TRU Precious Metals Corp. announced a non-brokered private placement and will issue minimum of 5,000,000 units at a price of CAD 0.05 for a minimum gross proceeds of CAD 250,000 and a maximum of 10,000,000 units at a price of CAD 0.05 per unit for maximum gross proceeds of CAD 500,000 on April 20, 2023. Each unit will consist of one common share in the capital of the company and one share purchase warrant exercisable for one additional share at a price of CAD 0.075 for 36 months from the date of issuance.

In connection with the offering, eligible finders will receive a cash commission equal to 8% of the gross proceeds raised from subscribers to the offering who were introduced by such finder, and such number of non-transferrable finder warrants as is equivalent to 8% of the number of units issued to such subscribers. Each finder warrant will entitle the holder thereof to purchase one share at a price of CAD 0.075 for a period of 36 months following the closing date. The offering is anticipated to close by May 11, 2023.

All securities issued under the offering will be subject to a four-month statutory hold period in accordance with applicable securities laws. Completion of the offering remains subject to TSX Venture Exchange approval.