Toronto, Ontario — January 5, 2026 — Leads & Copy — Trojan Gold Inc. (CSE: TGII) has announced the closing of a non-brokered private placement of units, raising gross proceeds of $200,000. The placement involved the issuance of 2,000,000 units at a price of $0.10 per unit, with the aggregate subscription price being satisfied by amounts previously advanced to the company.
Each unit comprises one common share of Trojan Gold Inc. and one common share purchase warrant. The warrants entitle the holder to purchase one additional common share for 24 months from the closing date at an exercise price of $0.15, subject to acceleration in certain circumstances.
All securities issued 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 is considered a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Trojan Gold Inc. relied on exemptions within MI 61-101, specifically sections 5.5(a) and 5.7(1)(a), as the fair market value of the subject matter and consideration for the units did not exceed 25% of the company’s market capitalization.
Trojan Gold Inc. is described as an active Ontario-based prospect generator junior exploration company. The company’s management team has experience in exploration, engineering, project financing, and permitting. Trojan Gold Inc. holds land positions in the Hemlo Gold Camp and Shebandowan Greenstone Belt, areas the management believes have mineral exploration potential.
Charles J. Elbourne, President & CEO of Trojan Gold Inc., can be contacted for further information.
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
Source: Trojan Gold Inc.
