtain required acceptance from the TSX Venture Exchange; impacts
arising from the global disruption caused by the Covid-19
coronavirus outbreak, business integration risks; fluctuations in
general macroeconomic conditions; fluctuations in securities
markets; fluctuations in spot and forward prices of gold or certain
other commodities; change in national and local government,
legislation, taxation, controls, regulations and political or
economic developments; risks and hazards associated with the
business of mineral exploration, development and mining (including
environmental hazards, industrial accidents); inability to obtain
adequate insurance to cover risks and hazards; the presence of laws
and regulations that may impose restrictions on mining; employee
relations; relationships with and claims by local communities and
indigenous populations; availability of increasing costs associated
with mining inputs and labour; the speculative nature of mineral
exploration and development (including the risks of obtaining
necessary licenses, permits and approvals from government
authorities); and title to properties.
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 companies disclaim 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.
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