On May 8, 2026, Trans Canada Gold Corp. closed the transaction. The company issued 100,000 non-flow through units at an issue price of CAD 0.15 for gross proceeds of CAD 15,000 in its second tranche.
The company issued 3,616,663 non-flow through units at an issue price of CAD 0.15 for gross proceeds of CAD 542,499.45 and 1,817,839 flow through units at an issue price of CAD 0.18 for gross proceeds of CAD 327,211.02 for aggregate proceeds of CAD 869,710.47. The insider subscribed for 333,333 units for aggregate proceeds of CAD 50,000 pursuant to the offering. Each unit consists of one common share and one common share purchase warrant.
Each NFT warrant is exercisable at a price of CAD 0.30 per share for a period of three years from the date of issuance. Each FT unit consists of one common share and one-half of one common share purchase warrant. Each FT warrant is exercisable at a price of CAD 0.30 per share for a period of two years from the date of issuance.
No finder?s fees were paid in connection with the second tranche of the offering. All securities issued under the first tranche of the offering will be subject to a four month hold period expiring August 8, 2026 in accordance with applicable securities laws. All securities issued under the second tranche of the offering will be subject to a four month hold period expiring September 8, 2026 in accordance with applicable securities laws.
