Triumph Gold Corp. announced a private placement of 28,571,428 units at an issue price of CAD 0.13125 for the gross proceeds of CAD 3.75 million on January 4, 2023. Each unit will be composed of one common share and one-half of a common share purchase warrant, with each whole warrant exercisable to acquire an additional share at a price of CAD 0.175.

The company may pay a finder's fees to the eligible arm length parties.