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Trans Canada Gold to Raise CA$1.5 Million in Private Placement of Units

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Trans Canada Gold (TTG.V) plans to raise up to CA$1.5 million in a private placement financing of flow-through (FT) and non-flow-through (NFT) units, the company said after trade on Monday.

Trans Canada will issue up to 3.95 million FT units at CA$0.19 each, for CA$750,000 in proceeds. Each FT unit will consist of one FT share and and half of a two-year warrant to buy a share at CA$0.30.

The company will issue up to 4.4 million NFT units at CA$0.17 apiece, for CA$750,000 in proceeds. Each NFT unit consists of one share and half of one two-year warrant to buy a share at $0.30.

The offering is expected to close in mid-October.

Proceeds will be used for year Phase 2 exploration and underground and surface drilling costs for the Harrison Lake Property in British Columbia and general working capital.

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Mining & Metals

Journey Energy Closes CA$8 Million Acquisition of Interest in Keyera Rimbey Facility

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$JOY.TO
Mining & Metals

Restaurant Brands International to Renew Share Buyback Program

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$QSR$QSR.TO
Mining & Metals

Canagold's New Polaris Project Included in Canada Investment Summit Prospectus

Canagold Resources (CCM.TO) said Friday that its New Polaris Gold-Antimony Project in British Columbia has been included in the Canada Investment Summit Prospectus.The inclusion reflects New Polaris as a project of "strategic importance and investment potential", a statement said. A feasibility study on the project was completed last year, Canagold said.Canagold submitted an environmental assessment application for New Polaris in April. New Polaris has been designated a Priority Project by the BC government.The Canada Investment Summit takes place on Sept. 14 to 15 in Toronto, Ontario. It is being convened by Prime Minister Mark Carney.Canagold shares closed up CA$0.03 at CA$0.70 on the Toronto Stock Exchange.

$CCM.TO