Toronto, Ontario — December 23, 2025 — Leads & Copy —
Trojan Gold Inc. has announced the closing of a non-brokered private placement of units. The company issued 2,000,000 units at a price of $0.10 per unit, resulting in gross proceeds of $200,000. The aggregate subscription price of $200,000 was satisfied by amounts previously advanced to the company.
Each unit comprises one common share in the company’s capital and one common share purchase warrant. The warrant entitles the holder to purchase one additional common share in the company for 24 months from the closing date at an exercise price of $0.15, subject to acceleration in certain circumstances.
All securities are subject to a four-month and one-day hold period from the closing date. No finders’ fees were paid in connection with the issuance of the units.
The issuance of the units in the private placement is considered a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The company relied on exemptions from the MI 61-101 valuation and minority approval requirements for related party transactions, as outlined in sections 5.5(a) and 5.7(1)(a) of MI 61-101. These exemptions were applicable because neither the fair market value of the subject matter nor the consideration for the issuance of shares exceeded 25% of the company’s market capitalization.
Trojan Gold Inc. is described as an active Ontario-based prospect generator junior exploration company with land positions in the Hemlo Gold Camp and Shebandowan Greenstone Belt. The company is led by a team of professionals with experience in exploration, engineering, project financing, and permitting.
For further information, contact:
Charles J. Elbourne, President & CEO
Trojan Gold Inc.
82 Richmond St. East, Suite 401
Toronto, Ontario M5C 1P1
Telephone: 416-315-6490
Email: elbourne007@gmail.com
Website: www.trojangold.com
This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful.
Source: Trojan Gold Inc.
