Trans Canada Gold raises proposed financing to C$2.5M
- Trans Canada Gold (TTG:CA) (TTGXF) increased its previously announced non-brokered private placement target from C$1.5M to up to C$2.5M.
- The financing includes up to C$1.5M through flow-through units priced at C$0.19 each, with each unit carrying ½ warrant exercisable at C$0.30 for two years.
- The company will also offer up to C$1M in non-flow-through units at C$0.17 each, with each unit carrying ½ warrant exercisable at C$0.30 for two years.
- Proceeds from the flow-through offering will fund eligible Canadian exploration expenditures for drilling at the Harrison Lake Gold Project in southwestern British Columbia.
- Total proceeds are intended to support Phase 2 exploration, underground and surface drilling, with an ~C$1.7M budget including a 15% contingency, plus general working capital.
- Closing is expected by mid-October 2026.
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