Trio Resources, Inc. (OTCPK:TRII) announced a private placement of equity for gross proceeds of $500,000 on July 3, 2014. The minimum investment accepted from any outside investor will be $10,000. The company will issue securities pursuant to exemption provided under Regulation D.

As of July 18, 2014, the company has received $160,000 in its first tranche close from two investors.