NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, March 29, 2023 (GLOBE NEWSWIRE) -- Trillium Gold Mines Inc. (TSXV: TGM, FRA: 0702) ("Trillium") is pleased to announce that it has entered into a bridge loan agreement with RSD Capital Corp. (the "Lender") dated March 28, 2023 (the "Loan Agreement") to obtain a bridge loan in the principal amount of C$70,000 (the "Loan"). Trillium will use the proceeds of the Loan for business and commercial uses.
The Loan will bear interest at a rate of 10% per annum, accruing daily on each amount of the Loan advanced from the date of the advance and compounding monthly. Unless accelerated pursuant to the terms of the Loan Agreement, the Loan will become due on the earlier of the day (i) that is six (6) months from March 29, 2023, and (ii) that Trillium or any of its subsidiaries closes a financing of any kind or nature resulting in gross proceeds equal to or greater than CDN $70,000. In the event that the Warrants are not approved by the TSX Venture Exchange (the "Exchange") on or before the day that is 45 days from the date hereof, the interest rate of the Loan shall increase and the Loan will bear an interest rate of 12% per annum calculated in the same manner stipulated in the Loan Agreement. Trillium may prepay the Loan in full, together with all accrued and unpaid interest, at any time upon five (5) business days' written notice to the Lender.
Under the terms of the Loan Agreement, the Issuer intends to issue to or as directed by the Lender 608,695 warrants (the "Warrants"), which qualify as a Loan Bonus pursuant to section 2 of Policy 5.1. Each Warrant entitles the holder to subscribe for and purchase one common share (a "Common Share") in the capital of the Issuer at a purchase price of C$0.115 per Common Share for a period of one year following the date of issuance. The price of the warrant has been calculated pursuant to the "Market Price" calculation as defined under Exchange Policy 1.1 Interpretation. Each Warrant is non-assignable and non-transferable and is subject to the applicable regulatory hold period.
The Loan and issuance of the Warrants remains subject to receipt of all necessary regulatory and other approvals, including the final approval of the Exchange.
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, the Company 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. The Company 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, the Company has interests in highly prospective properties in Larder Lake and Shining Tree, Ontario.
Visit Trillium's website at .
For further information, please contact:
Trillium Gold Mines Inc.
Russell Starr
President, CEO and Director
Donna Yoshimatsu
VP Corporate Development & Investor Relations
Tel: (416) 722-2456
Email: dyoshimatsu@trilliumgold.com or info@trilliumgold.com
Website:
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 approvals 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.
不得分發給美國新聞社或在美國境內傳播
溫哥華,不列顛哥倫比亞省,2023年3月29日(Global Newswire)--Trillium Gold Mines Inc.(TSXV:TGM,FRA:0702)(“延齡草“)很高興地宣佈,它已與RSD Capital Corp.(The RSD Capital Corp.)達成過橋貸款協定出借人)日期:2023年3月28日(貸款協定“)獲得本金70,000加元的過渡性貸款(”貸款“)。Trillium將把貸款所得用於商業和商業用途。
這筆貸款將按10%的年利率計息,從墊款之日起每筆貸款按日累算,按月複利。除非根據貸款協定的條款加速,否則貸款將於(I)自2023年3月29日起計六(6)個月,及(Ii)Trillium或其任何附屬公司完成任何形式或性質的融資,導致總收益等於或大於70,000加元的日期(以較早者為準)到期。如果認股權證未獲多倫多證券交易所創業板(“交易所“)自本協定之日起45天或之前,貸款利率將提高,貸款的年利率將為12%,計算方式與貸款協定中規定的相同。Trillium可在五(5)個工作日書面通知貸款人的任何時候,全額預付貸款以及所有應計和未付利息。
根據貸款協定的條款,發行人擬向貸款人或按貸款人的指示發行608,695份認股權證(“認股權證根據第5.1號保單第2節的規定,可作為貸款紅利。每份認股權證賦予持有人認購及購買一股普通股(A)的權利普通股“)發行後一年內,認股權證的價格為每股普通股0.115加元的收購價。認股權證的價格是根據”交易所政策1.1釋義“所界定的”市價“計算而成。每份認股權證均不可轉讓及不可轉讓,並受適用的監管持有期所規限。
貸款和認股權證的發行仍有待收到所有必要的監管和其他批准,包括交易所的最終批准。
關於延齡草黃金礦場Inc.
Trillium Gold Mines Inc.是一家專注於增長的公司,從事收購、勘探和開發位於安大略省北部紅湖礦區的礦產資產的業務。作為其區域規模整合戰略的一部分,該公司在紅湖礦區及其周圍,靠近主要礦山和礦藏,以及沿聯盟湖和樺樹-烏奇綠巖帶,整合了最大的潛在地塊之一。該公司最近完成了收購,有效地將其毗連的土地位置擴大到超過100公里的有利結構趨勢上,通過Kinross Gold的大熊專案和演進礦業的紅湖運營。此外,該公司還在安大略省萊德湖和閃亮樹擁有極具前景的物業的權益。
請訪問Trillium的網站:。
如需更多資訊,請聯繫:
延齡草黃金礦場Inc.
拉塞爾·斯塔爾
董事首席執行官總裁
唐娜·吉鬆
企業發展和投資者關係副總裁
電話:(416)722-2456
電子郵件:郵箱:dyoshimatsu@trilliumGoldd.com或郵箱:Info@trilliumGold.com
網站:
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
警示注意事項關於前瞻性陳述
本新聞稿包含前瞻性陳述和前瞻性資訊,涉及已知和未知的風險、不確定性和其他因素那可能原因實際活動至相去甚遠物質上從…當前期望值。除有關歷史事實的陳述外,所有陳述均為前瞻性陳述。一般而言,前瞻性表述可通過使用諸如“計劃”、“預期”、“估計”、“打算”、“預期”、“相信”或此類詞語的變體,或某些行動、事件或結果“可能”、“發生”或“將會實現”的表述來識別。此類前瞻性表述包括但不限於關於貸款收益預期用途的表述。本新聞稿包含前瞻性資訊,涉及已知和未知的風險、不確定因素。和其他因素那可能原因實際活動至相去甚遠物質上從…當前期望值。前瞻性資訊基於管理層的合理假設、估計、預期、分析和意見,這些假設、估計、預期、分析和意見基於管理層對趨勢、現狀和預期發展的經驗和認知,以及管理層認為在當時情況下相關和合理但可能被證明是不正確的其他因素。這些因素包括:獲得多倫多證券交易所所需批准的能力;新冠肺炎冠狀病毒爆發對全球造成的影響;商業整合風險;總體宏觀經濟狀況的波動;證券市場的波動;黃金或某些其他商品的現貨和遠期價格的波動;國家和地方政府、立法、稅收、管制、法規以及政治或經濟發展的變化;與礦產勘探、開發和採礦業務相關的風險和危害(包括環境危害、工業事故);無法獲得足夠的保險來承保風險和危害;存在可能限制採礦的法律法規;員工關係;與當地社區和土著居民的關係和主張;與採礦投入和勞動力相關的成本增加;礦產勘探和開發的投機性(包括從政府當局獲得必要的許可證、許可和批准的風險);以及財產所有權。
讀者是已告誡不至地點不合時宜信賴在……上面這些前瞻性聲明,哪一個說僅作為的這個日期的這按下放手。這個公司放棄聲明任何意向或義務,除至這個所需範圍通過法律,至更新或修訂任何前瞻性聲明,是否AS一個結果的新的資訊,未來的事件或其他。