Troubadour Resources Inc. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.125 per unit for the gross proceeds of CAD 1,250,000 on January 31, 2024. Each unit consists of one common share and one Common Share purchase warrant. Each warrant will entitle the holder to purchase one additional Common Share at an exercise price of CAD 0.175 at any time up to 36 months following issuance.

Insiders may participate in the placement. Finders' fees in connection with the offering may be payable in accordance with the policies and subject to the approval of the Exchange. All shares issued in connection with the offering will be subject to a statutory holding period of four months and one day after the closing of the offering.

Completion of the offering is subject to the approval of the TSXV. Blake Morgan has now taken over as board seat.