Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Trans Canada Gold ( (TSE:TTG) ) has issued an announcement.
Trans Canada Gold Corp. has closed the first tranche of its non-brokered private placement, raising gross proceeds of $854,711 through the issuance of non-flow-through and flow-through units with accompanying warrants. The company also received exchange approval for its option agreement on the Harrison Lake Gold Property, marking a key step in consolidating its position in the district-scale gold project.
Proceeds will fund due diligence, acquisition payments, and a detailed first-year exploration program at Harrison Lake, including underground rehabilitation, drilling and infrastructure upgrades, with additional funds reserved for future work and working capital. If the full offering and over-allotment are completed, Trans Canada Gold could raise up to $2.3 million, strengthening its exploration budget and signaling continued institutional and insider support for advancing the property.
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 listed on the TSX Venture Exchange and OTCQB, and is currently concentrating its efforts on advancing the Harrison Lake Gold Property in southwestern British Columbia.
Average Trading Volume: 89,750
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$7.18M
Learn more about TTG stock on TipRanks’ Stock Analysis page.