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An announcement from Trans Canada Gold ( (TSE:TTG) ) is now available.
Trans Canada Gold is raising up to $500,000 through a non-brokered flow-through private placement, issuing 2,777,777 flow-through units at $0.18 each to fund eligible Canadian exploration expenses at its Harrison Lake Gold Project in southwestern B.C. Management and directors may subscribe for up to $100,000, and finders’ fees of 6% will be paid to arm’s length parties, with closing expected by mid-March 2026.
This financing supplements a previously announced $1.5 million non-flow-through private placement of 10 million units at $0.15, with proceeds earmarked for property acquisition costs, first- and second-year exploration at Harrison Lake, and working capital. The combined raises are designed to fund drilling, underground rehabilitation, and site preparation, strengthening the company’s ability to advance the project and potentially enhance its position in the regional gold exploration market.
More about Trans Canada Gold
Trans Canada Gold Corp. is a Vancouver-based mineral exploration company focused on gold projects in Canada. The company is advancing its Harrison Lake Gold Project in southwestern British Columbia, targeting district-scale gold potential through drilling and staged exploration programs.
Average Trading Volume: 124,778
Technical Sentiment Signal: Buy
Current Market Cap: C$7.69M
For a thorough assessment of TTG stock, go to TipRanks’ Stock Analysis page.
